Archive for August, 2018

Super early bird tickets are now available for our next event in New York, Artemis ILS NYC 2019. The conference will be held on February 1st, 2019 and will bring ILS industry experts, investors and other parties from across the insurance, reinsurance and risk transfer space to the city for a day of forward-looking, thoughtful […]

Mergers & acquisitions between major insurance and reinsurance firms continue to drive consolidation and rating agency Standard & Poor’s explains in a new report that it sees M&A as just one of the ways traditional players are responding to the threat posed by ongoing reinsurance and capital markets convergence.

Hurricane Lane continues to track towards the Hawaii island chain as a category 3 storm this morning with sustained winds of up to 120 mph, some higher gusts and it remains the rainfall impacts that are most severe currently and any reinsurance or ILS market exposure is likely through aggregate contracts.

With FEMA having successfully tapped the capital markets for a mid-year 2018 transfer of risk from the National Flood Insurance Program (NFIP) through its first catastrophe bond, broker Craig Poulton of Poulton Associates, has said that while it’s a positive move, more granularity will ultimately benefit the market in time.

Japan is currently expecting a landfalling category 1 typhoon Cimaron to come ashore in eastern Shikoku over the next few hours, bringing sustained winds of just over 90 mph, higher gusts and an expectation of torrential rainfall and a flood threat along the storm’s path.

Arch Capital Group garnered significantly more capital market investor support for its latest and largest mortgage insurance-linked securities (ILS) transaction, with 26 investors backing its $653.3 million slice of collateralized mortgage reinsurance from the Bellemeade Re 2018-2 Ltd. transaction.

With the hurricane Irma related loss creep continuing to be experienced by the market, the number of insured claims counted by the regulator in Florida has reported another 8% rise in total insured losses from claims reported, now reaching almost $10.5 billion.

Hurricane Lane continues to track towards the islands of Hawaii as a major hurricane with sustained winds of 145 mph and higher gusts, but with a direct landfall unlikely it is the rainfall threat that is of greatest concern, with as much as $8 billion of property reconstruction values in the storm’s path.

The development of sophisticated catastrophe risk models has been integral to the growth of the insurance-linked securities (ILS) market, making it easier to understand and visualise risk exposures, roll up portfolios and identify insurance and reinsurance linked investment opportunities.

Industry loss warranty (ILW) pricing for Florida wind contracts and all natural perils has fallen in recent weeks, despite the fact that further ILW losses are expected after recent updates to insurance and reinsurance industry loss estimates for hurricane Irma.