Archive for June, 2017

The targeted maximum size for the catastrophe bond issuance that will transfer risk for the World Bank designed Pandemic Emergency Financing Facility (PEF) has dropped slightly to $350 million through the International Bank for Reconstruction and Development issued IBRD CAR 111-112 capital at risk notes.

The final pricing for Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd’s Northshore Re II Ltd. (Series 2017-1) catastrophe bond transaction has now been fixed at a level below the initial guidance range.

The private U.S. property & casualty insurance sector has suffered the most costly first-quarter for catastrophe losses since the 1994 Northridge earthquake this year, with $7.3 billion of catastrophe claims helping to lower its net income for the quarter by 42.2%.

Further disruption is coming to the insurance and reinsurance industry, with advances in technology set to stimulate a shift to some form of trading and placement of new classes of risk more directly with alternative capital and ILS investors, a shift that could be driven by InsurTech efforts both inside and outside of the ILS […]

The catastrophe bond issuance launched to back the World Bank designed Pandemic Emergency Financing Facility (PEF) is now targeting up to $400 million of parametric risk transfer coverage through the International Bank for Reconstruction and Development issued IBRD CAR 111-112 capital at risk notes.

Here are the ten most popular news articles, week ending 25th June 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.

A new report published by rating agency Standard & Poor’s suggests that reinsurance firms may be looking at the state of the market with a sense of deja vu, as they realise they face another year of declining reinsurance rates.

The price guidance for Bermuda-headquartered specialty insurance and reinsurance firm AXIS Capital Holdings Ltd’s Northshore Re II Ltd. (Series 2017-1) catastrophe bond transaction has been reduced again, reflecting the continuing strong investor appetite for new issues.

Cartesian Re, the reinsurance and ILW focused investment management unit sponsored by global private equity investment firm Cartesian Capital Group, LLC, is expanding its access to investors using a multi-pronged approach including a new Luxembourg domiciled fund, a U.S. mutual fund and a Bermuda listed vehicle.

Today we’re delighted to announce the full agenda for our upcoming ILS Asia 2017 conference, which is being held at the Marina Bay Sands complex in Singapore, on the 13th July. There are a few tickets still remaining, so please register to attend today.