This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Differing from the views of some other equity analysts, the Jefferies team believe that hurricane Milton would need to result in an insurance industry loss of above $50 billion for it to cause any hardening of property reinsurance…
Month: October 2024
Milton could drive property catastrophe reinsurance rates up at 1/1 2025: KBW
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While industry losses from hurricane Milton may not be as high as had initially been feared, the storm’s impacts in Florida are still expected to be a loss in the tens of billions of dollars, and alongside loss…
Material hurricane Milton losses could change 2025 property reinsurance price trajectory: KBW
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. If now major hurricane Milton results in “material” losses for reinsurance capital providers, analysts at KBW have said that this could change the expected trajectory of property catastrophe reinsurance pricing at renewals in 2025. After the recent Monte…
Only “small scale” reinsurance renewal softening seen for January 2025: J.P. Morgan analysts
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the expectation continues to be that prices will soften off their highs somewhat at the January 2025 reinsurance renewals, analysts at J.P. Morgan say they expect this will only be at “small scale”. The reinsurance market turn…
Beazley adds $290m cyber ILW to its $510m cyber cat bonds, in $1bn cyber cat coverage
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While it has been growing its cyber underwriting business, specialist insurer Beazley has also implemented a robust hedging strategy to control the tail, recently securing a $290 million cyber industry loss warranty (ILW) cover and securing its third…