Archive for July, 2017

Risk modelling firm AIR Worldwide has released what it calls the first severe thunderstorm risk model for Australia that captures the three main sub-perils of tornado, hail and straight-line winds, a move that will help insurance, reinsurance and also ILS fund managers to better assess and manage risks in Australia.

With alternative capital deployed across insurance and reinsurance markets having grown by 6% to $86 billion from the end of 2016 to the end of Q1 2017, it is clear that around the key reinsurance renewal period of January 1st it was collateralized reinsurance that was king, accounting for the lions share of the market’s […]

The target size of the recently launched IBRD / FONDEN 2017 multi-peril catastrophe bond, which will secure a source of reinsurance risk transfer for Mexico’s Fund for Natural Disasters (El Fondo de Desastres Naturales), has been increased by 24% with the deal now expected to result in issuance of up to $360 million of notes.

Here are the ten most popular news articles, week ending 23rd July 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.

Swiss Re Corporate Solutions, the large primary commercial insurance arm of the global reinsurance player, has launched an innovative new parametric insurance product designed to protect Hong Kong businesses against business interruption caused by typhoon warning related shutdown.

Despite catastrophe bond and insurance-linked securities (ILS) issuance breaking records in 2017, with H1 issuance reaching a staggering $9.761 billion, growth remains “one-dimensional” and entering new lines of business is a top industry priority, according to Tom Johansmeyer, Assistant Vice President (AVP), PCS Strategy and Development.

The expanding insurance-linked securities (ILS) sector has an opportunity to participate in the cyber risk transfer space, but for true market development improved modelling and pricing metrics are required, according to AIR Worldwide’s Florian Heimann.

German reinsurance giant Hannover Re has gained an interesting new business arm with the completion of its acquisition of Lloyd’s of London focused player Argenta Holdings today, as it now takes ownership of Argenta Private Capital which helps investors to access the returns of Lloyd’s underwriting business.

Another new private catastrophe bond, or cat bond lite, transaction has been completed, issued and listed in Bermuda using the Artex SAC Limited ILS Note Program II, in the form of $8.311 million of Artex SAC Limited – Series EX Notes.

The UK government has published its finalised regulations that it says “introduce a competitive regulatory and tax regime” for insurance-linked securities (ILS) business and will help to ensure that the country remains “at the forefront of the global reinsurance market.”