Archive for November, 2022

US primary insurance carrier Allstate is aiming to upsize its latest catastrophe bond, with the company now targeting up to $125 million of collateralized multi-peril catastrophe reinsurance from the Sanders Re III Ltd. (Series 2022-3) issuance.

In the wake of hurricane Ian, the industry loss warranty (ILW) market faces its share of losses, which, alongside broader issues impacting reinsurance and retrocession capital availability, means ILW rates-on-line are now heading for all time highs, according to our sources.

Today we are announcing the second wave of expert speakers who 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.

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has now received approval for the planned launch of an MGU and separation of this new underwriting and origination arm from its balance-sheet insurance businesses.

Twelve Capital, the Zurich headquartered investment manager with a focus on insurance-linked securities (ILS), insurance and reinsurance linked investments, has had its Climate Transition Equity Strategy classified under Article 9 of SFDR.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, continued to recover more of the ground lost since hurricane Ian, gaining 0.40% in the last week.

The insurance-linked securities (ILS) market looks particularly attractive for 2023 on the back of rising premiums and tighter control over terms and structures, leading Michael Stahel of LGT ILS Partners to call the opportunity-set “truly exciting”.

Liberty Mutual, the U.S. primary insurance giant and global reinsurance player, has returned to the catastrophe bond market in search of $125 million or more in collateralized reinsurance against peak peril events, with a Mystic Re IV Ltd. (Series 2023-1) transaction.

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

Analysts at Goldman Sachs have said that they believe the reinsurance and London market re/insurance names they follow have passed the test set by hurricane Ian, with evidence of the improved rating environment showing in the fact the storm only proved to be an earnings event for the industry.