Archive for September, 2015

Cyclical changes in the global reinsurance sector; underlined by a supply/demand imbalance, lower cessions and a wave of competition, suggests that the impact of a significant loss event would likely be restricted to one or two renewals, says JLT Re.

The third insurance industry loss estimate for European windstorms Mike & Niklas has been released this morning by PERILS AG and it sees the estimate reduced by almost 8% to €826m, taking it below the initial loss estimate.

Political will and the role of governments is an obstacle that makes it harder for the insurance, reinsurance and ILS industry to effectively begin to narrow the protection gap, according to a Swiss Re representative.

A recent study from the IFRC echoes views that the severity and frequency of weather and climate-related disasters is on the rise, underlining a trend which presents both challenge and opportunity to the insurance and reinsurance sector.

With the soft re/insurance market cycle ongoing, exacerbated by ample capacity, a supply/demand imbalance and benign loss activity, industry experts have discussed whether the reinsurance cycle has as much of an influence on the market today as in the past.

Karen Clark & Company (KCC) has announced the release of a new update to its RiskInsight® open loss modeling platform, which will “make it easier for model builders to create high resolution probabilistic catastrophe models reflecting their own knowledge, expertise and views of risk.”

A potential bright spot for reinsurers has been highlighted by global reinsurance company SCOR, which is expecting to see an increased and new demand for capacity from some of its larger, global clients, as the implementation of Solvency II approaches in early 2016.

Here are the ten most popular news articles, week ending 27th September 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.

Typhoon Dujuan is currently a strong category 4 storm which is on the verge of achieving super typhoon status and is forecast to make a direct hit on Taiwan late Monday local-time as a strong category 3 storm.

Increased merger and acquisition (M&A) activity, deal value and deal size during the first-half of 2015, highlights a return of the ‘mega deal’, but what implications might market consolidation have for alternative reinsurance capital and ILS participants?