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World Bank instrument provides funding for catastrophe insurance to Jamaica for four hurricane seasons

Cumulus Re is the first such debt instrument to cover losses arising from sustained cloud outage risk

Bermuda reinsurers are said to be among those most exposed for much of the protection and indemnity related liability

Last year’s hurricane activity was about 120 per cent of the average season and this year it is expected to be 170 per cent

Strategic collaboration to bring post-event severe convective storm response analytics to broker’s clients.

As recovery efforts continue in Baltimore, analysts are saying the final bill will tally in the billions

The Easton Re cat bond has been issued from Bermuda and the risk period will run through to the end of 2026

Hurricane Andrew helped prove the accuracy of Karen Clark’s cat modelling

Meanwhile, Fidelis Insurance Bermuda has successfully closed a new catastrophe bond

Phoenix 2 Re was originally established in 2022

Swiss Re has forecast a further expansion of cat bonds in 2024

Report says Bermuda market companies remain well capitalised to absorb any unlikely and potentially significant losses