Archive for January, 2019

United Insurance Holdings (UPC Insurance) has extended the terms of its current 20% catastrophe quota share reinsurance arrangement to run until June, while renewing its catastrophe aggregate and other reinsurance arrangements at the renewals.

Here are the ten most popular news articles, week ending 6th January 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 January 2019 renewal of reinsurance and retrocession contracts was not a flat affair for everyone, as our sources suggest that those who held the line on pricing were rewarded with better rates and have in some cases built portfolios that promise higher returns as a result.

The insurance-linked securities (ILS) market is facing a more comprehensive test after higher returns did not appear after the 2017 catastrophe losses and now rate increases have failed to materialise at the January 2019 reinsurance renewals, according to Willis Re.

Hannover Re has continued its prolific level of private catastrophe bond activity around the reinsurance renewals with the completion and issuance of another two Seaside Re cat bond lites amounting to $40 million in the first week of January.

Resilience Re Ltd., the private catastrophe bond issuance platform owned and operated by insurance and reinsurance broker Willis Towers Watson, has completed its first issuance of the new year, with an issuance of $88 million zero coupon Resilience Re Ltd. (Series 1912A) notes.

Experienced insurance-linked securities (ILS) investor Dutch pension fund manager PGGM and global reinsurance firm Munich Re have now completed what appears to be the rest of their 2019 Leo Re Ltd. private sidecar arrangement, with another $380 million tranche of notes issued.

The total number of catastrophe bonds and insurance-linked securities (ILS) listed on the Bermuda Stock Exchange (BSX) hit 302 at the end of 2018, representing a combined value of $30.92 billion, a new high for the Exchange.

Alternative reinsurance and retrocession capacity from the insurance-linked securities (ILS) and related collateralized markets is estimated to have remained flat at $91 billion at the end of 2018, while traditional reinsurance capacity rose slightly.

With less than one month to go until our February 1st 2019 insurance-linked securities (ILS) event in New York, Artemis ILS NYC 2019 we’re delighted to announce the latest speaker additions to the roster.