Archive for December, 2017

Insurance and reinsurance linked investment fund manager Twelve Capital highlights that 2017 is a very different year for aggregate catastrophe bonds, as wildfire risks which typically only contribute a small amount of any cat bonds expected loss could be the peril that tips a number of transaction into paying out.

The impact on global reinsurance pricing that alternative, or third-party capital has had during its recent and impressive growth could be declining, as traditional market players have become more comfortable with the influential segment of the risk transfer space, according to industry experts.

Craig Wenzel, a well-known senior executive in the alternative reinsurance capital and insurance-linked securities (ILS) space, has departed from his current role at re/insurance giant XL Catlin to take up a position at private investment manager Gallatin Point Capital LLC.

Reinsurance renewal rates are likely to trail initial market expectations in January 2018, as the anticipation amongst reinsurers of major price increases have declined somewhat since the third-quarter reporting season, according to analysts at Keefe, Bruyette & Woods.

The southern California wildfires have now completely destroyed over 1,200 structures in the most recent December outbreaks, with another 350+ structures damaged. The largest and most damaging Thomas wildfire is still only 25% contained and weather remains conducive to burning, although the Santa Ana winds have lessened.

When this year’s major hurricane losses struck the insurance-linked securities (ILS) market, the last thing on most investors minds was the relative performance of their investment managers. But now, with the picture of the eventual loss clearing, many ILS investors will for the first time be able to compare their ILS manager with others in […]

Specialty insurance and reinsurance player and part of the Fairfax group Brit Ltd. has launched a new collateralised reinsurance vehicle, named Sussex Capital, which will write third-party business on a fully-collateralised basis and also assume risk from Brit’s syndicate at Lloyd’s.

The coupon spread for the €90 million Hexagon Reinsurance DAC (Series 2017-1) catastrophe bond issuance, sponsored by French mutual insurance society Covéa Group, has now been fixed at the bottom end of the already reduced price guidance range, according to sources.

Nasdaq inc. created the world’s first electronic share trading platform and stock exchange and is now among the largest providers of trading, clearing and exchange technology, so it’s intriguing to learn that the organisation is looking into new markets and that trading of reinsurance is one potential avenue of expansion.

Welcome to the third annual Artemis ILS Bermuda Executive Roundtable in which participants discussed a mix of challenges and opportunities for the sector as it continues to expand its remit and push for growth, on the back of an extremely active loss year for sponsors and investors.