Catastrophe Risks

Swiss Re's "Insurance-Linked Securities Market Insights" for 2024 shows strong insurance-linked securities market performance with over $12.3 billion in primary issuances. Despite natural catastrophes, the market saw minimal volatility and high investor confidence, per the report. Cat bond indices posted solid returns, highlighting the sector's resilience and growth. Read More

The "Gallagher Re Natural Catastrophe and Climate Report: Q3 2024" details $280 billion in global economic losses from natural catastrophes. Major events included Hurricane Helene, seasonal floods in China, and Storm Boris in Europe. Insured losses reached $108 billion, with significant impacts in the United States and emerging climate trends worldwide. Read More

Captives face growing challenges from nuclear verdicts but can mitigate risks by adapting coverage strategies, improving claims defense, leveraging data analytics, and coordinating with parent companies. Proactive management and early intervention are essential to reducing financial and reputational impacts from these escalating jury awards. Read More

The Howden Business Intelligence report for HY 2024 outlines significant shifts in risk appetite, with a focus on international growth, solvency improvements, and better underwriting. Despite elevated natural catastrophe losses, the report shows cautious optimism for the full year ahead, driven by enhanced pricing and strategic reserve management. Read More

A.M. Best's latest report shows that US-Bermuda reinsurers sustained a strong financial performance in 2023, driven by lower catastrophe losses and investment gains. Net premiums increased by 3.3 percent, and the combined ratio improved to 85.1. The report expects similar trends to continue in 2024. Read More