Archive for August, 2016

Demand for longevity reinsurance and risk transfer among UK life insurers could rise, as their Solvency II ratios have fallen in the wake of lower investment yields and the fallout from the Brexit vote.

The Blue Capital Global Reinsurance Fund, the London and Bermuda stock exchange listed reinsurance linked investment and ILS fund, has increased its premiums written and acquired more retrocessional protection in the first-half of 2016, but suffered from $7.6m of catastrophe losses.

U.S. mutual fund and insurance-linked securities (ILS) investment manager Stone Ridge Asset Management is seeking to consolidate two of its insurance and reinsurance linked mutual funds into the same strategy.

Reinsurance company operating results suffered a “steep decline” in the first-half of 2016, according to Fitch Ratings, as return on average common equity (ROAE) plummeted by 36% compared to the same period in the prior year.

Here are the ten most popular news articles, week ending 28th August 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.

Pricing in the London Market continues to be under significant pressure across most business lines, so much so that rate adequacy concerns are increasing in offshore energy property, marine cargo and even casualty lines, according to PwC.

Fitch Ratings has estimated that Italian insurers will only face a loss of between EUR100m and EUR200m, with reinsurance capital paying for the majority of claims, from this weeks magnitude 6.2 earthquake, far below the estimated figure of an $11 billion economic loss.

In an effort to offset some of the negativity in the soft global reinsurance marketplace, companies are increasingly looking to enter new and diversifying business lines where the wealth of third-party capital is yet to have a meaningful impact, according to A.M. Best.

All eyes in Florida and the Gulf Coast states will be on Invest 99L, a strong tropical low that is currently tracking west-north-west between Cuba and the Bahamas towards Florida, could develop into named tropical storm Hermine and which is forecast to pass into the Gulf of Mexico.

An early estimate from the Italian Civil Protection Department suggests that this weeks devastating earthquake in Italy, near the Umbrian town of Norcia, could result in economic losses of around $11 billion, but the insurance and reinsurance market loss will be significantly lower.