Catastrophe Risks

COVID-19 Experience Will Change Risk Profiles Once Pandemic Passes

January 25, 2021

The COVID-19 pandemic has made dramatic changes to the way we live and work, and many of those changes are likely to remain in place once the pandemic has passed. Robust risk management frameworks will position organizations to take advantage of the changed environment, a new white paper suggests. Read More

Catastrophe Bond Market Sets Record for New Issuance in 2020

January 6, 2021

Catastrophe bond and related insurance-linked securities (ILS) issuance reached a record at $16.4 billion in 2020, according to the "Q4 2020 Catastrophe Bond & ILS Market Report" from Artemis. The 2020 total exceeded 2018's previous record issuance by more than $2.6 billion and included $6 billion during the fourth quarter. Read More

COVID-19 Underscores Business Continuity Plans' Value, Insurance Needs

January 4, 2021

Confronted with the COVID-19 pandemic, many risk managers' immediate response was to prioritize their organizations' people, while business continuity plans that were developed as part of enterprise risk management efforts helped address pandemic-related disruptions, according to a recent survey. The Federation of European Risk Management Associations survey underscored risk management tools' importance. Read More

COVID-19, Changing Risks Will Add Complexity to Reinsurance Renewals

November 25, 2020

January 1 reinsurance renewals and related negotiations will likely be lengthier and more complex than in prior years, according to a new report from Guy Carpenter. The intermediary cites several factors that will contribute to the complexities around coming renewals, including slow and uncertain COVID-19 loss development. Read More

Google Parent Explores Captive-Sponsored Catastrophe Bond Solution

November 16, 2020

Alphabet, Inc., is reportedly in the process of sponsoring a $237.5 million captive-sponsored catastrophe bond to cover its California earthquake exposure. A story on the website explains that Alphabet will use its Hawaii-domiciled captive insurance company, Imi Assurance, Inc., to act as fronting insurer for the risk. Read More