Archive for October, 2022

The catastrophe bond market index calculated by Swiss Re Capital Markets has recovered a relatively significant chunk of the ground lost after hurricane Ian, at its last calculation on Friday 28th October 2022.

Today we are announcing our first wave of expert speakers that will be joining us at our next insurance-linked securities (ILS) conference, Artemis ILS NYC 2023 on February 10th in New York City. Please register soon to guarantee your place at the conference at the best possible price.

Bid prices have recovered somewhat for a number of catastrophe bond positions that had been deemed particularly exposed to potential losses from hurricane Ian, with a number of the most Florida wind exposed positions appreciating in the last week, as well as the NFIP’s flood cat bonds.

The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) has made US $15.2 million in pay-outs to members after hydro-meteorological events that took place during the 2022 hurricane season.

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has financed insurtech homeowners specialist Kin Insurance again, this time as a participant in a $145 million debt capital raise.

The Board of the Plymouth County Retirement Association, a retirement manager that provides pensions and benefits to over 11,500 participants from 24 municipalities, 5 regional schools, 17 housing authorities, and 6 special districts, is seeking an insurance-linked securities (ILS) investment manager for an allocation.

Driving home the escalating costs of flooding in Australia, the Insurance Council has released data that shows the country has suffered AU $8.8 billion of insured losses from floods just since 2019, while insured losses from the flooding earlier this year continue to creep higher.

Here are the ten most popular news articles, week ending October 30th 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.

Reinsurance giant Swiss Re is comfortable that it’s treated the investors in its alternative capital structures well, including when it comes to recent hurricane Ian, Group CFO John Dacey has said.

The insurance-linked securities (ILS) market is undergoing a repricing, as it digests its losses from hurricane Ian and the fact more capital will be trapped, in an environment where increasingly there are other investment options available as well, according to Aon President Eric Andersen.