Archive for June, 2024

According to Moody’s RMS Event Response, insurance and potentially reinsurance market losses in Germany from recent Central European floods of May 30th to June 3rd are expected to be between US $2.1 billion and US$3.2 billion.

Capacity is increasing in the “active” parametric insurance and risk transfer market, according to broking group WTW, as alternative risk transfer options continue to experience “high demand”.

With the Atlantic hurricane season officially underway as of June 1st and forecasts calling for a particularly active year, insurance-linked securities investment manager Twelve Capital believes investors with a long-term view are well-compensated for shouldering this exposure.

Moody’s Ratings does not believe reinsurance sector will resume assumption of coverage at the levels previously seen, meaning the higher exposure being borne by primary insurers is deemed now structural, rather than a cyclical occurrence.

The government of Puerto Rico’s first attempt to source parametric insurance from the capital markets through a catastrophe bond appears to have been well-received by the market, as the Puerto Rico Parametric Re Ltd. (Series 2024-1) catastrophe bond has grown to $85 million in size and looks set to price at the mid-point of guidance, […]

Hannover Re, the German global reinsurance company, has returned to the catastrophe bond market to secure $100 million of named storm and hurricane retrocessional protection for parts of the United States, with a new 3264 Re Ltd. (Series 2024-1) issuance, we’ve learned.

With just one month to go, we’re delighted to announce four additional expert speakers from across the industry for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre.

Dutch headquartered European insurance group Achmea has now secured its upsized target of €100 million of reinsurance protection from its new Windmill III Re DAC (2024-1) catastrophe bond, while the notes have now priced at roughly 14% below the mid-point of initial guidance, Artemis has learned.

After capital buffers were eroded for insurers through 2023, a renewed focus on reinsurance as a capital management and growth lever has emerged, while broker Aon says that reinsurance capital and third-party capital are expected to be two of the three main capital tools utilised in future.

Global reinsurance firm Swiss Re has issued a report that warns of the cascading effects of natural disasters, highlighting that catastrophes and severe weather can have knock-on effects outside of the immediate property damage caused, all of which can exacerbate insurance and reinsurance market losses.