Archive for August, 2015

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Legacy of Hurricane Katrina – Reinsurance capacity bubble: Moody’s

Saturday 29th August was the 10th anniversary of hurricane Katrina's destructive landfall in Louisiana, which caused the inundation of New Orleans and resulted in the most costly natural catastrophe event in U.S. history, changing the reinsurance market in its wake.The effects of hurricane Katrina were felt across Florida, the Panhandle read the full article →

Best of Artemis, week ending 30th August 2015

Here are the ten most popular news articles, week ending 30th August 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.Top ten most viewed articles on Artemis.bm, week ending 30th August 2015: Reinsurance read the full article →

Vast capacity for Asia reinsurance market to grow: Fitch

Asia’s reinsurance markets have the potential and scope for strong growth as risk-awareness and demand for reinsurance coverage spikes in the region, coupled with a significant protection gap and the region’s high exposure to losses from natural catastrophes, according to Fitch Ratings.Asia has fast become one of the most rapidly read the full article →

Berkshire Hathaway copycats will pressure reinsurance pricing: S&P

Warren Buffett had previously bemoaned the fact that reinsurance had become a "fashionable asset class". Now, his own business model is being blamed for creating further pressure on reinsurance prices, as new entrants look to operate with a reduced cost-of-capital.The Berkshire Hathaway reinsurance business model that Warren Buffett has seen read the full article →

Longevity risk the biggest threat to UK & German corporate pensions

Longevity is the biggest risk facing corporate pension schemes in the UK and Germany and more likely to cause deficits than low-interest rates, according to Fitch Ratings, which underscores the expected increase in demand for longevity risk transfer and reinsurance.The low-interest rate environment has been a major cause of deficits read the full article →

Deloitte on the strategic risk from ILS – “If you can’t beat ‘em, join ‘em”

While the insurance and reinsurance market find's itself increasingly awash with capacity from all sources, the disruptive effect of the growing insurance-linked securities (ILS) and third-party reinsurance capital is seen as a key risk to re/insurers that should not be ignored.Interest from capital markets and institutional investors in accessing the read the full article →

Reinsurance M&A no panacea, but momentum to continue: S&P

Merger and acquisition activity among global reinsurance firms is expected to continue through the rest of 2015 and into 2016, with only the strongest expected to have the best future prospects, according to rating agency Standard & Poor's.In another pre-Monte Carlo reinsurance report, yes it's that time of year again, read the full article →

Alternative reinsurance capital use in Latin America constrained: Fitch

The use of third-party, or alternative, capital and the expansion of insurance-linked securities (ILS), such as catastrophe bonds and collateralized reinsurance into Latin American markets is currently constrained, meaning its participation remains low in the region.Latin American insurers and reinsurers are still facing problems accessing new sources of risk transfer read the full article →

Ursa Re 2015-1 cat bond sponsored by California Earthquake Authority

The California Earthquake Authority is back in the catastrophe bond market, seeking at least $150m of fully collateralized, capital market-backed reinsurance protection, with the issuance of Ursa Re Ltd. (Series 2015-1).The Ursa Re 2015-1 cat bond will be the California Earthquake Authority's second under the Ursa special purpose insurer, after read the full article →

Blue Capital Global Reinsurance Fund first-half NAV growth beats 2014

London and Bermuda stock exchange listed reinsurance and insurance linked securities (ILS) investment fund, the Blue Capital Global Reinsurance Fund, has seen stronger NAV performance in the first-half of 2015, compared to a year earlier.In the first six months of 2015 the fund's investment manager, Blue Capital Management Ltd., a read the full article →