AM Best flags uncertainties for Sub-Saharan reinsurance market

Analysts at AM Best have flagged a host of uncertainties that may impede the near-term prospects of the reinsurance market in Sub-Saharan Africa (SSA), despite its significant expansion over the past decade. The rating agency notes that gross written premium in the SSA reinsurance market has grown at a 10-year compound annual growth rate of […]

Well over $1bn of cat bond mark-downs expected after hurricane Ian

We asked our insurance-linked securities (ILS) focused readers for their thoughts as to how large the Hurricane Ian mark-to-market implied loss to catastrophe bonds could be, when pricing sheets were marked on Friday. The resounding answer was that “more than $1 billion” of mark-downs in value were expected across the catastrophe bond market, while a […]

Swiss Re cat bond index plummets on Hurricane Ian. US Wind down 32%

The catastrophe bond market index calculated by Swiss Re Capital Markets, the insurance-linked securities (ILS) specialist arm of the global reinsurance firm, plummeted when priced on Friday, due to the potential impacts and losses cat bonds face after Hurricane Ian. Swiss Re Capital Markets has been tracking catastrophe bond market performance with its cat bond […]

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