Cat bonds perform post loss but uncertainty for private deals
07-12-2017
timoph / istockphoto.com
French reinsurer SCOR has come out relatively unscathed from the record nat cat losses in the third quarter and is expected to be in a good position to take advantage of rising rates in the impacted region.
While SCOR’s big European competitors may have been hit harder by the events they are perceived as strong enough to cope with significant losses from hurricanes and earthquakes. But for some Bermuda and Lloyd’s players the hit has been so strong that they may need fresh capital.
Hurricanes in North America and the Caribbean and earthquakes in Mexico are estimated to have caused around $100 billion in insured losses in the third quarter of 2017, resulting not only in an earnings event but also a capital event for some property/casualty reinsurers.
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Reinsurance, Catastrophe, Results, SCOR, Munich Re, Swiss Re, Hannover Re, Validus, RenaissanceRe, PartnerRe, AXIS Capital Holdings, North America
