Some private ILS lines could see rate increases of 30% or more: Twelve Capital


The insurance-linked securities (ILS) market responded well to recent intense pressure from third-quarter catastrophe events, and there’s an opportunity for ILS players to take advantage of premium increases of up to 30% or higher, according to insurance and reinsurance linked investment specialist manager, Twelve Capital.

In a recent research note on the active 2017 hurricane season, Twelve Capital has said that the private ILS market is likely to experience premium increases of between 10% to 30%, dependent on the line of business, with some niche areas of the private ILS sector seeing rates increase even higher.

ILW pricing up as much as 30% in wake of hurricanes


Rates-on-line for industry loss warranties (ILW’s) have increased by as much as 30% following the third-quarter catastrophe losses suffered by the industry, perhaps giving a glimpse of where retrocessional reinsurance could move at the forthcoming January renewals.

Artemis has analysed data from broker pricing sheets and indicative pricing received from some markets, which suggests that some ILW protection sellers are looking (or hoping) for rate increases in the region of +30% for some of the riskiest ILW contracts, down to +10% for more remote industry loss triggers.

xprimm RVS Live: CEE to get new cat models in 2018


AIR Worldwide will launch in 2018 a severe thunderstorm model for Central and Eastern Europe, according to Dr. Milan SIMIC, EVP and Managing Director, Global Business Development Insurance Solutions of VERISK Analytics. The model will cover Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia and Slovenia. Depending on the country, it will have three components: hail, straight-line wind speeds and tornadoes – which although not significant, they happen. As part of the preparations, the company had to study whether there are any significant climate signal in the recent couple of years in the region.

Hurricane Andrew repeat a $60bn industry loss, a near-replica $180bn: Swiss Re


Almost 25 years has passed since hurricane Andrew struck Florida and became the most costly storm to impact the state, but a modern-day repeat of Andrew would be significantly more impactful for insurance, reinsurance and ILS interests, while a near-replica that barreled into Miami could cause an industry loss of up to $180 billion, according to Swiss Re.

Global reinsurance players Swiss Re looked back at the impact of hurricane Andrew almost 25 years on from the storms devastating impact on Florida and the company modelled what a repeat of the hurricane would mean to re/insurers today, as well as what a slight shift in the track would mean for the industry loss.

Back in 1992, when hurricane Andrew struck the Florida coastline near Homestead on the 24th August, the impact was extremely severe. The storm was the fourth most intense hurricane to strike the United States, in terms of central pressure and the Category 5 hurricane caused an economic impact of around $29.5 billion.

Russia starts work on climate adaptation strategy


Kremlin wants new plan by mid-2018, as brief sent to regions highlights focus on extreme weather events, permafrost thawing

Russia has started working on a national climate change adaptation strategy, with ministries and regional officials to asked assess the risks of adverse impacts and possible adaptation measures.

With a delivery date pencilled in for mid-2018, ministry of environment officials told Kommersant, a business daily, they wanted to “get the regions to think about working on adaptation plans — so far most of them are busy dealing with consequences but many of those negative changes require adaptation”.

The World Bank: Tracking Earthquake and Flood Risks across Europe and Central Asia to Enhance Disaster Resilience




A new publication released by the World Bank and the Global Facility for Disaster Reduction and Recovery examines current and future trends in terms of earthquake and flood risks for selected countries across the Europe and Central Asia region.

Всемирный банк: Отслеживание рисков землетрясений и наводнений в регионе Европы и Центральной Азии для повышения устойчивости к стихийным бедствиям




Новая публикация, выпущенная Всемирным банком и Глобальным фондом по снижению опасности стихийных бедствий и восстановлению (GFDRR) рассматривает текущие и будущие тенденции в отношении рисков, связанных с землетрясениями и наводнениями для 32 стран региона Европы и Центральной Азии (ЕЦА).

Goodbye 2016, hello 2017—year-end analysis and predictions


As we approach the end of the year, Bermuda:Re+ILS asked senior re/insurance executives in Bermuda to review the most significant industry events of 2016 and offer their predictions for what 2017 will hold for the Bermuda market.

Kathleen Reardon, CEO of Hamilton Re

What were the three most important developments in the re/insurance industry in 2016?

Brexit and Trump will influence Bermuda in 2017, say reinsurance execs in year-in-review

<img class="alignleft size-full wp-image-3982" src="http://www prix du viagra au” alt=”Bermuda-Re-logo” width=”154″ height=”31″ />ORIGINAL PUBLICATION HERE

Unexpected political upheavals including the votes that mean the UK will leave the EU and that Donald Trump becomes the next president of the US, will define 2016 when the industry looks back—and will also determine the tone and direction of travel for 2017.

As 2016 drew to a close, Bermuda:Re+ILS asked a number of re/insurance executives for their opinions on the most important developments in the sector in 2016 and what they expect to see in 2017. The full range of comments from these executives can be read here.