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Jeff Kuntz
Published by this author:
Tremor releases ‘next generation’ reinsurance e-marketplace Panorama
The new platform will give cedants “100x more data” and greater pre-trade insight, Tremor said.
Jeff Kuntz
,
February 08, 2021
Willis Re: 2020 annual nat cat losses reach $78bn
Of the largest insured losses from single events last year, the top eight occurred in the US.
Jeff Kuntz
,
February 02, 2021
Kingstone estimates $1.2mn cat losses for Q4
Losses stem from four events and amount to $1.5mn gross.
Jeff Kuntz
,
February 01, 2021
BMS Re: Cat loss activity in 2020 only ‘normal’
The industry should expect similar losses in any given year, BMS vice president Andrew Siffert said.
Jeff Kuntz
,
January 29, 2021
KCC pegs 2020 Atlantic hurricane season losses near $22bn
Last year’s season was “unprecedented” in terms of frequency, but not in terms of severity.
Jeff Kuntz
,
January 26, 2021
SCE to resolve California wildfire subrogation with $2bn-plus payout
The utility did not disclose which insurers would receive payments.
Jeff Kuntz
,
January 25, 2021
Louisiana Citizens cuts 2020 storm loss estimates by 25%
Citizens projected it would cede $94mn in storm losses to reinsurers but has cut this to $62mn.
Jeff Kuntz
,
January 18, 2021
Kingstone cancels personal lines quota share for 2021
The US carrier expects to recover $16.7mn of premium by cutting off the treaty.
Jeff Kuntz
,
January 15, 2021
Nassau Financial bags $100mn growth investment from Wilton Re and Stone Point
The injection leaves US private equity firm Golden Gate Capital as a controlling shareholder.
Jeff Kuntz
,
January 11, 2021
Florida senator revives risk multiplier legal reform bill
The revived bill seeks to limit legal fees to a “lodestar” method, based on hours spent on a case.
Jeff Kuntz
,
December 15, 2020
Floridian carrier Tower Hill sustains AM Best downgrade as losses mount
Weather activity and adverse claims trends in Florida have impacted underwriting results, the ratings agency said.
Jeff Kuntz
,
December 11, 2020
November cats push US insured loss estimates above $1bn
Aon’s Impact Forecasting put total insured losses across various events including Hurricane Eta at $1.2bn or more.
Jeff Kuntz
,
December 10, 2020
Florida Citizens losses from Hurricane Sally top $20mn
The state-backed carrier escaped lightly from hurricane losses but 500 Eta claims await payment.
Jeff Kuntz
,
December 10, 2020
Willis Re predicts more capital raising amid Covid uncertainty
Carriers have raised $19bn so far this year, with another $3bn in the pipeline, the broker says.
Jeff Kuntz
,
December 08, 2020
Tech conglomerate Alphabet finalising price of first-ever $238mn cat bond
Books are scheduled to close on Monday, with final pricing being decided on Tuesday.
Jeff Kuntz
,
November 23, 2020
Hurricane Iota could hit Nicaragua as Category 5 storm: NHC
Its present track would see Iota become the third tropical storm to land in Nicaragua this month.
Jeff Kuntz
,
November 16, 2020
TS Eta makes second Florida landfall near Cedar Key
The storm struck a state park area around 135 miles north of Tampa.
Jeff Kuntz
,
November 12, 2020
US wildfire losses to top $8bn: Impact Forecasting
Over 10,000 structures have been destroyed in California alone, Aon said.
Jeff Kuntz
,
November 12, 2020
Eta forecast revised back to second storm strike on Florida coast
A hurricane watch is in effect for a 150-mile stretch on either side of Tampa.
Jeff Kuntz
,
November 11, 2020
Eta in line for second Florida landfall after flash floods in southern state
Forecasts show Eta affecting the southern tip of Florida as it turns in the Gulf of Mexico.
Jeff Kuntz
,
November 09, 2020
Universal growing in Florida despite prior and ongoing losses
Hurricanes Isaias and Sally were "full retention events" and the firm took 2,000 new Irma cat claims in Q3, the company said.
Jeff Kuntz
,
October 28, 2020
Zeta could become Cat 2 before Louisiana landfall near New Orleans
The storm has gained strength after earlier forecasts put it at a Cat 1 landfall strike.
Jeff Kuntz
,
October 28, 2020
Florida regulator hurricane data call to shed light on Irma loss creep
The calls will provide a barometer of claims activity on historic storms Irma and Michael as well as recent Hurricane Sally.
Jeff Kuntz
,
October 26, 2020
Zeta threatens to hit US Gulf on Wednesday as Cat 1
Forecasts point to landfall on the Louisiana/Mississippi border, bringing rain and possible flash flooding.
Anna Sagar
,
October 26, 2020
Florida Farm Bureau Group ratings downgraded by AM Best
The rating actions follow "diminished results" since 2016, the agency said.
Jeff Kuntz
,
October 14, 2020
AIR estimates Delta losses at $1bn-$3bn
Claims forecasts have so far fallen in line with loss expectations well below $5bn.
Jeff Kuntz
,
October 14, 2020
Centauri Specialty seeking 32% Florida primary rate hike
The company has requested state-wide changes to its multi-peril homeowners account.
Jeff Kuntz
,
October 14, 2020
CoreLogic estimates Delta onshore losses at up to $1.2bn
Including offshore losses of up to $1.5bn, the firm's total loss estimate ranges from $0.8bn-$1.5bn.
Jeff Kuntz
,
October 14, 2020
Hurricane Delta could hit Yucatan Peninsula as major hurricane
The storm is forecast to reach Mexico on Wednesday and hurricane warnings are in effect.
Jeff Kuntz
,
October 06, 2020
Citizens lifts projected growth to 22% in 2020
Updated figures include roughly 25,000 more policies than Citizens had predicted in June.
Jeff Kuntz
,
September 28, 2020
RMS: Hurricane Sally caused $2bn-$3.5bn in US insured losses
The National Flood Insurance Program is expected to take $400mn-$800mn of losses.
Jeff Kuntz
,
September 24, 2020
SCE agrees $1.2bn subrogation settlement over 2017 fires
The utility will draw down $843mn of its own insurance to help meet settlement costs related to the Thomas and Koenigstein fires, and the 2018 Montecito mudslides.
Jeff Kuntz
,
September 24, 2020
Teddy hits Nova Scotia as post-tropical storm
Rain and storm warnings are in effect for the provincial capital city of Halifax.
Jeff Kuntz
,
September 23, 2020
Beta floods Texan counties outside Houston
The NHC expects “significant flash and urban flooding” to continue.
Jeff Kuntz
,
September 22, 2020
Progressive recovers $80mn from reinsurers after August hurricanes
Hurricanes Isaias and Laura produced the bulk of losses for the insurer, which is drawing down on an aggregate cover.
Jeff Kuntz
,
September 18, 2020
Slow-moving Sally drenches eastern Alabama
The storm is expected to move across southeastern Alabama before hitting central Georgia on Thursday.
Jeff Kuntz
,
September 16, 2020
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