Archive for January, 2017

Catastrophe bond issuance during 2016 was dominated by aggregate coverage, a trend that has continued into 2017, and for the first time in the market’s history more of the outstanding market features aggregate coverage than per-occurrence, according to the Artemis Deal Directory.

Espen Nordhus, Chairman and co-founder of specialist insurance-linked securities (ILS) investments manager, Securis Investment Partners, in an interview with Artemis, recently discussed certain aspects of the ILS market landscape.

The terrorism protection gap is now larger than ever and expanding all the time, underlining the need for innovative and effective solutions, with the insurance-linked securities (ILS) space a logical evolution, says Pool Re Chief Executive Officer (CEO), Julian Enoizi.

Welcome to the second Artemis ILS Bermuda Executive Roundtable, in which our participants explore a variety of challenges and opportunities for the sector as it continues down its impressive growth path in Bermuda, and beyond.

Alternative capital remains one of the key pressures facing the reinsurance industry, according to analysts at UBS, albeit that overall the cyclical pressures reinsurers face have reduced slightly.

The soft reinsurance market environment, that remained favourable to buyers at the January 1st 2017 renewal season, has encouraged reinsurers to innovate structures and products from both the traditional and alternative space, says reinsurance broker JLT Re.

Israel’s second largest independent investment management group, IBI Investment House, has teamed up with ILS portfolio manager Roman Muraviev to launch IBI ILS Partners Ltd., the first insurance-linked asset manager to be based in Tel-Aviv.

At $54 billion global insured catastrophe losses in 2016 were the highest since 2012, driven by earthquakes, severe weather, flooding, and tropical cyclones, according to Impact Forecasting, the catastrophe risk-modelling unit of reinsurance broker Aon Benfield.

Global insurance player Zurich has completed another longevity swap transaction, helping a smaller UK pension plan to cover £300 million of its longevity related pension liabilities, with SCOR providing the reinsurance capacity to back the deal.

Insurer and reinsurer XL Catlin has appointed a new global head of ceded reinsurance placements, naming Anne Middleton to a role that will see her responsible for reinsurance program terms, structure and pricing.