Archive for February, 2022

Here are the ten most popular news articles, week ending February 20th 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.

AIG Re, the global reinsurance arm of American International Group (AIG), pulled-back on its writings of peak zone property catastrophe risks at the January 2022 renewals, as the company did not feel the risk-adjusted returns were adequate.

Working with third-party capital using insurance-linked securities (ILS) calls for a partnership approach and alignment of interests, AXIS Capital executives told Artemis in a recent video interview.

Investors in the Markel CATCo retrocession and reinsurance investment funds are being urged to vote in favour of moving the buy-out process forwards at meetings to be held on March 4th, putting the end of this chapter in sight.

Australian headquartered global insurance and reinsurance group QBE has reported rising attachment points for some of its core reinsurance arrangements at the January 2022 renewals, while its reinsurance costs increased as well.

The Government of Viet Nam, through its Ministry of Finance, has signed a Memorandum of Understanding (MoU) to become the eighth member of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF).

Reinsurance Group of America (RGA) has completed a longevity reinsurance transaction with NN Life covering €4 billion of underlying reserves for the largest life insurance company in the Netherlands.

At the key January 2022 reinsurance renewals, American International Group (AIG) renewed more than $12 billion of limit across numerous treaties and CEO Peter Zaffino said the company achieved significant improvements to its protection, while also modestly reducing spend.

Pool Re, the UK government-supported mutual terrorism reinsurance provider, is back in the catastrophe bond market and seeking a UK £75 million (approx. US $102m) renewal of its landmark terror catastrophe bond, with a Baltic PCC Limited (Series 2022-1) cat bond issuance.

A settlement is being negotiated between parties in a Florida fraud lawsuit lawsuit involving former CATCo CEO Tony Belisle, with the proceedings stayed until May to allow for the negotiations to continue.