Archive for April, 2019

The countries and territories of the Western Balkans region are highly vulnerable to the majority of natural catastrophe events, underlining the need for increased awareness of the capabilities of various sources of risk financing, including the catastrophe bond and insurance-linked securities (ILS) space.

Specialist non-life insurance and reinsurance legacy investor and program manager Randall & Quilter (R&Q) Investment Holdings is says third-party capital structured through sidecar like arrangements could help it to finance larger run-off deals.

Here are the ten most popular news articles, week ending 28th April 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.

Insurance and reinsurance broker Aon has had a good first-quarter in terms of insurance-linked securities (ILS), catastrophe bonds and other capital markets related reinsurance transactions, reporting double-digit year-on-year growth.

Zurich headquartered insurance and reinsurance linked specialist investment fund manager Twelve Capital has taken a just over 3% equity stake in UK retirement income and insurance product provider Just Group plc.

The Lloyd’s of London insurance and reinsurance market is set to be a focus in the coming days, with a new strategy and reform agenda set to be revealed in the awaited “Prospectus” that’s due to be published next week.

Commercial property insurance rates are broadly firming, with rate increases seen even on loss free accounts, while catastrophe loss exposed accounts are experiencing increases of 15%  and higher.

With a bill designed to reform assignment of benefits (AOB) having passed the Florida Senate this week, already discussions are turning to how the market impact will be quantified and whether it will reduce reinsurance pricing.

Results announced this morning by global reinsurance firm SCOR confirm the loss creep trend we’re expecting to see from Japanese typhoons Jebi and Trami, as the company revealed a EUR 53 million hit to profits.

When the roof of Notre Dame Cathedral in Paris caught fire recently perhaps the last thing thought of was potential exposure for the insurance-linked securities (ILS) market. But it’s becoming clear there is a small chance some specialty lines ILS positions could be threatened by the fire.