Monthly Archives: February 2018

News review | February 19 2018

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Brit has launched a new Bermuda-domiciled sidecar Sussex Capital. Sussex Capital, via a newly set up Bermuda-domiciled special purpose insurer, will write direct collateralised reinsurance for third-parties while also providing collateralised...

News review | February 12 2018

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Giant Japanese reinsurance buyer Zenkyoren is returning to the catastrophe bond market for another opportunity to tap the capital markets for a source of collateralised earthquake reinsurance protection, with a currently $250 Nakama...

News review | February 05 2018

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The World Bank's South American cat bond has priced just below the upper end of a revised target range at $1.36bn. The limit was expanded from an initial target of $1bn to a new range of $1.30bn to $1.39bn. The multi-national cat...

Privatising US flood insurance

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Flood insurance in the US is a mess. While insurers search for ways to grow premiums, they are unable to compete with the National Flood Insurance Program which had accumulated $25 billion in debt before the losses caused by 2017’s hurricanes. Shree...