Archive for December, 2019

January 1st 2020 is expected to be a very late reinsurance renewal, with pricing moving the most at either end of the market in primary and retrocession, but reinsurance in the middle looking less exciting, leading analysts at JMP Securities to suggest property catastrophe renewals could be flat overall.

Insurer Zurich and reinsurance firm Hannover Re have delivered an £800 million longevity swap arrangement for an unnamed UK pension fund belonging to a FTSE 100 firm, protecting it against the risk of pensioners and members living longer than forecast.

The African countries of Madagascar and Morocco are the latest to benefit from a Catastrophe Deferred Drawdown Option (Cat DDO) instrument issued by the World Bank, as further steps are taken to make them more resilience to natural disasters and climate related risks.

Investment banking giant Goldman Sachs published an updated environmental policy yesterday, with catastrophe bonds, insurance-linked securities (ILS) and other climate related risk and reinsurance products again taking a central stage within it.

Insurance and reinsurance broking group BMS has announced the hiring of Alex Orloff to its capital markets and investment banking unit BMS Capital Advisory, where he will take on the role of Directory of Capital Market Analytics.

The University of Cambridge Centre for Risk Studies has updated its annual Global Risk Index, finding that the value of gross domestic product (GDP) at-risk from catastrophic events continues to rise, but highlights insurance capital as a key tool for global recovery.

Florida’s Citizens Property Insurance Corporation has shrunk its exposure significantly in recent years, thanks to a gradual privatisation of its risk through its policy depopulation program.

Spanish insurance and reinsurance group Mapfre said it believes typhoons Faxai and Hagibis will drive more than US $20 billion of industry losses to the sector, while it expects to take a hit of around $156 million, including some impacts from recent rioting in Chile.

Kelvin Re Limited, a rated reinsurance company run by the Credit Suisse Insurance Linked Strategies Ltd. team and backed by investments from the Abu Dhabi Investment Council has taken an injection of capital to strengthen it in 2019.

Here are the ten most popular news articles, week ending 15th December 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.