A monsoon enhanced by El Nino conditions is set to cause up to $3 billion worth of insurance claims after weeks of torrential rainfall in Southern India and Sri Lanka, according to the Aon Benfield’s report...
A recent court decision has highlighted the presence of multiple sources of credit risk in protected cell structures, according to a Fitch Ratings report...
Forecast economic losses for California wildfires were in excess of $1.5 billion during September, with preliminarily insured losses estimated at more than $925 million, according to Aon Benfield’s Global Catastrophe Report...
Catastrophe bond coverage reached a record $23.5 billion on 30 June, according to Aon’s insurance-linked securities (ILS) report...
El Niño is set to continue to intensify in the coming months and could force global drought losses above the current forecast of $8 billion in economic damage, according to Aon Benfield’s report...
Aon Benfield has launched the PACE (portfolio accumulation for control and evaluation) platform to help reinsurers monitor the aggregate catastrophe exposure across their portfolios...
The NAIC has selected BlackRock Solutions as the sole vendor to conduct financial modelling for the next three years...
National Association of Insurance Commissioners (NAIC) president Monica Lindeen has signed a memorandum of understanding with Jeremy Cox, CEO of Bermuda Monetary Authority...
