Catastrophe Risks

Reinsurers Exposed to COVID-19 Losses but Appear Resilient to Pandemic

April 6, 2020

As both the human toll and the business impact of COVID-19 continue to mount, reinsurers look well positioned to ride out the pandemic. The industry entered the crisis well capitalized. It's also likely to benefit from policy exclusions that will limit some pandemic-related losses. Read More

International Insurance Supervisors Group Assessing COVID-19 Impact

April 6, 2020

The International Association of Insurance Supervisors is taking steps to assess the COVID-19 pandemic's impact on insurers and the organization. The organization noted that IAIS members are pursuing a range of regulatory and supervisory measures to provide operational relief to insurers as they deal with the pandemic. Read More

CAT Bond, ILS Issuance Sets First-Quarter Record

April 3, 2020

The catastrophe bond and insurance-linked securities (ILS) market saw record first-quarter issuance of more than $5 billion, according to data compiled by Artemis. The first-quarter issuance was up 82 percent from the same period in 2019 and was 19 percent higher than the previous first-quarter record set in 2018. Read More

Coalition Urges Support of COVID-19 Business Recovery Fund

April 1, 2020

The Reinsurance Association of America along with a coalition including other insurance industry trade groups and business organizations sent a letter to federal government leaders urging them to support the COVID-19 Business and Employee Continuity and Recovery Fund, a solution to support businesses and employees hurt by the COVID-19 pandemic. Read More

Ample Capital Should Help North American P&C Sector Weather COVID-19

March 31, 2020

Impact stress tests reflect that ample capital buffers at North American property-casualty insurers and reinsurers should make any fallout from COVID-19 manageable for those companies, according to S&P Global Ratings. Financial market turmoil and the ensuing recession pose a greater pitfall than underwriting exposure to COVID-19 pandemic risk. Read More