Archive for December, 2015

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ILS fund managers see varied reinsurance renewal conditions

A number of the world's leading ILS fund managers have said that they saw a wide variation in reinsurance renewal conditions for January 2016, ranging from disciplined in the United States, to somewhat "crazy" in Europe.According to ILS Advisers, the ILS advisory and management firm behind the Eurekahedge ILS Advisers read the full article →

Reinsurance renewals see price stabilisation hopes dashed: Willis Re

The hopes that reinsurance prices would stabilise at the key January 2016 reinsurance renewals have been dashed, according to broker Willis Re, with further price declines seen across the bulk of the market.Speaking to the FT today in advance of its main renewals report being published next week, Willis Re read the full article →

ILS investment case remains strong, despite lower returns: Mercer

The investment case for the insurance-linked securities (ILS) asset class remains strong due to the diversification benefits ILS offers to a portfolio, despite the lower returns available throughout the reinsurance market, according to Mercer.Consultants at global investment service provider and advisory Mercer continue to push ILS and reinsurance linked investments read the full article →

UK storms Desmond & Eva loss estimate up to £1.2bn ($1.8bn): PwC

Consultancy PwC has raised its estimate for the insurance and reinsurance industry loss from flooding  and damage experienced in the UK from windstorms Desmond and Eva up to £1.2 billion ($1.8 billion), while storm Frank hitting the UK today will raise the toll further.Mohammad Khan, general insurance leader at PwC, read the full article →

Some European renewals aggressively priced below expected loss

According to sources in both the insurance-linked securities (ILS) and traditional reinsurance markets, some of the European property catastrophe reinsurance programs coming up for renewal at 1st January 2016 are aggressively priced, with indications at levels below expected loss.This trend was witnessed at other recent reinsurance renewals, with European property read the full article →

UK flood loss estimates rise to £1.5bn, Flood Re expansion called for

Estimates of insurance and reinsurance industry losses from the recent UK flooding caused by storms Desmond and Eva are rising, with KPMG suggesting re/insurers should expect a £1.5 billion ($2.23 billion) hit.At the same time as estimates rise the calls are beginning to come in for the UK flood reinsurance read the full article →

U.S. severe weather & thunderstorms to take losses above average: Aon

The recent outbreaks of severe weather in the U.S., which has featured severe thunderstorms, tornadoes, heavy snow, ice and flooding, will result in economic losses of over $1 billion and take the economic loss total from severe thunderstorms to above average for 2015.Aon Benfield's catastrophe risk modelling unit Impact Forecasting read the full article →

Life reinsurance market may begin to favour more ILS participation

Conditions in the life reinsurance market may begin to favour more participation from alternative capital and insurance-linked securities (ILS) managers and funds, as the consolidated market heightens concerns about counterparty concentration.In recent years the life reinsurance market has been dominated by a few very large global reinsurance players and a read the full article →

UK flood insurance industry losses could hit £1bn ($1.5bn): PwC

The United Kingdom continues to suffer from severe flooding, with the latest areas hit being Lancashire and Yorkshire, while impacts are still being felt in Cumbria. The insurance and reinsurance industry could end up paying for as much as £1 billion ($1.5 billion) of the costs, according to PwC.PwC's new read the full article →

Best of Artemis, week ending 27th December 2015

Here are the ten most popular news articles, week ending 27th December 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 27th December 2015: Reinsurance read the full article →