Some defined benefit (DB) pension plans in Canada are overestimating their longevity exposure as the mortality improvement rate is seen to be lower than anticipated, according to new data from Club Vita’s Canada division.
Read the full article →

Weston Hicks, the President of re/insurer Alleghany, has likened the world of efficient alternative reinsurance capital to Frankenstein’s monster, describing the market as untested against the “big one” and problematic because of potential incentive misalignments.
Read the full article →

The World Bank is working hard on its initiative that it terms the “first-ever insurance market for pandemic risk”, the Pandemic Emergency Financing Facility (PEF) and hopes to see a transaction come to market this year.
Read the full article →

The insurance-linked securities (ILS) market has a role to play in cyber risks, according to the former Secretary of the U.S. Department of Homeland Security and now Chairman of Ridge Global, Tom Ridge.
Read the full article →

Insurance and reinsurance group Hiscox continues to enjoy an increasing benefit from its ILS and Kiskadee Investment Managers platform, with its ILS assets under management now reaching $1.25 billion, helping it to generate increased fee and profit commission.
Read the full article →

Actuaries put storm Thomas/Doris Germany insured loss at €100m

February 27, 2017

European windstorm Thomas, or Doris is expected to result in an insurance industry loss in Germany of around €100 million (US$105.8mn), according to Meyerthole Siems Kohlruss (MSK).

Read the full article →

Markel reports $56.5m of Markel CATCo revenue in 2016

February 27, 2017

For the first time Markel Corporation has revealed how much revenue operations at its reinsurance and retrocession linked investment manager Markel CATCo Investment Management generated, reporting $56.5 million of revenue for 2016.

Read the full article →

JLT Re secures PCS ILW license for U.S., Canada & Turkey

February 27, 2017

Reinsurance broker JLT Re has secured a license to facilitate industry loss warranties (ILWs) covering the U.S., Canada, and Turkey, using Property Claims Services (PCS) data as a trigger.

Read the full article →

Eclipse Re collateralized note platform launched by Horseshoe and Rewire

February 27, 2017

Eclipse Re Ltd., a private syndicated collateralized reinsurance note platform, has been launched by Bermuda-headquartered ILS management, servicing, transformation and fronting specialist Horseshoe Group and boutique insurance investment banking specialists Rewire Securities LLC.

Read the full article →

Profitable growth won’t be any easier for re/insurers to achieve in 2017

February 27, 2017

There is an expectation that achieving profitable growth in insurance and reinsurance in 2017 is not going to be any easy, as ideas that pricing is near to the bottom of the cycle are unlikely to translate into better profits or more growth opportunities without an innovative approach.

Read the full article →

SJNK seeks $270m Aozora Re 2017 Japan typhoon cat bond

February 27, 2017

Japanese primary insurance giant Sompo Japan Nipponkoa Insurance is returning to the capital markets to sponsor a $270 million Aozora Re Ltd. (Series 2017-1) catastrophe bond, to secure additional collateralized reinsurance protection for Japanese typhoon risks.

Read the full article →

Best of Artemis, week ending 26th February 2017

February 27, 2017

Here are the ten most popular news articles, week ending 26th February 2017, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

Read the full article →

European windstorm Thomas/Doris could be costliest of season

February 24, 2017

This weeks European windstorm Thomas (or Doris) could be the most damaging of a so far relatively quiet winter 2016/17 storm season, according to reinsurance broker Aon Benfield’s Impact Forecasting division.

Read the full article →

TransRe Capital Partners grows sidecar assets to $500m

February 24, 2017

TransRe Capital Partners, the unit of reinsurance firm TransRe formed in 2013 to deal with its third-party capital market activities, now has approximately $500 million in its collateralised reinsurance sidecar, according to Alleghany President Weston Hicks.

Read the full article →

ILS fronting specialist State National grows program services in 2016

February 24, 2017

Specialist primary insurer State National Companies, which provides fronting and program services to the world’s largest insurance-linked securities (ILS) fund manager, Nephila Capital, saw revenues from its Program Services unit increase by 7.9% in 2016.

Read the full article →