Archive for March, 2023

Tremor Technologies, the insurtech operator of a programmatic risk transfer marketplace, is targeting the catastrophe bond issuance process with a new product launch, believing Tremor Issuer™ can make the primary cat bond issuance process more streamlined.

Cyclone Gabrielle’s impacts in New Zealand are estimated to have caused an insurance and reinsurance industry loss of NZ $1.543 billion by PERILS AG.

PartnerRe, the Bermuda headquartered reinsurance company, continued to cede a significant amount of premiums to its main insurance-linked securities (ILS) vehicle Lorenz Re in 2022, but signalling the effects of loss activity, the firm’s reinsurance recoverable from segregated cells of the structure soared.

According to a report from Bloomberg, the governments of Colombia and Peru and also Caribbean nations, are among those considering sponsoring World Bank facilitated catastrophe bonds, as activity in the market continues to pick up.

There has been an additional $10 million redemption of outstanding principal from the extended Class B tranche of notes issued under the US Federal Emergency Management Agency’s (FEMA) FloodSmart Re Ltd. (Series 2020-1) catastrophe bond issuance, Artemis has learned.

Citizens Property Insurance Corporation of Florida, the not-for-profit provider of property insurance to those unable to get private market coverage, is planning a significant spend to secure a further $4.2 billion of reinsurance and risk transfer in advance of this years hurricane season.

The collateralized reinsurance sidecar segment of the insurance-linked securities (ILS) market could be the last to rebound, as investors remained “skittish” of these structures around the beginning of the year, Cory Anger of GC Securities said.

Artemis is delighted to return to Singapore for our fifth in-person insurance-linked securities (ILS) conference held in the city, ILS Asia 2023, taking place on July 13th.

London market insurance and reinsurance players need to be able to attract and efficiently deploy third-party capital, if they are to take advantage of the growth opportunities available to them, rating agency AM Best has said.

The Florida homeowners property insurance segment of the market is facing significant challenges after a costly year in 2022, which left the group of main carriers tracked by Fitch Ratings facing a 72% decline in shareholder’s equity.