Archive for May, 2016

Lloyd’s of London, the UK Met Office, and reinsurance broker Guy Carpenter are working together to establish the concept of an agriculture weather index that can be used for insurance in Southeast Asia, with a report on the initiative set to be launched in London later this year.

Aon Hewitt, the talent, retirement and health unit of insurance and reinsurance broker Aon, has hired experienced longevity risk expert Matthew Fletcher to its Risk Settlement Group from Hymans Robertson.

Welcome to our Artemis SIFMA IRLS Executive Roundtable 2016, in which our participants explore the potential for ILS features, structures and capacity to play a greater role in the evolving risk landscape and increase market efficiency.

The World Bank has launched the “first-ever insurance market for pandemic risk”, the Pandemic Emergency Financing Facility (PEF), which is designed to rapidly disburse capital in the event of deadly pandemics and will be backed by pandemic catastrophe bonds and reinsurance.

Here are the ten most popular news articles, week ending 22nd 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.

Endurance Specialty Holdings is focused on creating a strong alignment between itself and the operations of ILS and collateralized reinsurance fund manager Blue Capital, but would like to raise more third-party funds, according to CEO John Charman.

Payouts from Japanese domestic and foreign insurance companies for damage to dwellings from the earthquake that struck the Kumamoto region of Kyushu, Japan in April have already passed $1.13 billion and are expected to rise much further.

Emerging markets are expected to be the next source of insurance premium growth through the next decade, with the majority of increased penetration occurring in Asian countries, according to reinsurance giant Munich Re.

The Fort McMurray, Canada wildfires continue to burn and have now spread beyond Alberta and into Saskatchewan, and as losses begin to be calculated the wildfires are now being called the largest wildfire insured loss in history.

Local Chinese news media reports that a launch of the Shanghai Insurance Exchange is edging ever nearer, with a reported 91 companies having agreed to contribute a combined $343 million (2.235bn yuan) of capital to launch the exchange.