Archive for November, 2016

Reinsurance capital looks set to pay for some of the damage caused by this weeks earthquakes in New Zealand, with local insurers having low deductibles and the EQC likely to call on its program as well, but questions of how many events have occurred could complicate matters, as could supply chain interruption.

Microsoft Corp. has revealed that it was a buyer in the first transaction to use the innovative wind farm weather hedging revenue product created by Allianz Risk Transfer (ART) with the help of Nephila Capital.

The diversification offered and uncorrelation achieved in the insurance-linked securities (ILS) space, and its record of paying claims suggests the capital markets won’t be leaving the reinsurance industry anytime soon, according to Michael Popkin, Managing Director and Co-Head of ILS at JLT Capital Markets (JLTCM).

Fairfax Financial Holdings Limited, the parent company of specialty insurer and reinsurer OdysseyRe, in its Q3 earnings release, has highlighted the benefits that efficient reinsurance capital provides in mitigating the impact of catastrophe losses on OdysseyRe’s operations.

Reinsurance brokerage and risk/capital management firm, TigerRisk Partners LLC, has hired industry veteran Patrick J. Denzer as a Partner with a focus on client management and strategic development.

Bermuda domiciled specialty insurance and reinsurance provider, Argo Group International Holdings, Ltd., has announced the acquisition of re/insurer Ariel Re for approximately $235 million in cash as it looks to advance its strategic plan.

Some of the larger pension funds and sovereign wealth funds that are already investing in insurance-linked securities (ILS) and other reinsurance linked investments are keen to increase their allocations to the space, but waiting for the right time.

Here are the ten most popular news articles, week ending 13th November 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.

A magnitude 7.8 earthquake struck New Zealand on Sunday, late at night local time, causing a tsunami warning and was followed by a number of major aftershocks. The earthquake struck around 95km from Christchurch but shaking has been widely experienced including in Wellington.

Chief Executive Officer (CEO) of Validus, Ed Noonan, has warned that it could take time for the reinsurance industry to recapitalise after a major industry loss event, the type of which could seriously disrupt the retrocession marketplace.