Archive for January, 2019

Global reinsurance firm Swiss Re has established a new European entity in Luxembourg named Swiss Re Capital Markets Europe, S.A. to ensure it has trading continuity for derivative contracts in the weather and energy risk transfer space, as well as ILS instruments, after Brexit.

Hiscox Re ILS deployed capacity into the recent renewal of the Philippines sovereign parametric disaster insurance facility, adding to the amount of third-party capital now backing this risk transfer program.

The CEO of insurance giant Zurich hopes that 2019 will see a more balanced marketplace, in terms of capitalisation, resulting in less inflows of new capacity that could dampen pricing.

The much-discussed slowdown in insurance-linked securities (ILS) capital and collateralized reinsurance or retrocession capacity growth of recent months is expected to be merely a temporary blip, according to some of the rating agencies.

Here are the ten most popular news articles, week ending 27th January 2019, 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.

U.S. primary insurer Travelers would have benefited from a full recovery under its new $500 million aggregate reinsurance treaty in each of the last two years, has the coverage been in place.

Property Claim Services (PCS) is set to expand its range of industry loss data aggregation and index reporting services to include non-marine catastrophe losses in Japan, in response to demand from its client base. PCS provides estimates on catastrophe losses in a number of regions around the world, as well as specialty lines loss aggregation […]

The Tubb’s wildfire which burned California in October 2017 was not ignited by equipment from Pacific Gas & Electric Co’s (PG&E) or any other utility provider, hence this particular fire cannot trigger liability claims from the insurance and reinsurance backing the firms. The Tubb’s wildfire burned the Sonoma and Napa county and wine region of […]

Global reinsurance broker JLT Re has said that as much as $20 billion of alternative reinsurance capital was trapped at the January 1st 2019 renewals, contributing to a slowdown in new capital inflows. After the impacts of 2017 catastrophe events on the reinsurance market, there were fears of ILS capital scarcity at the January 2018 […]

Aetna, the health, medical and benefits insurance arm of CVS Health, has successfully completed its latest and tenth trip to the catastrophe bond and insurance-linked securities (ILS) market for collateralized reinsurance, with its $200 million Vitality Re X Ltd. (Series 2019) deal.