Archive for December, 2019

There are fears in the market that typhoon Hagibis is going to end up repeating what was seen with last year’s typhoon Jebi, with loss creep emerging after the April reinsurance renewal again, potentially to the detriment of those hoping for significant rate increases.

Catastrophe loss activity has been on the rise in Germany and while there haven’t been any really major single event impacts the aggregation of these losses has been having a rising impact on insurance and some reinsurance capital deployed there.

U.S. primary mutual insurer USAA continues to make reinsurance recoveries under its Residential Re catastrophe bond program, with the latest loss payments to come to light amounting to almost $62.6 million.

The government of Zimbabwe has approved the purchase of a parametric drought insurance policy from the African Risk Capacity (ARC) and will also benefit from a replica cover purchased by the World Food Programme (WFP).

Global reinsurance company Swiss Re has significantly increased its use of alternative or third-party investor capital within its collateralised retrocessional reinsurance sidecar vehicle Sector Re Ltd., taking the vehicles total assets to close to $1.1 billion this year.

French reinsurance giant SCOR has established its fourth contingent capital facility, securing an EUR 300 million source of responsive capital coverage for natural catastrophe and extreme mortality events.

The results from our second global reinsurance market survey reveals a more positive sentiment towards pricing ahead of the upcoming January 2020 renewals. Artemis has again collaborated with traditional reinsurance focused sister-site, Reinsurance News, to test the temperature of the global reinsurance market ahead of the January 1st renewals and beyond. After consecutive heavy loss […]

According to a media report, Australian agribusiness giant GrainCorp looks to be eligible to claim as much as AU $57.3 million in a pay-out under the 10-year risk transfer arrangement it entered into this year that protects it against grain production variability, particularly from drought.

It’s becoming clear that typhoon Hagibis’ impacts in Japan have hammered the performance of some private insurance-linked securities (ILS) positions in October and this could be sufficient to overshadow what has been another positive month for the catastrophe bond market.

Over 800 million people live within 100km of an active volcano around the world. To prepare for a potential eruption, the Danish Red Cross and International Federation of Red Cross and Crescent Societies, alongside industry partners, are planning a catastrophe bond to cover risks associated with 10 volcanoes in 4 regions. This will likely be […]