Archive for December, 2023

Global reinsurer Hannover Re is clearly expecting the benefits of the hard market environment to earn through in 2024, as it targets a 24% increase in net income next year, while key among strategic drivers for its new corporate plan for years 2024 through 2026 are the use of retrocession and ILS to expand its […]

The government of Korea has been urged to implement and adopt an insurance-linked securities (ILS) regulatory framework to enhance its domestic insurance marketplace and enable access to the capital markets for additional risk capital and reinsurance.

The Plenum Investments Index that tracks the returns of catastrophe bond funds in the UCITS format has now reached over 16% for the last 12-months, while the year-to-date return has now reached 15.2% for 2023 to the end of November.

The first of the long-range forecasts for the 2024 Atlantic hurricane season has now been published and while these extended range outlooks should be treated as very broad guidance for what to expect, the team at Tropical Storm Risk (TSR) anticipate activity 30% above the near and 50% above the long-term norms.

At a recent event held in the city, speakers representing the government of the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China were keen to promote the development of its insurance-linked securities (ILS) market offering and to attract more catastrophe bond business.

Last year, Bermuda-based insurance and reinsurance company use of insurance-linked securities (ILS) such as catastrophe bonds increased, according to survey data collected by the Bermuda Monetary Authority (BMA).

German insurer Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has now successfully priced its debut King Max Re DAC 2023 catastrophe bond issuance to provide it with an upsized €175 million of multi-peril catastrophe reinsurance protection.

American Family Mutual Insurance Company, or AmFam as it is known, has now secured the upsized $175 million in capital market backed multi-peril catastrophe reinsurance from its new Four Lakes Re Ltd. (Series 2023-1)  catastrophe bond.

Here are the ten most popular news articles, week ending December 10th 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.

Taking into account the needs of insurance-linked securities (ILS) investors was a critical component of the work to get the industry’s first cyber catastrophe bond to market, and it was important to ensure the sponsor AXIS Capital’s coverage needs were also met, Kyle Freeman told Artemis in an interview.