Archive for May, 2017

Global reinsurance firm Swiss Re, with the assistance of local specialist insurer Taiwan Fire & Marine Insurance, has developed the first parametric aquaculture insurance solution covering fish farmers in Taiwan against extreme rainfall.

Reinsurance pricing is unlikely to change its course in 2017, with further declines in anticipated and the soft market environment likely to be prolonged as the bottom of the market remains elusive, according to Fitch Ratings.

Tenax Capital, a London based hedge fund founded by its CEO Massimo Figna, is about to launch its first ILS strategy, a UCITS compliant catastrophe bond investment fund.

As the market had expected, Brian Duperreault was named as the new Chief Executive Officer of insurer American International Group (AIG) today. At the same time AIG and Hamilton Re have announced a new agreement, that will enable AIG to use Hamilton as an “alternative source of reinsurance capital.”

A new catastrophe bond has been launched for the Massachusetts Property Insurance Underwriting Association (MPIUA), with Hannover Re acting as sponsor through its Hannover Rück SE entity. The Cranberry Re Ltd. (Series 2017-1) issuance targets a $250 million source of reinsurance for the MPIUA.

Reinsurance and retrocessional reinsurance linked investment management firm Markel CATCo Investment Management Ltd. is looking to raise new capital from investors to increase its available capacity for deployment at the mid-year renewals, as the manager sees opportunities with both existing and new counterparties.

The Texas Windstorm Insurance Association (TWIA) is returning to the catastrophe bond market for its third transaction, a $250 million Alamo Re Ltd. (Series 2017-1) deal, which again sees Hannover Re acting as the sponsor, but this time the cat bond will cover TWIA for losses from Texas severe thunderstorms for the first time, alongside […]

Here are the ten most popular news articles, week ending 14th May 2017, 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.

In reinsurance rating agency Standard & Poor’s expects that conditions are unlikely to change throughout the rest of this year, with results from the first-quarter of 2017 likely to be “fairly representative of how the year will play out” with prices remaining depressed and organic growth tepid.

The Council of Insurance Agents & Brokers (CIAB) has reported a continuation of rate declines in the commercial property & casualty (P/C) sector in Q1 2017, an area reinsurance and insurance-linked securities (ILS) capacity are increasingly adding pressure as they look to access risk more directly.