PCRIC names Richard Poulter Chief Risk Officer
Pacific Catastrophe Risk Insurance Company (PCRIC) has announced the appointment of Richard Poulter as the company’s new Chief Risk Officer, effective July 1, 2024. In his new role, Poulter will be responsible for ensuring executive management where the Board of Directors will have a comprehensive view of how key risks are managed and controlled across […]
Cyber catastrophe bond market – room for growth is considerable: Howden
There is “considerable” room for growth in the cyber catastrophe bond market, as cyber insurers and reinsurers get increasingly comfortable with event-based excess-of-loss coverage options and use of quota shares in the cyber reinsurance space reduces, broking group Howden has said. Commenting on the growing cyber insurance market, Howden noted that prospects look strong, helped […]
Catastrophe bond market yield rose in June, ends month at 13.7%
The overall yield of the catastrophe bond market in US dollars rose slightly through June and ended the month at just under 13.7%, reaching levels last seen in August 2023. A consistent trend of spread tightening in the catastrophe bond market had driven yields down into and through the first-quarter of this year. That led […]
