Archive for March, 2021

The Insurance Council of Australia (ICA) has highlighted the billion dollar insurance and reinsurance market loss potential of the ongoing severe flooding event and storms in the Queensland, New South Wales (NSW) region of Australia.

Tokio Marine & Nichido Fire Insurance Co’s fifth Kizuna Re catastrophe bond will be the latest to experience a significant drop in price during its marketing to investors, with the $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transactions pricing now fixed some 16% below the initial mid-point of guidance.

Japanese insurance and reinsurance giant Sompo has doubled its target for its latest catastrophe bond with its Sakura Re Ltd. (Series 2021-1)  transaction now aiming to secure the company $400 million of Japanese and US multi-peril catastrophe reinsurance protection.

Hamilton Insurance Group’s recent successful completion of its first full 144A catastrophe bond issue, the Easton Re Pte. Ltd. (Series 2020-1) transaction, shows that, alongside its Ada Capital Management launch, shows the company is gaining momentum in ILS and its ambition to grow its third-party capital under management, according to its executives.

For our latest Artemis Live video interview we spoke with specialist insurance-linked securities (ILS) fund manager Leadenhall Capital Partners’ CEO Luca Albertini and CUO Jillian Williams, who gave us an update on their current view of the ILS and reinsurance market and also explained more about environmental, social and governance (ESG) activities at the firm.

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has announced the launch of a new UCITS investment strategy focused on the debt issuances of European insurers.

The ongoing severe flooding event and storms in the Queensland, New South Wales (NSW) region of Australia has the potential to result in a billion dollar insurance and reinsurance market loss event it seems, as insurers highlight their reinsurance and possible recoveries to be made.

Catastrophe risk modelling firm RMS is set to incorporate climate change more fully into its main suite of risk models, with climate change models expected for the RMS North Atlantic Hurricane, Europe Inland Flood and Europe Windstorm models by June.

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance player, is back in the capital markets in search of more mortgage reinsurance protection, with a large, up to $665 million Bellemeade Re 2021-1 Ltd. mortgage insurance-linked securities (ILS) issuance.

The commingled insurance-linked securities (ILS) and catastrophe bond funds managed by specialist Twelve Capital have achieved an ESG relevant classification under Article 8 of the EU’s Sustainable Finance Disclosure Regulation (SFDR).