loss

UBS sees worth in collateralized reinsurance, advantages from wildfire loss revisions – Model Slux

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UBS sees worth in collateralized reinsurance, advantages from wildfire loss revisions – Model Slux

UBS Asset Administration at present sees slightly extra worth in collateralized reinsurance than in disaster bonds, whereas in latest months it benefited from constructive revisions to wildfire loss reserves at an ILS supervisor it allocates to.The group stays constructive on reinsurance and insurance-linked securities (ILS) usually, remaining simply above impartial in its weighting for the … Read more

PERILS finalises trade loss estimate for Southern Germany floods at €1.56bn – Model Slux

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PERILS finalises trade loss estimate for Southern Germany floods at €1.56bn – Model Slux

Disaster information aggregator PERILS has issued its fourth and remaining trade loss estimate for the floods that impacted southern Germany between Could 31 and June 6, 2024, placing the insured market loss at €1.564 billion.This remaining determine compares to earlier estimates of €1.568 billion, which was issued six weeks after the occasion, €1.590 billion (three … Read more

R&Q to Promote Stake in Obra Joint Enterprise for $30M, Expects “Vital Pre-Tax Loss” – Model Slux

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R&Q to Promote Stake in Obra Joint Enterprise for M, Expects “Vital Pre-Tax Loss” – Model Slux

R&Q Insurance coverage Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program administration and legacy insurance coverage enterprise, introduced it has agreed to promote its stake in a three way partnership with Obra Capital for $30 million. On the identical time, R&Q revealed it anticipates “a major pre-tax loss” for 2023, which it … Read more

Specialty insurer goes into freefall because it declares loss – Model Slux

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Specialty insurer goes into freefall because it declares loss – Model Slux

Specialty insurer goes into freefall because it declares loss | Insurance coverage Enterprise America Insurance coverage Information Specialty insurer goes into freefall because it declares loss Firm begins promoting companies to counter profitability points Insurance coverage Information By Ryan Smith Shares of R&Q Insurance coverage Holdings tumbled 45% after the corporate stated that it will … Read more

Triple-I Weblog | The newest stories from FBI and ITRC reveal that cyber incidents in 2023 broke information for monetary loss and frequency. – Model Slux

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Cyber incidents reported to the FBI’s Web Crime Criticism Heart (IC3) in 2023 totaled 880,418. These assaults brought about a five-year excessive of $12.5 billion in losses, with funding scams making up $4.57 billion, essentially the most for any cybercrime tracked. Phishing, with 298,878 incidents reported (down from its five-year excessive in 2021 of 323,972), … Read more

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