Archive for May, 2019

Outbreaks or severe and convective weather in the United States, including large hail, tornadoes and thunderstorms, are set to drive well over a billion dollars of losses to the insurance and reinsurance sector, according to Aon.

Vermeer Reinsurance Ltd., the latest joint-venture vehicle from RenaissanceRe that is backed by Dutch pension fund manager and significant ILS investor PGGM, has got off to a strong start at the beginning of 2019.

Currently, the insurance-linked securities (ILS) and broader reinsurance market environment provides long-term investors with a good entry point into the catastrophe bond market, according to Florian Steiger, a portfolio manager at Twelve Capital.

The upcoming Florida reinsurance renewals on June 1st are set to be challenging and late. Quoting has been slow to start, while both cedants and capacity try to gauge market dynamics, but the expectation remains that prices are certainly set to rise.

A new reinsurance vehicle launched by AXA XL is set to add capital efficiency to the company, as a type of internal reinsurance vehicle that will take certain segments of U.S. risk off its main balance-sheet and likely lower reinsurance or retrocession costs as a result.

Here are the ten most popular news articles, week ending 12th May 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.

Investors of the world are increasingly expecting a widespread downturn in the equity markets, leading to search for new sources of alternative return, particularly asset classes that are less correlated with broader financial trends, says Preqin.

We’re excited to reveal the third wave of speakers who will be joining us at ILS Asia 2019, our fourth conference held in Singapore. The last batch of Early Bird tickets are available now for this insurance-linked securities (ILS) conference.

While Allstate increased the amount of limit in its reinsurance program during the first few months of 2019, pricing pressure was felt but it was not material, according to Allstate’s CFO.

The Bermuda Stock Exchange (BSX), which houses the majority of the world’s outstanding catastrophe bond market as listings on its exchange, is pushing the insurance-linked securities (ILS) asset class as an investment with Environmental, Social and Governance (ESG) qualities.