Archive for June, 2015

Recent reports that the impending El Niño event in the Pacific Ocean may onset more quickly and be stronger than forecast could be both a help and hindrance to the insurance and reinsurance market, according to analysts at Keefe, Bruyette & Woods (KBW).

The World Bank and the UK Met Office are teaming up to collaborate on work to support the development of hydro-meteorological services for emerging and developing countries in the world, with goal’s including increasing resilience and reducing disaster risk.

Here are the ten most popular news articles, week ending 14th June 2015, 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.

Swiss headquartered ILS investment fund manager Twelve Capital has completed another private catastrophe bond deal, with a $19.087m Dodeka VI transaction listing on the Bermuda Stock Exchange today.

The Canadian insurance regulator, the Office of the Superintendent of Financial Institutions (OSFI), is investigating the use of offshore reinsurance as it seeks to ensure that insurance companies are able to meet their obligations to policyholders if they encounter stress.

As technology advances at a rapid pace, it’s time the insurance and reinsurance industry focused on utilising tech to create a more efficient risk transfer process, according to Hamilton Insurance Group’s Chief Executive Officer, (CEO) Brian Duperreault.

The insurance industry loss toll from convective storms, so severe thunderstorms, tornadoes and hail, and the flooding they have caused in recent weeks has jumped again to reach $4 billion, according to Aon Benfield’s Impact Forecasting unit.

Italian insurer and first time catastrophe bond sponsor UnipolSai Assicurazioni S.p.A.’s Italian and European earthquake cat bond, Azzurro Re I Limited, has been upsized by one-third to €200m, while pricing has moved to just above the midpoint of guidance.

Fronting and the provision of program services, to providers of third-party reinsurance or ILS capital, is one of the hot trends that has emerged in insurance and reinsurance over the last year, largely due to State National’s work.

The Jardine Lloyd Thompson Capital Markets (JLTCM) team has completed another transaction using its own platform to issue a $31.074m Market Re Ltd. (Series 2015-3) privately placed catastrophe bond for an unnamed sponsor.