Archive for April, 2020

Opportunities to invest in catastrophe bonds are being drip-fed or staggered into the market to a degree, with efforts to prevent available capital becoming overwhelmed or drying up seemingly evident in both the secondary trading and primary issuance markets for cat bonds.

Unfortunately we cannot return to Singapore this year to hold our annual ILS Asia 2020 conference due to the global coronavirus pandemic.

The maturity dates for two private catastrophe bonds that were issued through the Willis Towers Watson operated Resilience Re Ltd. platform have been extended by another year, to allow for ongoing development of losses to the subject business.

Business interruption claims from the Covid-19 coronavirus pandemic pose an “existential threat” to the entire reinsurance industry, broker Willis Re said today.

SCOR, the global reinsurance company, has successfully priced its latest catastrophe bond Atlas Capital Reinsurance 2020 DAC (Series 2020-1) at its original target size of $200 million, but with pricing now at the top-end of an elevated guidance range.

A shift from equities into alternative asset classes including insurance-linked securities (ILS) has helped to cushion the blow of the market volatility seen as a result of the Covid-19 coronavirus for the Healthcare of Ontario Pension Plan (HOOPP).

The property and casualty (P&C) insurance industry loss from Covid-19 pandemic related claims is estimated in a range from $40 billion to as high as $80 billion by analysts at Dowling & Partners.

Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss event and expects it to have a meaningful impact on earnings in the second-quarter.

French reinsurer SCOR has reported that it experienced a 6.6% increase in pricing across its book, while premiums underwritten rose by almost 6% as well, at the recent April 1st reinsurance renewals.

The New York Metropolitan Transportation Authority (MTA) has returned to the catastrophe bond market for the third time, seeking to sponsor an at least $100 million renewal of its soon to mature parametric cat bond coverage with a new MetroCat Re Ltd. (Series 2020-1) transaction.