Archive for February, 2022

There is an opportunity for investors or ILS funds to provide collateralised reinsurance capacity to the energy and power generation sectors, according to specialist MGA Twelve Specialist Risk.

Lloyd’s has announced the appointment of Des Potter, a former Guy Carpenter executive and a specialist in insurance-linked securities (ILS), as a special advisor to assist the market in furthering its capital framework ambitions.

As Vesttoo continues to build-out its insurance-linked investment offering, the tech-focused company is establishing a collateralized insurer in Bermuda and planning to launch its first insurance-linked securities (ILS) offering, a P&C Fund, Portfolio Manager Rob Hauff told Artemis in a recent video interview

US primary insurance carrier Allstate is in the catastrophe bond market for the first time in 2022, seeking $450 million or more of reinsurance protection across both per-occurrence and annual aggregate multi-peril protection, with a Sanders Re III Ltd. (Series 2022-1) issuance.

A catastrophe has been declared by the Insurance Council of Australia (ICA) in the wake of extreme rainfall and rising floodwaters impacting areas of the east coast, while insurers are warning of rising claims.

Catastrophe risk modeller RMS has estimated that insurance and reinsurance markets face losses of up to EUR 4.5 billion from recent European windstorms Dudley (Ylenia) and Eunice (Zeynep), while Eunice alone could be as high as EUR 3.5 billion, the modeller believes.

Here are the ten most popular news articles, week ending February 27th 2022, 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.

As Swiss Re grows its natural catastrophe exposures, which CEO Christian Mumenthaler today called “a core competence”, the company is benefiting from its expanding use of alternative reinsurance capital and insurance-linked securities (ILS), CFO John Dacey explained.

Verisk Extreme Event Solutions, the new brand name for catastrophe risk modeller AIR Worldwide, has estimated the insurance and reinsurance market loss from the two most severe recent European windstorms, Dudley (Ylenia) and Eunice (Zeynep), will reach as high as EUR 5 billion.

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has announced the hiring of Alaina Cubbon as a Vice President, Portfolio Management, in the firm’s Bermuda based Investment Team.