The trends impacting insurance and reinsurance companies are typically aligned, but sometimes the trends push and pull in an opposing (but complementary) way.
The Florida Cat Fund should have $17 billion available for this Atlantic hurricane season thanks to a lack of hurricanes hitting the state in the past 10 years.
Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage.
Carriers never seem to be comfortable with the level of catastrophe claimseither there are way too many or far too few. This Goldilocks mentality makes me wonder what level of disaster losses would be just right for the industrys bottom line.
Marsh has launched a new cyber policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a cyber-related data disruption or unplanned technology outage.