News
News and Chaptergrams
Pages
IAG confirms A$100mn+ reinsurance recovery
IAG confirmed that it would benefit from A$106mn ($81mn) of reinsurance protection from its aggregate covers, as it reported total natural peril losses of A$420mn for the six months ended 31 December.
The total loss tally was A$80mn above the insurer's allowance for natural perils claims in the half-year and included A$117mn of claims from the Kaikoura earthquake that struck New Zealand in November, as well as $A86mn from storms in Adelaide and New Zealand.
- Read full article
- Comments(0) To comment, please Sign In
AIG drops down cat reinsurance cover
AIG has taken steps to increase its reinsurance protection against catastrophe volatility in the past year after it halved the trigger point of its US property catastrophe reinsurance programme.
The insurer disclosed in its fourth quarter results that the attachment point of the treaty had dropped from $3bn to $1.5bn.
The carrier said this was part of "transformational changes" to the reinsurance arrangements protecting its commercial insurance arm last year.
- Read full article
- Comments(0) To comment, please Sign In
Cayman Islands speed up cat bond issuance
The Cayman Islands Monetary Authority (CIMA) is streamlining applications for cat bond vehicles.
The new regime will make the registration timeframe more efficient, and make the Cayman Islands a more competitive jurisdiction, the regulator said in a press release.
- Read full article
- Comments(0) To comment, please Sign In
Pages
Pages
IAG confirms A$100mn+ reinsurance recovery
IAG confirmed that it would benefit from A$106mn ($81mn) of reinsurance protection from its aggregate covers, as it reported total natural peril losses of A$420mn for the six months ended 31 December.
The total loss tally was A$80mn above the insurer's allowance for natural perils claims in the half-year and included A$117mn of claims from the Kaikoura earthquake that struck New Zealand in November, as well as $A86mn from storms in Adelaide and New Zealand.
- Read full article
- Comments(0) To comment, please Sign In
AIG drops down cat reinsurance cover
AIG has taken steps to increase its reinsurance protection against catastrophe volatility in the past year after it halved the trigger point of its US property catastrophe reinsurance programme.
The insurer disclosed in its fourth quarter results that the attachment point of the treaty had dropped from $3bn to $1.5bn.
The carrier said this was part of "transformational changes" to the reinsurance arrangements protecting its commercial insurance arm last year.
- Read full article
- Comments(0) To comment, please Sign In
Cayman Islands speed up cat bond issuance
The Cayman Islands Monetary Authority (CIMA) is streamlining applications for cat bond vehicles.
The new regime will make the registration timeframe more efficient, and make the Cayman Islands a more competitive jurisdiction, the regulator said in a press release.
- Read full article
- Comments(0) To comment, please Sign In