Archive for June, 2018

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, has been confirmed as investing in a significant chunk of pension risk transfer specialists Pension Insurance Corporation (PIC).

An initial public offering (IPO) could be on the cards for Watford Re, the third-party capital backed total-return reinsurance venture part-owned by Bermudian specialist re/insurer Arch Capital and asset manager Highbridge Principal Strategies, as its parent holding company said it was evaluating options for a listing.

A new private catastrophe bond transaction has been completed, in the form of an $84 million Florida hurricane exposed Market Re Ltd. (Series 2018-1) deal, which has been structured and placed by the Jardine Lloyd Thompson Capital Markets (JLTCM) insurance-linked securities (ILS) structuring and issuance team.

It’s crucial the insurance-linked securities (ILS) market learns from the impacts of 2017 catastrophe events, but despite the losses, the outlook for the ILS asset class is stronger than it has been for some years, according to Zurich headquartered insurance and reinsurance linked investment manager, Twelve Capital.

There’s opportunity for insurance-linked securities (ILS) capacity to grow dramatically into other areas, and while investor response to 2017 events shows they clearly remain attracted and committed to the space, increased manager transparency would be welcomed, according to a report from Clear Path Analysis.

Tony Belisle, the Chief Executive Officer of Markel CATCo Investment Management Ltd., has sought to demonstrate his alignment with investors in his firms stock exchange listed retrocessional reinsurance ILS fund strategy by acquiring 1.5 million shares across all classes.

A shallow earthquake has struck the Osaka region of Japan this morning, causing three deaths and 200 injuries. The quake was originally measured at M6.1 but the USGS subsequently downgraded it to M5.3, but the fact it was shallow meant shaking was seen to be severe, causing damage to buildings and stopping operations at factories.

Here are the ten most popular news articles, week ending 17th June 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.

Pierre Michel, the General Manager for Reinsurance and International Operations at Covea Group, recently hailed insurance-linked securities (ILS) as a natural diversifier of its reinsurance capacity, following the firm’s first catastrophe bond issuance.

Artemis understand that there are a number of new efforts to use the UK’s ILS regulatory regime underway, with a range of transactions mooted and being explored or actively worked on currently. At the same time the UK regulator has noted the importance of ILS to the UK’s competitiveness.