Catastrophe Risks

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

At the Vermont Captive Conference, a panel highlighted property risk management strategies in captives. They discussed the role of catastrophe modeling, structured solutions, and how captives can address complex risks such as high-value assets and natural disasters while offering more flexibility in risk retention and coverage. Read More

Aon's latest report shows record growth in the insurance-linked securities (ILS) sector, with $17.9 billion in catastrophe bonds issued. Cyber risk debuted in the market, and the total ILS market volume grew to $110 billion. Sidecar volumes also hit a new high of $10 billion, driven by strong investor demand. Read More