Archive for June, 2020

The reinsurance market may enjoy further double-digit price increases at the renewals in early 2021, but with capital now flowing into the sector Fitch Ratings warns that this will inevitably halt the rate momentum.

Here are the ten most popular news articles, week ending 28th June 2020, 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.

We’re delighted to reveal the schedule for our online & virtual ILS Asia 2020 conference this July. The agenda is almost finalised and we urge you to register soon while spaces last to take advantage of this opportunity to hear from ILS industry experts.

As re/insurers struggle to find ways to manage their non-affirmative cyber exposures, there’s an opportunity for the insurance-linked securities (ILS) community to support an ILW-based retro market to address the issue, says Tom Johansmeyer, Head of PCS.

Insurance and reinsurance market losses from catastrophes and the Covid-19 pandemic already look set to reach somewhere from $100 billion to as much as $160 billion, according to broker Guy Carpenter.

Global reinsurance company Swiss Re has now successfully secured $240 million of retrocession from its latest Matterhorn Re Ltd. (Series 2020-4)  catastrophe bond transaction, taking the firm’s total cat bond coverage under the program to $1.31 billion.

Three sponsors of mortgage insurance-linked securities (ILS) transactions have warned investors in the mortgage insurance linked notes that elevated loan delinquency levels in May 2020 have triggered their deals.

Schroder Secquaero, the specialist insurance-linked securities (ILS) unit of the global asset management group Schroders, has hired Mark Gibson, a well-known UK based ILS and reinsurance convergence focused executive whose most recent role was at Neon.

Hedge funds suffered in the first-quarter of 2020, as the Covid-19 pandemic drove billions of losses and also pushed investors to seek redemptions, resulting in a significant dip in hedge fund assets under management during the period.

Arch Capital Group, the Bermuda headquartered specialist insurance and reinsurance carrier, looks set to successfully re-open the capital markets to mortgage insurance risk with its second attempt to get a Bellemeade Re 2020-1 Ltd. mortgage ILS deal away.