Archive for November, 2018

The 1% aggregate exceedance probability insured loss (also the 100-year return period loss) from catastrophe events around the globe is now estimated at almost $271 billion by risk modeller AIR Worldwide, the highest level the metric has ever been placed at.

Reinsurance, retrocession and insurance-linked securities (ILS) market sources expect rates to remain stable or even harden at the upcoming January 1st renewal season, as the loss experience and creep from 2017 catastrophes and the growing impacts from 2018 events look set to slow capital expansion across the sector.

Reinsurance contract modelling capabilities have been added to the Simplitium owned ModEx catastrophe risk modelling platform, which is an independent multi-vendor solution powered by open-source platform Oasis.

TigerRisk Capital Markets & Advisory has hired investment banking, mergers and acquisitions (M&A) veteran Stephen Fromm as Vice Chairman, in a role that will see him focused on insurance industry M&A, capital raising and strategic advice.

Specialist Lloyd’s focused insurance and reinsurance player Beazley is set to expand the size of its innovative Smart Tracker product to a stamp capacity of US $133 million for 2019, signaling demand for the product which sits as part of special purpose arrangement (SPA) syndicate 5623.

Here are the ten most popular news articles, week ending 25th November 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.

Integration of the latest findings in climate science into catastrophe risk modelling would increase its usefulness to society, while adopting a forward-looking approach involving climate change scenarios would also be beneficial, according to the Geneva Association.

The 2018 Global ILS Market Survey Report from re/insurance broker Willis Towers Watson, shows that for now, property catastrophe remains the dominant line of business and also the area viewed as the most attractive for future growth across the ILS sector.

Financial advisory business Alpha Growth plc said today that it has signed a joint venture agreement with established life settlements specialist SL Investment Management that will see the pair launching a new life settlements fund strategy.

The latest outbreak of California wildfires have now burned their way through more than 20,000 residential or commercial properties and minor structures and this is expected to result in economic losses of above $10 billion, if not much higher, according to broker Aon, with the majority expected to be insured.