Archive for May, 2018

The level of industry losses faced by insurance and reinsurance interests after the impacts of sub-tropical storm Alberto in the United States is expected to be minimal, with catastrophe risk modellers Karen Clark & Company estimating that the insured impact will be close to $50 million.

Stephen Doherty, the Chairman of Speedwell Weather, a service provider to the weather risk management market, expects the wind hedging market to gain further momentum after steady growth in recent years, and, in a recent interview, told Artemis about the benefits of its sophisticated Windfarm Benchmarks.

The government of the Bahamas has signed back up to parametric insurance coverage from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) for the coming hurricane season, but on a restructured basis with the country divided into three regional zones.

The role of insurance-linked securities (ILS) and alternative reinsurance capital in paying catastrophe claims related to climate change is set to increase, as the insurance and reinsurance sector becomes increasingly aware of the climate risk it faces and turns to efficient capacity to help it offset them.

The discussions about a potential investment deal between reinsurance major Swiss Re and Japanese technology conglomerate and investor SoftBank Group have come to an end with no deal agreed, according to an announcement from the reinsurer today

Sub-tropical storm Alberto, the first named cyclone that has formed just in advance of the official start of the 2018 Atlantic hurricane season, is now approaching the Gulf Coast with sustained winds that have intensified to 65mph and is expected to make landfall in the Florida Panhandle.

Here are the ten most popular news articles, week ending 27th May 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 or get our email alerts for every article we publish.

The City of Miami Beach in Florida is looking into parametric triggers for insurance solutions to protect its revenue from taxes paid by the tourism industry, in recognition that weather, hurricanes and other crises such as the Zika virus outbreak have all had a significant impact on the City’s ability to make money.

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital has hired Dr. Jamie Rodney from his most recent role with broker Willis Re, to become the firm’s news Head of ILS Analytics.

The price guidance has been lowered for French reinsurance firm SCOR’s latest catastrophe bond the $300 million Atlas Capital UK 2018 PLC (Series 2018 ISPV 1), as demand from ILS investors looks set to result in another transaction pricing at the low-end of initial guidance for this first cat bond under the new UK regulatory […]