Romanian nat cat pool turns to Moody’s for earthquake offeringRomanian natural hazards (re)insurance pool Pool-ul de AsigurareÎ mpotriva Dezastrelor Naturale (PAID) has partnered with Moody’s to help the organisation better model and manage earthquake risk.
Time to (really) get to know your customerRob Sloan, senior director – marketing, insurance solutions at Moody’s, on the importance of obtaining the required data.
Cyber: Modelling for a fast-moving riskMoody’s Damini Mago discusses how advances in cyber modelling can help the market navigate rapidly evolving risks.
Capitalising on GenAI: today and in the futureAlisha Fazo, senior director, product management – insurance solutions applications at Moody’s, on how the industry can capitalise on developments in generative AI.
Moody’s RMS issues “best estimate” of $26bn insured losses from MiltonPrivate market insured losses from Hurricane Milton are expected to be between $22bn and $36bn, Moody’s RMS Event Response has said, with a “best estimate” of $26bn.
Moody’s RMS says combined insured losses from Helene and Milton in $35bn-$55bn rangeMoody’s RMS has issued a provisional US private market insured loss range of $35bn to $55bn for the combined impacts of Hurricanes Helene and Milton.
Moody’s RMS post-landfall Milton stochastic events output points to $11.8bn mean wind lossMoody’s RMS on Friday sent to clients a post-landfall stochastic events STEP tool output for Hurricane Milton that includes a $11.8bn mean loss from wind-only damage, The Insurer understands.
Moody’s upgrades Intact’s Canadian units to Aa3 and US units to A1Moody’s Ratings has upgraded the insurance financial strength rating of Intact Financial’s principal Canadian insurance subsidiaries to Aa3 from A1 and the principal operating subsidiaries of Intact US Holdings to A1 from A2.
Moody’s RMS pre-landfall Milton stochastic events output points to $25.3bn mean wind lossMoody’s RMS on Wednesday sent to clients a pre-landfall stochastic events STEP tool output for Hurricane Milton that includes a $25.3bn mean loss from wind-only damage, The Insurer understands.
S&P: K2 posts $1.6bn revs and $83mn adj Ebitda in TTM to 30 June 2024K2 Insurance Services generated total net revenue of around $237mn and gross premiums written of some $1.6bn in the 12 months to 30 June 2024, with the Bob Kimmel-led MGA platform’s adjusted Ebitda for the period totalling $83mn, according to S&P Global Ratings.
Moody’s RMS puts insured losses from Central Europe floods at up to €3.5bnMoody’s RMS Event Response has published an estimate for insured losses from the flooding in Central Europe last month at between €2.5bn and €3.5bn ($2.8bn and $3.9bn).
Moody’s RMS stochastic events output for Helene after landfall points to $11.1bn mean wind lossMoody’s RMS on Friday sent to clients a preliminary post-landfall stochastic events STEP tool output for Hurricane Helene that includes an $11.1bn mean loss from wind-only damage, The Insurer understands.
Moody’s Analytics says Helene “like Idalia, but worse” with cost estimated at up to $34bnMoody’s Analytics has estimated that Hurricane Helene is “poised to carry a heftier economic price tag” than Idalia that hit the same region last year, and as a sustained Category 4 storm, could inflict damage ranging from $20bn to $34bn.
AssuredPartners revenues up 6% to $2.8bn in TTM to mid-2024AssuredPartners’ revenue increased almost 6 percent in the 12 months to 30 June 2024 driven by a combination of acquisitions and mid-single digit organic growth, with the expansion not detrimental to the broker’s Ebitda margin, according to Moody’s.
Moody’s pegs US private market insured losses from Hurricane Francine at <$2bnUS private market insured losses from Hurricane Francine will come in at less than $2bn, according to an estimate from Moody’s RMS Event Response.
Moody’s: Louisiana Citizens to absorb “significant portion” of Francine coastal lossesHurricane Francine is more likely to affect regional insurers because of their geographic concentrations while state-backed insurer Louisiana Citizens will absorb a “significant portion of losses along the Louisiana coast”, Moody’s has said.
Moody’s upgrades UK P&C insurance segment to stableMoody’s Ratings has upgraded its outlook for UK P&C insurance companies to stable from negative, noting that personal lines pricing has risen to a sufficient level to absorb claims inflation.
Disrupting the flow of earnings risk lossesMaurizio Savina, senior director – product management, insurance solutions at Moody’s, on how modelling can help insurers get on top of earnings perils.
Moody’s: Alliant reported TTM revenue of $4.5bn through June 2024Alliant grew its revenue to $4.5bn for the 12 months up to the end of June 2024, according to Moody’s, which revealed the figure while rating the broker’s $3bn of new debt.
Risk platforms power insurance industry progressRob Stevenson, senior director – business development, insurance solutions at Moody’s, highlights some of the benefits of using cloud platforms.