Archive for May, 2017

In an interview with Artemis, Founders of Ventus Risk Management, Stuart Mercer and George Reeth, discussed the MGA’s themes and goals in respect of the current ILS and broader re/insurance market environment.

Insurance industry losses continue to rise due to U.S. severe thunderstorms and convective weather, with the last week another that will result in minimally hundreds of millions being added to the insurance industry bill, according to Impact Forecasting, the risk analytics and modelling arm of reinsurance broker Aon Benfield.

The Peruvian government and the Ministry of Agriculture have chosen to expand the country’s El Seguro Agrario Catastrófico (SAC), or the Agricultural Catastrophe Insurance scheme, to include five more regions, with the launch of an international tender, according to reports.

Reinsurance Group of America has reinsured a $2.3 billion annuities portfolio for a subsidiary of Swiss insurer Zurich, helping Zurich to reduce risk and better manage its capital, by offloading the liabilities associated with this legacy book of annuities business using reinsurance capital.

Persistent and severe weather events in the U.S. so far in 2017 has seen large insurer Allstate’s estimated catastrophe losses surpass $1 billion, suggesting that some could be calling on their reinsurance protection as losses eat through retentions, possibly impacting insurance-linked securities capital (ILS), too.

Weather risk management, risk transfer, pricing, data, broking and structuring firm, Meteo Protect’s weather insurance platform has been launched by the National Union of Potato Producers (UNPT) of France, providing farmers with resilience against climate and weather-related risks.

The WannaCry cyber attack, also called WCry or Wanna Decryptor, that hit targets in at least 150 countries across the globe in the last week is an example of the kind of wide-ranging cyber risk exposure that the capital markets and risk transfer instruments in the insurance-linked securities (ILS) space could be a natural fit […]

The insurance industry loss from cyclone Debbie has continued to rise, with data from the Insurance Council of Australia (ICA) showing that almost AU$900 million of insured losses have now been recorded from 56,135 claims, an increase of 36% since the 11th April.

The continued high level of issuance in the primary catastrophe bond market in April 2017 continued to drive an increased level of trading activity in the secondary market, as investors and ILS funds looked to swap in and out of positions as they managed new issuance allocations and the flow of maturities as well.

PERILS AG, the Zurich based provider of catastrophe insurance data and industry loss indices, has released a new product, a catalogue containing the gust footprints for over 200 of the largest European windstorms from 1979 to 2015.