Archive for November, 2022

Beazley CEO Adrian Cox forecasts a “structural change” in the reinsurance market at the January 2023 renewals, especially in property risks, an area his company is ready to capitalise on by writing more business.

Twelve Capital, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, has announced a number of new board appointments to bring additional senior experience to the company.

Here are the ten most popular news articles, week ending November 13th 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.

Tangency Capital Ltd., an insurance-linked securities (ILS) investment fund manager whose first strategy was focused on investing in quota share reinsurance business, has raised an additional $200 million in capital from third-party investors.

Netherlands-based pension investor PGGM has subscribed for another $100 million in shares of its RenaissanceRe managed joint-venture and rated underwriting vehicle Vermeer Reinsurance Ltd. during the third-quarter of 2022.

Plenum Investments has slashed hurricane Ian loss expectations for its catastrophe bond investment funds, saying that initial estimates from sponsors are coming in “significantly lower than our original expectations”, leading it to believe the draw-down could be less than half the initial estimates.

Hurricane Lisa’s landfall in Belize on November 2nd has triggered an innovative parametric insurance product that provides a form of protection to fund repairs following storm damage to the largest barrier reef in the Atlantic Ocean.

In announcing a trading update this morning, London headquartered insurance and reinsurance firm Beazley has implied that it will double-down on property risk underwriting in the hardening market, given the “outsized returns” it anticipates will be available.

The U.S. Federal Emergency Management Agency (FEMA) has issued an estimate of flood insurance claims for the National Flood Insurance Program (NFIP) from hurricane Ian, giving a range of $3.5 billion to $5.3 billion, at which level the catastrophe bonds wouldn’t face losses.

We are now only three months away from our next insurance-linked securities (ILS) market conference. Artemis ILS NYC 2023 is being held on February 10th in New York City. Register today to guarantee your place at the conference at the best possible price.