Archive for June, 2014

One of the world’s leading global risk and reinsurance broking specialists, Guy Carpenter (GC), has warned that despite 2014 Atlantic Hurricane Season forecasts predicting lower than average activity, U.S. hurricane impacts remain a possibility.

Japanese primary insurers are set to raise premiums for earthquake insurance by an average 15.5%, according to reports, despite availability of reinsurance being at an all time high and pricing generally softening.

There is no need for traditional reinsurance players to be to nervous when they witness alternative capital continuing to flow into the market, as the strong reinsurance underwriters will get their share of new capital, according to AXIS Capital CEO Albert Benchimol.

Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle formerly known as Hampden Underwriting, has entered into a new collateralised reinsurance agreement to free up capital for new opportunities.

Here are the ten most popular news articles, week ending 29th June 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

The amount of risk capital outstanding in catastrophe bonds and insurance-linked securities listed in the Artemis Deal Directory has passed a new milestone, reaching a record all-time high of $23.062 billion with the completion of the latest transactions.

This interview with Vincent Prabis Head of ILS Strategies at reinsurer SCOR’s Global Investments unit, discusses what it’s like to operate an insurance-linked securities (ILS) unit within a major global reinsurance firm.

We’ve sourced some further details on the $30m Caribbean hurricane and earthquake linked catastrophe bond transaction issued by the World Bank on behalf of the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

Technical pricing on catastrophe reinsurance renewals may fall below reinsurers technical minimum pricing levels at the 2015 renewals, if the current price softening trend continues, according to rating agency Moody’s Investors Service.

The World Bank has issued (perhaps directly sponsored) its first catastrophe bond, according to reports, in a $30m deal designed to provide hurricane and earthquake reinsurance protection to the Caribbean Catastrophe Risk Insurance Facility (CCRIF).