Palomar will get $420m of quake reinsurance with largest Torrey Pines cat bond but – Nexus Vista

Palomar Insurance coverage Holdings has now finalised its largest disaster bond ever, with the Torrey Pines Re Ltd. (Collection 2024-1) issuance priced to safe $420 million in California earthquake reinsurance from the capital markets for the corporate, Artemis has realized.It’s up from the preliminary goal measurement of $400 million and a slight additional enhance on … Read more

Florida Residents secures $1.1bn of reinsurance with new Everglades Re cat bond – Nexus Vista

Residents Property Insurance coverage Company, the property insurer of final resort for the state of Florida, has now finalised its new disaster bond, in the long run securing $1.1 billion of reinsurance from the Everglades Re II Ltd. (Sequence 2024-1) deal, so the dimensions fell barely in need of its upper-target, Artemis has discovered.Florida Residents … Read more

Texas Windstorm (TWIA) able to signal reinsurance renewal traces this week – Nexus Vista

Having already secured its largest ever disaster bond problem this yr, the Texas Windstorm Insurance coverage Affiliation (TWIA) is now able to signal traces for its reinsurance renewal, with help secured for the remainder of its capability wants, in accordance with employees and dealer Gallagher Re’s executives.At a Board assembly of the Texas Windstorm Insurance … Read more

MS Reinsurance Will get Scores Upgrades From AM Greatest and S&P – Nexus Vista

MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance coverage Group Holdings, has obtained ranking upgrades from AM Greatest and S&P International Scores. On April 26, 2024, AM Greatest introduced it had upgraded the corporate’s monetary power ranking to “A+” (Superior) from “A” (Glorious) and the long-term issuer credit standing to “aa-” (Superior) from “a” (Glorious). … Read more

Optimistic reinsurance development to stay sturdy via renewals: Munich Re CEO – Nexus Vista

Based on Joachim Wenning, CEO and Chair of the Board of Administration at Munich Re, the constructive developments skilled in reinsurance during the last 12 months are usually not anticipated to weaken through the remaining renewals of 2024.In his letter to shareholders at yesterdays Munich Re AGM, Wenning defined that reinsurance has been significantly good … Read more