In a recent interview with Artemis, Christian Bruns, Hilary Paul, Pascal Koller, and Michael Stahel, LGT ILS Partners Portfolio Managers, noted an expectation for continued ILS sector growth in the coming months as market dynamics suggest additional interest in the space is likely.
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Warren Buffett’s reinsurer Berkshire Hathaway has entered into an agreement to provide insurer AIG with an adverse development reinsurance cover for 80% of the firm’s long-tail U.S. commercial liabilities, costing AIG $9.8 billion.
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Insurance industry losses from the severe wildfires that hit Sevier County, Tennessee have risen significantly from early estimates, with the latest loss estimate reported as $842 million by the regional insurance department.
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Legal & General has made two appointments into its Pension Risk Transfer business, the segment where the firm assists pension schemes to de-risk, including through longevity swaps and reinsurance arrangements.
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European windstorm Egon and European windstorm Barbara are both under investigation by PERILS AG, and Aon Benfield’s Impact Forecasting unit said Egon will likely result in an insurance industry loss of over $100 million.
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CATCo reports 8%+ 2016 return, reserves for Matthew & NZ quake

January 20, 2017

Markel CATCo has revealed an annual return of 8.12% for the ordinary shares of its CATCo Reinsurance Opportunities Fund Ltd. for 2016, despite setting up two loss reserves for hurricane Matthew and the New Zealand earthquake.

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Vitality Re VIII health ILS prices at low end of guidance for Aetna

January 19, 2017

Aetna’s latest and eighth medical benefit claims insurance-linked security (ILS) transaction, Vitality Re VIII Ltd. (Series 2017-1), has now been priced at the low end of coupon guidance, once again reflecting investor demand for these very remote health insurance related risks.

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Limehouse MGA to be at “forefront” of re/insurance disruption: RFIB

January 19, 2017

RFIB Group Limited, the international and Lloyd’s specialist insurance and reinsurance broker, has launched an MGA today, named Limehouse Agencies, with the goal of positioning it at the forefront of the disruption facing re/insurance from efficient capital and technology.

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Michael Hamer, Albourne Partners on standardised reporting in ILS

January 19, 2017

In a recent interview with Artemis, Michael Hamer of Albourne Partners discussed the importance of standardised reporting in insurance-linked securities (ILS) or insurance linked investments and the development of the Insurance Open Protocol Template.

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Blue Capital Global Reinsurance Fund returns 8.26% for 2016

January 19, 2017

The Blue Capital Global Reinsurance Fund, a London and Bermuda stock exchange listed reinsurance and retrocession linked investment fund, achieved an 8.26% return for 2016 despite some attrition from catastrophe losses during the year.

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Longevity risk over-valued, but access to risk transfer growing: Club Vita

January 19, 2017

Pension fund longevity exposure is over-valued, resulting in a potential for over UK£25 billion to be wiped off the collective deficit of UK defined benefit pensions if more accurate longevity assumptions were used, according to specialist longevity risk information provider Club Vita.

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Outstanding cat bond market favours aggregate cover for first time

January 19, 2017

Catastrophe bond issuance during 2016 was dominated by aggregate coverage, a trend that has continued into 2017, and for the first time in the market’s history more of the outstanding market features aggregate coverage than per-occurrence, according to the Artemis Deal Directory.

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ILS manager quality growing in importance: Espen Nordhus, Securis

January 18, 2017

Espen Nordhus, Chairman and co-founder of specialist insurance-linked securities (ILS) investments manager, Securis Investment Partners, in an interview with Artemis, recently discussed certain aspects of the ILS market landscape.

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ILS terrorism bonds a “logical next step” for Pool Re: Enoizi

January 18, 2017

The terrorism protection gap is now larger than ever and expanding all the time, underlining the need for innovative and effective solutions, with the insurance-linked securities (ILS) space a logical evolution, says Pool Re Chief Executive Officer (CEO), Julian Enoizi.

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Artemis ILS Bermuda Executive Roundtable 2016

January 18, 2017

Welcome to the second Artemis ILS Bermuda Executive Roundtable, in which our participants explore a variety of challenges and opportunities for the sector as it continues down its impressive growth path in Bermuda, and beyond.

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