Archive for July, 2017

Here are the ten most popular news articles, week ending 9th 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.

The G20 group of nations, also known as the Group of Twenty and an international forum for government leaders and central bankers from 20 major economies, have been urged to seriously look at the role of climate insurance and risk transfer in helping to increase resilience to climatic events at their meetings in Hamburg this […]

Catastrophe bond issuance for 2017 now stands at $10.15 billion, according to data from the Artemis Deal Directory, the first time the cat bond market has ever seen a double-digit total and with almost six months left to run this year is set to eclipse all previous market records.

Global reinsurance giant Swiss Re has partnered with China’s Ping An Property & Casualty Insurance Company of China, Ltd to develop and deliver mobile-enabled parametric insurance protection against typhoons.

Reinsurance and insurance specialist Neon, a subsidiary of the Great American Insurance Group, has hired Chris Conway to its Bermuda property reinsurance team, an underwriter with experience of multiple capital structures, including collateralized, ILS and the hedge fund reinsurer strategy.

John Cavanagh will retire from his role as the CEO of reinsurance broker Willis Re at the end of 2017 and the company has announced that James Kent, currently global deputy CEO, will take over as the leader of the firm.

A series of intense hailstorms across the state of Texas in 2016 resulted in the highest annual losses ever recorded in the state from the peril, surpassing $5 billion, according to 2016 wind and hail loss data from the Texas Department of Insurance (TDI).

In a recent interview with Artemis, Victor Cardenas, a senior consultant in risk financing for climate change and natural disaster with specific expertise in the field of public sector entities, discussed various elements and complexities that require attention when considering public sector involvement in catastrophe risks.

Longevity reinsurance pricing is now back in synch following a period of dislocation as new mortality data continues to feed through into pricing, according to insurance and reinsurance broker, Aon.

When selecting an insurance-linked securities (ILS) investment size isn’t everything, and despite reduced returns in the space those that invest now will be in a good position to vary their allocation in the future, says Chris Parry, Managing Director, RenaissanceRe (RenRe) Ventures.