by AIP Online Bureau | Oct 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its Best’s Commentary, “Jamaica’s Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses....
by AIP Online Bureau | Oct 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Workplace/Employee Benefits
Outside of the Lloyd’s market, Starr writes commercial non-life insurance globally, with coverage in over 170 countries across 6 continents. Following completion of the transaction, Peter Bilsby, IQUW Group’s chief executive officer, will lead Starr’s international...
by AIP Online Bureau | Oct 29, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News
“This new bond label is a notable development for the market.The bond’s oversubscription “signals that the market is ready to allocate capital to these types of investments,”Melissa Cheok, associate director at Sustainable Fitch The Tokyo Metropolitan Government...
by AIP Online Bureau | Oct 29, 2025 | Disaster & Management, Eco/Invest/Demography, International News
The hurricane is expected to result in property damages costing between $5 billion and $10 billion in Jamaica, according to an estimate by Cotality, a property intelligence company. Hurricane Melissa made landfall in Cuba less than a day after it became the strongest...
by AIP Online Bureau | Oct 29, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Depending on exactly where Melissa hits Jamaica, total losses may range from $5 billion to $16 billion, according to Chuck Watson, a disaster modeler with Enki Research. Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as...
