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Reinsurance treaties vulnerable to California wildfire losses: Fitch
Alternative Risk Transfer
Reinsurance treaties with aggregate loss triggers are expected to be vulnerable to the November fire losses in California, following previous qualifying catastrophe events in 2018 that would have utilized some or all of their aggregate deductibles, Fitch Ratings said.   20 December 2018
Insurtech TicketGuardian secures $8m in Series A Funding
Insurance
California-based TicketGuardian, an insurtech firm providing technology solutions for its wholly-owned insurance subsidiary, FanShield, has raised $8 million Series A funding led by American Family Ventures and IA Capital Group.   20 December 2018
Assurant expects up to $150m Q4 nat cat loss
Insurance
Assurant expects to record between $110 million to $150 million pre-tax, of fourth quarter 2018 reportable catastrophe losses in its global housing segment.   20 December 2018
Alternative Risk Transfer
Market participants are expecting steadily rising reinsurance pricing over the course of 2019, according to Keefe, Bruyette & Woods (KBW) analysts.   20 December 2018
Alternative Risk Transfer
Bermuda will “keep on keepin’ on” and doing what it is doing when it comes to insurance-linked securities (ILS), says Greg Wojciechowski, chief executive officer of the Bermuda Stock Exchange. Here he looks back at 2018 and forward to 2019 as the jurisdiction continues to work hard to develop and keep its solid platform.   19 December 2018
Alternative Risk Transfer
Global insurance-linked securities (ILS) issuance volume rose significantly year over year in the third quarter of 2018, according to the latest Bermuda ILS Market Report by the Bermuda Monetary Authority.   19 December 2018
Insurance
The direct cyber incident losses for the Marriott breach will be between $200 million and $600 million, according to estimates by catastrophe risk modelling firm AIR Worldwide.   19 December 2018
Alternative Risk Transfer
Losses from hurricane Michael and the devastating Camp and Woolsey wildfires in California will feature prominently in the fourth quarter 2018 earnings, resulting in what is likely to be disappointing profitability for many reinsurers for the second consecutive year, according to Moody’s.   19 December 2018
Insurance
The underwriting process is converging with the risk management activities of insurers, Cole Winans, CEO of Flyreel, told Intelligent Insurer.   18 December 2018
Insurance
EPIC Holdings is acquiring the US operations of insurance broker and risk manager Integro Group Holdings.   18 December 2018

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