Archive for May, 2018

The Florida Hurricane Catastrophe Fund (FHCF) is expected to target a renewal of its $1 billion layer of reinsurance coverage at the mid-year, but the attachment point of the layer is expected to drop down as the Fund arranges its financing after the impact of hurricane Irma last year.

Mike Brooks, head of diversified multi-asset strategies at major investment manager Aberdeen Asset Management, has underlined the attractiveness of investing in the insurance-linked securities (ILS) space, particularly as a way to secure diversified returns during financial market volatility.

Global broker and risk consultancy Marsh has launched PathogenRX, an insurance product designed to protect businesses against pandemic risks such as the outbreak of infectious diseases, that utilises a parametric trigger provided by epidemic risk modeling specialists Metabiota and capacity from reinsurance giant Munich Re.

Here are the ten most popular news articles, week ending 20th 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 inherent efficiency of an insurance-linked securities (ILS) placement reduces the ability of one or two large players to dictate price and terms, something that can be evident in syndicated traditional reinsurance transactions, and which Willis Towers Watson Securities says can work help to level the playing field between markets.

The worsening outbreak of the Ebola virus in the Democratic Republic of Congo may be considered an eligible event under the terms of the Class B pandemic swaps and pandemic catastrophe bonds that were issued by the World Bank to support the financing of the Pandemic Emergency Financing Facility (PEF).

The London-listed Blue Capital Alternative Income Fund, the stock exchange listed insurance and reinsurance linked investment strategy run by Blue Capital Management, a division of global re/insurer Sompo International, delivered an impressive 0.61% return in April 2018, a clear demonstration of post-event ILS return potential.

Zurich headquartered insurance and reinsurance linked investment fund manager Twelve Capital Management has completed its sixteenth private catastrophe bond transaction in the Dodeka series, with a $23.567 million Dodeka XIII deal which was listed on the stock exchange in Bermuda yesterday.

U.S. primary insurer Frontline Insurance, which has a significant coastal focus within its portfolio, is to tap the capital markets as a source of reinsurance through its first catastrophe bond issue, as the insurer sponsors a $350 million Frontline Re Ltd. (Series 2018-1) transaction.

Asset management giant Amundi Pioneer Investment Management is seeking to add a second share class to its expanding U.S. mutual fund insurance-linked securities and reinsurance linked investment strategy, the Pioneer ILS Interval Fund, which would help to broaden its appeal to investors.