Archive for August, 2015

Typhoon Goni is now heading towards what is forecast to be a Category 2 or 3 hit on Kyushu, Japan, putting insurance exposures in cities such as Nagasaki at risk and potentially exposing reinsurance contracts, as well as two catastrophe bonds, Akibare II and Aozora Re.

Federated National Holding Company (FNHC) has increased its use of collateralized reinsurance and insurance-linked securities (ILS) fund capacity at its 2015 reinsurance renewal, in another example of the continued penetration of ILS capital.

Specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners LLP has reached a new milestone, passing the $2 billion of assets mark to reach $2.0077 billion, while at the same time seeing the synergies with parent Amlin grow.

Here are the ten most popular news articles, week ending 23rd 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.

Abundant insurance and reinsurance market capacity, assisted by the influx of alternative capital, coupled with a lack of large loss events, has contributed to a decline in global insurance rates for the ninth quarter running, according to analysts at Marsh.

As insurance and reinsurance companies in the Asia Pacific region look to strengthen resilience to disasters, there is an expectation that the catastrophe bond will increasingly feature as regional re/insurers leverage alternative sources of risk capital.

First-half 2015 insurance and reinsurance company registrations in Guernsey show that the domicile continues to have success in attracting collateralised reinsurance, ILS and longevity risk transfer related protected and incorporated cell business.

In a reminder that catastrophe claims are not always settled rapidly and that it can take some years before the final insurance industry loss and impact to reinsurance markets is clear, IAG has revealed another deterioration in its loss due to the 2011 Canterbury, New Zealand earthquakes.

Cities in the Asia-Pacific region will become the dominant source of global insured windstorm exposure by the year 2070, as rising asset values, growing insurance and reinsurance penetration and rising populations in tropical storm hot spots change the risk landscape.

In the current soft reinsurance market environment, some reinsurers have been relying on prudent reserving and timely releases of capital to protect or enhance their profits. But with major losses remaining absent from the market, dwindling reserves could come back to bite.