Archive for December, 2016

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Horse Capital ILS to help manage loss ratio volatility: Generali

Assicurazioni Generali sees the successful acquisition of €255 million of fully collateralised reinsurance protection from the capital markets, through the recent Horse Capital I DAC motor third-party liability loss ratio ILS, as an example of capital markets support for its strategic optimisation of its capital allocation.Group Chief Financial Officer Alberto read the full article →

Reinsurance prices fall at 1/1 renewal, rates near technical levels: JLT Re

Reinsurance price declines continued at the key January 1st 2017 renewals, albeit at a moderating rate, as rates in the global industry get closer to technical levels, below which profitability is eroded completely, according to broker JLT Re.The broker said that "a degree of balance" was restored in global reinsurance read the full article →

Pioneer ILS Interval Fund hits $161.7m, returns 11.23% despite 2016 cats

The Pioneer ILS Interval Fund, U.S. mutual fund manager Pioneer Investments insurance-linked securities and reinsurance linked investment fund, continued to grow in the last quarter reaching $161.7 million in size, while returning an impressive 11.23% in its last reported year despite catastrophe event impacts.Pioneer Investments, a manager with around $245 read the full article →

2017 to be more challenging than 2016 in re/insurance: Kroll

Despite the fact that rate declines are expected to slow down at the January 2017 renewals and beyond, for the insurance and reinsurance market 2017 is likely to be even more challenging than the year we've just seen, according to Kroll Bond Rating Agency (KBRA).2016 has seen reinsurance market pressure read the full article →

Cat bond fund performance rises in 2016, highlighted by Oppenheimer

The Oppenheimer Master Event-Linked Bond Fund, LLC, a catastrophe bond focused investment strategy managed by Caleb Wong at OppenheimerFunds, has beaten its 2015 performance according to its latest annual report, returning 5.5% for the year to September 30th 2016.The majority of catastrophe bond investment funds have performed more strongly over read the full article →

Gator Re investors face loss as claims exceed attachment point

Qualifying reported claims covered by the Gator Re Ltd. catastrophe bond transaction have now passed the attachment point, Artemis has learned, with the latest loss report for the cat bond revealing an impact of over $195 million at the end of November.The attachment point for the Gator Re cat bond, read the full article →

Limestone Re notes from Liberty Mutual sidecar listed on the BSX

As part of the recent $160 million Limestone Re Ltd. multi-year collateralised reinsurance sidecar-like transaction from insurer Liberty Mutual $85 million of participating notes have been listed on the Bermuda Stock Exchange (BSX).Liberty Mutual announced the completion of its inaugural Limestone Re transaction on the 21st December, after the completion read the full article →

ILS a “historically significant diversifier” from financial markets: Taylor, Nephila

The once niche insurance-linked securities (ILS) asset class has matured into an influential part of the global reinsurance industry, helped by its solid performance during financial market turmoil and it’s ability to efficiently allocate capital. In a recent paper, Nephila Capital’s Laura Taylor highlighted such benefits of the space.At more read the full article →

Best of Artemis, week ending 25th December 2016

Here are the ten most popular news articles, week ending 25th December 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.Register now for our February 3rd 2017 ILS conference in NYC.Ten most read the full article →

If tested re/insurance fundamentals could deteriorate: A.M. Best

The potential for risk accumulation has never been greater for global insurers and reinsurers, and with reserves diminishing further and broader market pressures expected to persist, A.M. Best warns that industry fundamentals could start to weaken.The international insurance and reinsurance industry remains significantly challenging for all industry players, with low read the full article →