Archive for March, 2022

Managers of insurance-linked securities (ILS) funds and other strategies are pushing back on what is seen as still excessive trapping of capital linked to COVID-19 related claims, as confidence rises that the eventual impacts of this will be relatively limited for the ILS market.

A decline in surplus, reserve adequacy trending lower, underwriting losses driven by storms and hurricanes, and a generally unsettled Florida P&C insurance market environment, all of which have contributed to a downgrade for Florida Farm Bureau, according to AM Best.

Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has sponsored the issuance of two new series of preferred shares from its Voussoir Re Ltd., collateralized reinsurance sidecar style special purpose insurance (SPI) vehicle.

London headquartered and Lloyd’s market focused specialty insurance and reinsurance underwriter Inigo Insurance is now set to complete its first catastrophe bond before the end of the month, with the Montoya Re Ltd. (Series 2022-1) multi-peril catastrophe bond settling at $115 million in size, but with pricing at the top-end of guidance.

Two tranches of notes designed to provide aggregate reinsurance protection have been pulled from the latest catastrophe bond issuance for Japanese insurance carriers owned by MS&AD Insurance Group Holdings, as the Tomoni Re Pte Ltd. transaction now targets up to $245 million of occurrence protection only.

Here are the ten most popular news articles, week ending March 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.

Current market conditions make allocating to the catastrophe bond asset class a particularly attractive prospect for investors at this time, according to Twelve Capital Founding Partner & Group CIO, Dr. Urs Ramseier.

Reinsurance and retrocession pricing is set to benefit from an expected continued reduction in available alternative or insurance-linked securities (ILS) capital, according to Moody’s Investors Service.

The severe convective weather, thunderstorms, large hail and tornadoes that affected the United States this week is expected to aggregate to drive hundreds of millions of dollars in insured losses, according to Aon’s Impact Forecasting.

Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle which counts among its backing a significant proportion of capital from insurance-linked securities (ILS) market sources, has revealed that over the last 5 years it has outperformed the Lloyd’s market by 6.1% on average.