Archive for January, 2019

Walkers Bermuda, a full service commercial law firm based on the island, has hired Sarah Demerling as a new Partner, bringing additional experience in insurance-linked securities (ILS) and reinsurance to the firm.

Pool Re, the UK government-backed mutual terrorism reinsurance facility, is bringing the first standalone terrorism risk catastrophe bond to market to tap the capital markets for retrocession, in a £75 million ($97m) Baltic PCC Limited (Series 2019) transaction.

The recently renewed Philippines parametric natural disaster insurance cover was completed at $390 million in size, around double the prior year, and the World Bank has confirmed that work is underway to issue a catastrophe bond to extend disaster protection for the country.

Here are the ten most popular news articles, week ending 13th 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.

Catastrophe bond losses from the 2017 hurricanes and catastrophes have been seen to be rising over the last quarter of 2018, as continued loss creep and aggregation raises investor expectations for the eventual loss bill the sector will face.

Longer-term investors in insurance-linked securities (ILS) and reinsurance linked assets are expected to remain committed to the sector despite the impact of losses over the last two years, with a resumption of ILS market growth anticipated once recent losses have been digested.

Reinsurance firm Swiss Re continues to expand its parametric risk transfer activities, this time with the launch and backing of the first county-level natural catastrophe index insurance product in China.

Insurance-linked securities (ILS) and insurance-linked investments (ILI) in general have been identified as an example of a Sustainable Development Investment, according to experienced ILS investors Dutch pension fund manager PGGM and pension PFZW.

A third protected cell company has been registered and authorised under the UK’s Risk Transformation Regulations 2017, Artemis has learned. Fuchsia Capital PCC Ltd. is lined up for use as a UK insurance-linked securities (ILS) vehicle, with the sponsor said to be re/insurer Beazley.

Bermuda headquartered insurance and reinsurance firm Arch Capital Group has estimated that catastrophes during the fourth-quarter of 2018, including hurricane Michael and the California wildfires, will cost it up to $130 million net of reinsurance and retrocessional recoveries.