Youi returns for Eclipse Re powered collateralized reinsurance renewal

May 23, 2018

Australia and New Zealand homeowner and motor insurer Youi is returning to the capital markets for the fourth year in succession, as it seeks a 2018 renewal for its now regular collateralized reinsurance note placement, again with the help of Rewire Holdings and Horseshoe Re, we understand.

Read the full article →

Carver hired by Guy Carpenter as UK non-marine MD and Senior Broker

May 22, 2018

Reinsurance broker Guy Carpenter has hired Richard Carver from Aon as a new Managing Director and Senior Broker in the firm’s UK non-marine division, adding new expertise across both property and casualty classes of reinsurance business.

Read the full article →

RFIB owner rebrands, sees insurtech & ILS opportunity, adds Guernsey PCC

May 22, 2018

The owner of private equity backed international insurance and reinsurance broker RFIB Group Ltd. is rebranding to Risk Transfer Group (RTG), as part of a strategy to double revenues in three years, to include setting up a Guernsey protected cell company (PCC) and recognising that combining InsurTech and the capital markets is a significant opportunity.

Read the full article →

“Ring of Fire” severe convective storms to drive $2.5bn insured loss: KCC

May 22, 2018

A recent outbreak of severe convective storm weather, so featuring tornadoes, severe thunderstorms, large hail and strong winds, which has been dubbed the “Ring of Fire” is expected to result in insurance and reinsurance industry losses of $2.5 billion, by catastrophe modellers Karen Clark & Company.

Read the full article →

Mid-year renewals may be flat, Jan 2019 could see return of pressure: Analysts

May 22, 2018

Equity research analysts from Morgan Stanley and JMP Securities both expect that the mid-year reinsurance renewals at June and July 1st will see prices largely flat, but with some pockets of loss affected accounts up a few percentage points, which is far from the rate environment that had been hoped for.

Read the full article →

As challenging today as it was 20 years ago: Frank Majors, Nephila

May 22, 2018

Over the last two decades Nephila Capital has become the world’s largest insurance-linked securities (ILS) fund manager. While the industry has taken positive strides in this period, there are just as many challenges today as there was 20 years ago, but change is coming, according to the firm’s co-founder and principal, Frank Majors.

Read the full article →

Capital markets gain increasing reinsurance influence: Aon

May 21, 2018

The capital markets are becoming increasingly influential in reinsurance, according to broker Aon Benfield, who recognises that the growth achieved by insurance-linked securities (ILS) specialists puts them on an ever more even footing with traditional reinsurers.

Read the full article →

RKH hiring Nick Griffiths from RFIB, for alternative broking focus

May 21, 2018

RKH Reinsurance Brokers, part of the global Hyperion Group, is hiring Nick Griffiths from RFIB to join the firms’ reinsurance broking practice, bringing them experience in transacting with alternative and ILS markets.

Read the full article →

Florida cat fund (FHCF) aims for $1bn reinsurance buy at lower attachment

May 21, 2018

The Florida Hurricane Catastrophe Fund (FHCF) is expected to target a renewal of its $1 billion layer of reinsurance coverage at the mid-year, but the attachment point of the layer is expected to drop down as the Fund arranges its financing after the impact of hurricane Irma last year.

Read the full article →

ILS as an asset class to offset financial market volatility: Aberdeen’s Brooks

May 21, 2018

Mike Brooks, head of diversified multi-asset strategies at major investment manager Aberdeen Asset Management, has underlined the attractiveness of investing in the insurance-linked securities (ILS) space, particularly as a way to secure diversified returns during financial market volatility.

Read the full article →

Marsh, Munich Re & Metabiota launch parametric pandemic insurance

May 21, 2018

Global broker and risk consultancy Marsh has launched PathogenRX, an insurance product designed to protect businesses against pandemic risks such as the outbreak of infectious diseases, that utilises a parametric trigger provided by epidemic risk modeling specialists Metabiota and capacity from reinsurance giant Munich Re.

Read the full article →

Best of Artemis, week ending 20th May 2018

May 21, 2018

Here are the ten most popular news articles, week ending 20th May 2018, 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 or get our email alerts for every article we publish.

Read the full article →

ILS placement efficiency highlights power of true syndication: WTWS

May 18, 2018

The inherent efficiency of an insurance-linked securities (ILS) placement reduces the ability of one or two large players to dictate price and terms, something that can be evident in syndicated traditional reinsurance transactions, and which Willis Towers Watson Securities says can work help to level the playing field between markets.

Read the full article →

Congo Ebola outbreak may be an eligible event for pandemic cat bond & swaps

May 18, 2018

The worsening outbreak of the Ebola virus in the Democratic Republic of Congo may be considered an eligible event under the terms of the Class B pandemic swaps and pandemic catastrophe bonds that were issued by the World Bank to support the financing of the Pandemic Emergency Financing Facility (PEF).

Read the full article →

Blue Capital’s 0.61% April return shows post-event potential

May 18, 2018

The London-listed Blue Capital Alternative Income Fund, the stock exchange listed insurance and reinsurance linked investment strategy run by Blue Capital Management, a division of global re/insurer Sompo International, delivered an impressive 0.61% return in April 2018, a clear demonstration of post-event ILS return potential.

Read the full article →