Archive for September, 2022

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced the launch of Tremor Sandbox™, a full-featured demo version of its software allowing reinsurance buyers and sellers to try out its platform.

A number of weather forecast models are indicating that the Gulf of Mexico may come alive with hurricane activity later this month, as tropical disturbance 98L is expected to become a storm and then a hurricane on its path to the Gulf, with a US landfall seen as a likely outcome.

Typhoon Nanmadol’s impacts in Japan are not expected to result in insurance and reinsurance market losses high enough to trouble any catastrophe bonds, according to Plenum Investments.

For major reinsurance companies, de-risking their books, such as we’re seeing with the pull-back from property catastrophe risk in some quarters, will need to be a balancing act of finding their optimal gross exposure and use of retrocession, S&P Global Ratings has said.

Many of the world’s largest pension fund investors are actively seeking out diversification opportunities, as they shift portfolios in light of global economic volatility, which could serve to further raise the profile of ILS investments.

The Putnam Re Pte. Ltd. (Series 2021-1) catastrophe bond that was sponsored by St. Johns Insurance Company fell to a default as a result of the insurers failure, and in an unusual turn of events investors holding the notes experienced a small loss of principal on redemption, as they shouldered some of the costs.

Elementum Advisors, LLC, the insurance-linked securities (ILS) investment fund manager and collateralised reinsurance underwriter, has announced the hire of a new Chief Technology Officer, Douglas Duncan.

Relatively strict asset allocation protocols could become a driver for some investors to downsize their allocations to insurance-linked securities (ILS), as broader macro-economic effects and capital market volatility mean some allocations could have to be reduced, to stay within their defined thresholds.

Bringing together the capital markets and natural catastrophe risk in reinsurance, makes “deep economic sense”, according to the CEO of Swiss Re, as leveraging ILS capital is a win-win-win for his company, Christian Mumenthaler explained in our recent interview.

Hurricane Fiona has intensified since battering Puerto Rico and the Dominican Republic and has now become the first major hurricane of the 2022 Atlantic season. The Turks & Caicos Islands are now in its path and facing a damaging blow from the storm.