Archive for May, 2017

The California Earthquake Authority (CEA) has now completed its latest catastrophe bond transaction, with the $925 million Ursa Re Ltd. (Series 2017-1) becoming the insurers largest capital markets risk transfer deal to-date. CFO Tim Richison spoke to Artemis about the deal and told us that the combination of size and price made the deal particularly […]

Catastrophe bond issuance in 2017 has already reached $7.14 billion, according to Artemis’ data, which means that the year’s deal volume has already overtaken the full-year 2016 issuance, helping the outstanding market achieve a new record size at $28 billion.

Analysis by catastrophe risk modeller AIR Worldwide for the Association of British Insurers (ABI) underlines the potential for increasingly costly European windstorms, driven by climate change and rising temperatures.

Head of the Chinese State Council, Premier Li Keqiang, has called for improved and broader disaster insurance protection for the country’s agricultural industry, which could bring a significant volume of new Chinese risk to the insurance, reinsurance and insurance-linked securities (ILS) markets.

Early Bird discounted ticket sales will soon end for our ILS Asia 2017 conference, which is being held on the 13th July 2017 in Singapore, so get yours now. Today we’re pleased to reveal the venue for our second annual conference in Singapore and can name some more of our speaker faculty.

An active April for catastrophe events and subsequent losses has seen United Insurance Holdings (UPC Insurance) eat into the retention beneath is aggregate catastrophe reinsurance, with another, roughly $10 million of losses likely to result in the firm utilising calling on its reinsurers.

The new $125 million MetroCat Re Ltd. (Series 2017-1) catastrophe bond from the New York Metropolitan Transportation Authority (MTA) has now been priced at a level below the middle of guidance and sources tell us the deal has not been upsized.

In its first two years of operation, the City National Rochdale Select Strategies Fund which has been launched as a U.S. 1940’s Act mutual insurance and reinsurance linked securities fund by a subsidiary of the Royal Bank of Canada, will target raising ILS assets under management of $500 million in its first two years of […]

With rates in the global property/catastrophe (P/C) space remaining under significant pressure insurance-linked securities (ILS) capacity is increasingly interested in specialty markets, such as energy. But with that market already facing a perfect storm of capacity, the pressure is only set to increase.

Blue Capital Management Ltd., the now Sompo Holdings owned specialist insurance and reinsurance investment manager, has had a motion approved by its shareholders which will see its stock exchange listed ILS fund renamed from the Blue Capital Global Reinsurance Fund Limited to the Blue Capital Alternative Income Fund Limited.