Archive for January, 2023

Reinsurance broker Gallagher Re has published its view of 2022’s global natural catastrophe activity and it estimates insured losses from these events aggregate to a cost of US $140 billion for the industry.

Twelve Capital, the Zurich headquartered investment manager with a focus on insurance-linked securities (ILS), insurance and reinsurance linked investments, is set to develop a life ILS investment offering, announcing a strategic tie-up with specialist life ILS boutique Farsight Partners.

Australian insurance giants Suncorp and IAG have both warned of impending losses from the severe flooding that has affected the Auckland area of New Zealand in recent days, with the pair highlighting their reinsurance arrangements and the potential for claims from the event to be significant.

Hudson Structured Capital Management, the insurance-linked securities (ILS), reinsurance, insurtech and transportation focused asset manager, has made a second investment in specialist flood underwriting managing general agent (MGA) reThought Insurance.

Here are the ten most popular news articles, week ending January 29th 2023, 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.

Two weeks today we will hold our next insurance-linked securities (ILS) conference, Artemis ILS NYC 2023, on February 10th in New York City. Register soon to guarantee your place at the conference, as tickets are selling fast and may run out.

With reinsurance rates having hardened considerably, pricing in the catastrophe bond and broader insurance-linked securities (ILS) market has followed suit.

The Bermuda Monetary Authority (BMA) is to continue a focus on responsible solutions in insurance, reinsurance and investment funds in 2023, with products that address climate change and protection gaps a particular priority.

K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, has become even more constructive on the insurance-linked securities (ILS) asset class, seeing near record high catastrophe bond spreads, as well as improved conditions in private ILS, retrocession and industry loss warranties (ILW’s).

In the global retrocessional reinsurance market, the availability of aggregate covers had been shrinking for some time, but at the January 2023 renewals aggregate retro capacity supply shrank further, while the terms of protection continued to become more restrictive, broker Gallagher Re has said.