Archive for May, 2016

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Discipline will drive ILS investor, reinsurer convergence: Niklaus Hilti

Features of the insurance-linked securities (ILS) asset class have attracted a sophisticated investor base that’s sought to cease margin compression in recent times, and should reinsurers follow suit it would signal true market convergence, according to Niklaus Hilti.Following persistent margin reductions in the ILS space between 2011 and 2014, spreads read the full article →

Sequant Re receives new investment from Premier Diversified Holdings

Bermudian specialist collateralized reinsurance and insurance-linked securities (ILS) investments firm Sequant Re has received a new investment in its holding company, Sequant Re Holdings Limited, from its largest backer Premier Diversified Holdings Inc. (PDH).Premier Diversified Holdings Inc. (PDH) acquired 200,000 common shares of Sequant Re Holdings Limited on the 27th read the full article →

Rising P&C combined ratios, rising reinsurance losses & demand?

Verisk Analytics division, ISO, has reported that the combined ratio for private U.S. property and casualty (P&C) insurers deteriorated further in 2015, a trend that could manifest itself in greater losses for reinsurers, but that might also stimulate increased demand for reinsurance capacity.The combined ratio for U.S. P&C insurance companies read the full article →

Blue Halo Re 2016 cat bond launched for Allianz Risk Transfer

One of the world's largest insurance companies is returning to the catastrophe bond market for the first time since 2013, as a $150m Blue Halo Re Ltd. (Series 2016-1) cat bond is launched to benefit sponsoring Allianz Risk Transfer, a unit of the Allianz global insurance group.The last time we read the full article →

Sompo Japan to launch parametric volcanic risk insurance

One of the largest Japanese domestic insurers, Sompo Japan Nipponkoa Insurance, is planning to offer travel or tourism companies and other potentially affected industries a parametric insurance product that pays out on a heightened threat of volcanic eruption.The parametric volcanic eruption insurance will payout based on the Japan Meteorological Agency read the full article →

Risk modellers respond to ILS investor needs: Ben Brookes, RMS

The growth of the ILS market in recent times has seen the needs and demands of investors in the space change, which has driven a need for risk modellers to respond to the evolution of the marketplace, according to Ben Brookes, Vice President of Capital Markets at RMS.Despite a reported read the full article →

TSR ups 2016 hurricane forecast to above normal, NOAA says average

Tropical Storm Risk (TSR), one of the leading forecasters of Atlantic seasonal hurricane activity, has updated its prediction for the 2016 Atlantic Hurricane Season, saying it now expects an above average level of activity. Meanwhile, NOAA has forecast a near normal season in 2016.Back in April TSR, which is supported read the full article →

Best of Artemis, week ending 29th May 2016

Here are the ten most popular news articles, week ending 29th May 2016, 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.19 speakers and panelists have now been revealed, and we have more read the full article →

Weather Risk Management Association (WRMA) announces officers & board for 2016-2017

The Weather Risk Management Association (WRMA), a global trade organisation with a focus on promoting the weather risk management industry, has revealed that it’s appointed new board members and officers for the 2016-2017 year, at its 2016 annual meeting in Miami, Florida.Elected to the organisations Board of Directors for two-year read the full article →

Aeolus, Elementum, Nephila (and ILS) among largest Florida writers

The alternative reinsurance capital and insurance-linked securities (ILS) market plays a vital role in providing Floridian primary insurance companies with much-needed peak property catastrophe coverage and ILS investment managers are at the heart of providing stability to the Florida insurance market.Leading the charge in 2015, according to Fitch Ratings, are read the full article →