Archive for August, 2019

The amount of losses that insurance and reinsurance group Everest Re ceded to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle have almost halved so far in 2019.

Typhoon Lekima has caused deadly flooding and landslides in eastern China, after coming ashore in Zhejiang province on Saturday as a strong typhoon and then travelling north passed Shanghai.

The insurance and reinsurance market loss to property lines of business from the Townsville area flooding in the Queensland region of Australia has been raised by 16% to A$1.217 billion (US $822m) by PERILS.

The £7 billion longevity swap and reinsurance transaction that Prudential Financial, Inc. completed recently for the HSBC Bank UK pension scheme is the second largest such arrangement in longevity risk transfer market history.

Macau, the autonomous region on the south coast of China, is piloting a parametric activated typhoon insurance product that will pay out only after typhoon warnings reach severe levels, with reinsurance backing the pilot from Hong Kong based China Taiping.

Here are the ten most popular news articles, week ending 11th 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.

Reinsurance Group of America (RGA) is waiting patiently to execute its first transaction using the joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re and has got close, but a first deal still eludes the company.

Given the enormous economic loss potential associated with cyber risks, rating agency Standard & Poor’s feels it inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity.

The value of the investment stake of American International Group, Inc. (AIG) in the insurance and reinsurance linked fund strategies managed by its AlphaCat Managers ILS unit continued to recover in the second-quarter of 2019.

Catastrophes and severe weather events resulted in reinsurance capital providers helping Australian primary insurance giant IAG during the last fiscal year, as the company wiped out a stop-loss cover it had in-force and has now eaten more than half the way into the deductible of its aggregate reinsurance as well.