Archive for July, 2019

Global reinsurance giant Munich Re has estimated that catastrophe losses affecting the insurance industry globally cost it just $15 billion in the first-half of 2019, below the long-term average.

Multi-line U.S. primary home and auto insurer Mercury General Corporation has significantly increased the size of its reinsurance program, in the wake of Californian wildfire losses that had burned through its tower in the prior year.

Everest Re saw its fully collateralized reinsurance sidecar and segregated accounts vehicle Mt. Logan Re shrink slightly during the second-quarter of 2019, but at the same time the reinsurer grew its shareholders equity significantly, taking its overall capital base to a new high of $13.4 billion.

For some year’s now we’ve been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain.

French reinsurance firm SCOR is now covered for further loss creep from Japanese typhoon Jebi, with the loss now having triggered its retrocessional protection.

Cerulean Re SAC Ltd., a private catastrophe bond and insurance-linked securities (ILS) issuance vehicle operated by Guy Carpenter and Marsh Captive Solutions, has listed almost $83 million of private ILS notes on the Bermuda Stock Exchange (BSX).

Global insurance and reinsurance firm AXA XL has promoted Megan Kempe to the role of Head of US Property London, seeing her lead property underwriting activities for the United States for its London reinsurance team.

ILS fund manager Twelve Capital continues to demonstrate its commitment to sourcing new risk in catastrophe bond form for its growing investment fund strategies, with a new $11.36 million Dodeka XXIV transaction coming to market.

In reporting its results today, insurance and reinsurance firm Hiscox Group explained that rate momentum continues to build and price increases have been accelerating at renewals so far in 2019, while its Hiscox Re & ILS unit continues to find attractive opportunities in retrocession.

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