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Lucy Jones
Published by this author:
Cresta to launch industry loss index for $1bn-plus events
Clix index will provide insured loss data for all major nat cat events since 2000.
Lucy Jones
,
October 01, 2020
Glass Fire impacts Napa as two new blazes emerge
All three fires are prompting evacuation orders in Napa and Sonoma counties.
Lucy Jones
,
September 28, 2020
AIR estimates Sally losses at $1bn-$3bn
Sally buffeted cities and town as it moved across Alabama at speeds as low as 2 mph, the modeller said.
Lucy Jones
,
September 21, 2020
Teddy will near Bermuda at hurricane strength this weekend: NHC
The storm is churning at Category 4 strength in the Atlantic and could impact Bermuda after Paulette's recent strike on the island.
Lucy Jones
,
September 18, 2020
Historic flooding unfolds as Category 2 Hurricane Sally approaches landfall
Life-threatening storm surge is already occurring along the coastline from Alabama to the Florida Panhandle, including Pensacola Bay and southern portions of Mobile Bay.
Lucy Jones
,
September 16, 2020
Wind warning leads to fears US West Coast fires will spread
The US National Weather Service issued a critical fire weather warning for parts of Idaho, Montana, California, Nevada and Oregon on Monday.
Lucy Jones
,
September 14, 2020
FedNat adds $39mn reinsurance top-up after Laura hit
The carrier did not give a gross loss estimate, but has added $39.2mn of reinsurance cover for a second event.
Lucy Jones
,
September 10, 2020
ICT estimates Texas Laura insured losses at $150mn
Louisiana will account for the brunt of insured losses from the Category 4 hurricane, which made landfall last month.
Lucy Jones
,
September 02, 2020
CoreLogic estimates Laura losses at $8bn to $12bn
Storm surge losses are expected to remain under $500mn.
Lucy Jones
,
August 28, 2020
Laura's historic parallels: Ike, Rita and their losses today
Insured losses from past storms in Laura's vicinity range from $13bn to $24bn, inflation-adjusted.
Fiona Robertson
,
August 27, 2020
Marco weakening as Laura forecast to strengthen to Cat 1
Marco is forecast to make landfall in Louisiana on Monday, with Laura hitting Texas by Thursday.
Lucy Jones
,
August 24, 2020
Catastrophe insured losses up 35% to $31bn in H1: Swiss Re
Losses from severe convective storms in the US were the highest since the first half of 2011.
Lucy Jones
,
August 11, 2020
Aon: Isaias insured losses will exceed $1bn
Despite being Category 1 at landfall, Isaias caused storm surges from South Carolina to New York.
Lucy Jones
,
August 07, 2020
Braun urges more AOB reform in Florida
Lawyers are diligent in finding avenues to bring litigation against insurers, FedNat’s CEO Michael Braun told analysts on Thursday.
Lucy Jones
,
August 06, 2020
Downgraded Isaias reaches Canada leaving behind flooding and power outages
Reports of flooding in eastern US states as millions were left without power.
Lucy Jones
,
August 05, 2020
AIG expects to draw on international reinsurance for Covid claims
The company confirmed it had bought $500mn of additional catastrophe aggregate.
Lucy Jones
,
August 04, 2020
Citizens expects 30% reinsurance cost rise in 2020
Citizens plans to source $1.4bn of reinsurance limit for its coastal account, up from $1.27bn last year, as more of its multi-year cover elapses.
Lucy Jones
,
May 14, 2020
Allstate Q1 cat losses drop a third to $210mn
The insurer added $121mn to its catastrophe treaty, covering it for up to $5bn of losses.
Lucy Jones
,
May 06, 2020
TigerRisk signs up Po-Ba for Lloyd’s role
The broker said the former Securis and Scor executive was joining at an opportune time for syndicates sourcing 2021 capital.
Lucy Jones
,
May 04, 2020
Aon reinsurer index’s 2019 CoR hits 100.3%
Attritional losses hit a 14-year high due to worsening casualty trends and man-made losses.
Lucy Jones
,
April 21, 2020
ILS funds return 0.61% for January
Private ILS strategies largely escaped losses from the Australian wildfires, ILS Advisers said.
Lucy Jones
,
March 09, 2020
FedNat lifts Irma, Michael losses by 5% to $1.35bn
The company also added 5.5 percent, to its Hurricane Michael losses, taking the total to $479mn
Lucy Jones
,
March 04, 2020
TigerRisk appoints Conway to Bermuda broking team
Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
Lucy Jones
,
February 24, 2020
Indiana state fund allocates $100mn to HSCM
The investment comes as the Indiana Public Retirement System exited Nephila’s Palmetto fund in pursuit of a more diversified ILS strategy.
Lucy Jones
,
February 03, 2020
Cat bond activity set for 2020 recovery with $9.5bn forecast
The figures reflect expectations that sponsors will return to the ILS market to seek cover as rates stabilise.
Lucy Jones
,
February 03, 2020
Nephila's Stratosphere bond has broad use for ILS primary access: Fitch
The cat bond could help lower barriers to collateralised participation in primary business, says the ratings agency.
Fiona Robertson
,
January 31, 2020
UPC upsizes minor perils reinsurance cover
Total protection for non-cat natural hazards rises $10mn to $140mn.
Lucy Jones
,
January 10, 2020
Twia may trim 2020 cover as it budgets for reinsurance rate increase
The Texas Windstorm Insurance Association also increased its ultimate loss figure for Hurricane Harvey to $1.7bn.
Lucy Jones
,
December 11, 2019
PG&E agrees $13.5bn settlement with wildfire victims
The deal will facilitate the payment of subrogation claims to insurers.
Lucy Jones
,
December 09, 2019
CNA promotes insider to chief risk and reinsurance officer
Al Miralles, who served as chief risk officer since 2017, has been appointed president of CNA Warranty.
Lucy Jones
,
October 17, 2019
Analysts: AIG better covered for 2019 typhoon claims
AIG is likely to have exhausted its $550mn Japanese reinsurance cover after typhoons Faxai and Hagibis.
Lucy Jones
,
October 16, 2019
Markel picks Hamilton exec as president of ILS launch Lodgepine
The launch follows the carrier’s decision earlier this year to put CatCo into run-off.
Lucy Jones
,
September 18, 2019
Category 3 Humberto sweeps towards Bermuda
The storm is expected to bring hurricane conditions to the island from Wednesday night.
Lucy Jones
,
September 18, 2019
Caribbean insured losses from Dorian $1.5bn-$3bn: AIR
The estimate follows Karen Clark & Company's $7bn economic loss forecast for the Bahamas.
Lucy Jones
,
September 06, 2019
Dorian stationary over Grand Bahama: NHC
The flash flood threat along the Florida peninsula will increase today, the National Hurricane Center said.
Lucy Jones
,
September 03, 2019
S&P predicts convergence capital rebound
Despite shrinkage of the overall pool, new capital providers have entered the market in recent months, the ratings agency said.
Lucy Jones
,
August 28, 2019
S&P: Reinsurance M&A is in a lull, not at the ‘end of the dance’
A mega-deal is not out of the question, but diversification will be a driver of transactions.
Lucy Jones
,
August 13, 2019
ILS market shrinks year on year in Q2
The latest quarter was the second-lowest Q2 for issuance volume in the past eight years.
Lucy Jones
,
August 07, 2019
Liberty Mutual tops up Limestone sidecar with $240mn
The mid-year renewal included $135mn from a Bermuda-listed placement, which shrank from $278mn after the insurer revised the covered portfolio.
Lucy Jones
,
July 01, 2019
Legislation put forward for five-year NFIP reauthorisation
Congresswoman Maxine Waters has proposed the new law to end lapses in National Flood Insurance Program coverage.
Lucy Jones
,
June 11, 2019
Elementum valued at $183mn in White Mountains deal
The buyer spends $55mn on a 30 percent stake in the Chicago ILS fund manager.
Lucy Jones
,
June 07, 2019
