Archive for February, 2018

Bermuda domiciled insurance and reinsurance firm AXIS Capital Holdings Limited has been steadily building on its relationships with third-party capital providers, or strategic capital partners as it calls them, resulting in the firm ceding nearly $500 million of premiums to them in 2017.

A $10 million LI Re (Series 2016-2) private catastrophe bond that was issued by German reinsurance firm Hannover Re’s segregated accounts vehicle Kaith Re Ltd., has been matured early and its notes have been delisted as a result.

The establishment of the World Bank’s capital-at-risk notes program almost four years ago set the foundation for continued innovation and expansion, as the organisation looks to “push the boundaries” of insurance-linked securities (ILS) market risks, according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury.

Insurance-linked securities (ILS) investors responded to 2017 catastrophe events with growth and optimism and further expansion is expected throughout 2018, with InsurTech offering some potential, according to Bill Dubinsky, Managing Director and head of ILS at Willis Towers Watson Securities (WTWS).

Kane LPI, a specialist firm providing fund administration and related services to the international Life, Pension & Investment sector, including to some insurance-linked securities (ILS) funds, has hired Alain Fournier as Head of Kane LPI Fund Administration Services.

Private nuclear liability risk insurance-linked securities (ILS) transactions have been expanded and upsized for 2018, Artemis understands, as corporate nuclear power operators show increasing comfort with tapping ILS markets for direct insurance coverage.

Reinsurance rates at the January 1st 2018 renewal season may be as good as it gets, with pricing levels seen as a “ceiling” rather than a “floor” by analysts, who suggest that if the mid-year renewals see price increases at a level with the start of the year reinsurers should be satisfied with the outcome.

Here are the ten most popular news articles, week ending 18th February 2018, 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 magnitude 7.2 earthquake that struck southwest Mexico in the Oaxaca region, causing buildings to sway in the capital Mexico City over 200 miles away, has hit directly within the parametric trigger zones for the recently issued World Bank supported IBRD CAR 118-119 catastrophe bond, but the magnitude is unlikely to be high enough to […]

French insurance and reinsurance carrier AXA is not renewing its property catastrophe bond for 2018, as the firm currently finds traditional reinsurance pricing more attractive and sees the costs of sponsoring cat bonds, both financially and in terms of effort, as high.