Archive for August, 2019

Bernina Re Ltd., the flagship reinsurance platform of the Credit Suisse Insurance Linked Strategies Ltd. team, has a new CEO in former Swiss Re and MS Amlin executive Christian Bieri, who joins the company soon bringing almost 20 years of underwriting and leadership experience.

Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has invested in the latest funding round for insurtech start-up Kin Insurance.

Aon said it is expecting to see a number of large longevity swap transactions completed during the second-half of 2019, as longevity risk transfer and reinsurance pricing remains attractive.

A repeat of the 1923 Kanto earthquake in the Tokyo region of Japan could result in property losses of as high as $1.5 trillion, while a higher magnitude quake could cost the country as much as $3 trillion, catastrophe modellers Karen Clark & Company believes.

The World Bank’s Pandemic Emergency Financing Facility (PEF) has sent a further $30 million to aid the Democratic Republic of Congo’s (DRC) response to the Ebola outbreak.

The global reinsurance operating environment remains “less than optimal” for traditional firms, but the outlook for the segment is still deemed stable by rating agency A.M. Best.

Tropical storm Dorian is nearing the Caribbean and has strengthened in recent hours, with forecasters now expecting it will intensify into hurricane Dorian as it approaches Puerto Rico and Hispaniola in the coming days.

Here are the ten most popular news articles, week ending 25th August 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.

A lack of historical and contextual data continues to hinder the entry of the insurance-linked securities (ILS) market into the cyber re/insurance space, and with ‘silent’ cyber exposures adding further uncertainty, it might be easiest for the ILS sector to focus on affirmative cyber, at least to begin with.

The insurance and reinsurance industry has much more to do to promote parametric risk transfer and other alternative risk strategies, as both risk managers and the C-Suite of major corporations lack a clear understanding of its benefits.