Archive for August, 2024

With just a few days to go until our catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd, we wanted to give you a last look at who you can meet if you join us. Tickets for Artemis London 2024 are selling fast, so please register now if you want […]

Aon’s segregated accounts company White Rock Insurance (SAC) Ltd. has filed a lawsuit in New York against China Construction Bank, alleging an “inside man” at the bank had represented that letters of credit (LOC) involved in the Vesttoo fraud were authentic, and claiming a minimum $140 million in damages from the bank for the losses […]

The insurance industry loss from the wildfires that impacted the Municipality of Jasper and Jasper National Park in Alberta, Canada this summer is estimated to have surpassed $880 million, according to Catastrophe Indices and Quantification Inc. (CatIQ).

Investing into an asset class like reinsurance whose performance is not influenced by movements in global share prices is seen as a “powerful way to build more robust, resilient portfolios” by MLC Asset Management’s Gareth Abley, who also disclosed that the MLC catastrophe bond and ILS portfolio has averaged an impressive cash +5% return over […]

Solidum Partners AG, a Swiss independent investment manager focused exclusively on catastrophe bonds and insurance-linked securities (ILS), has appointed former Vontobel Asset Management board member Dr. Ulrich Behm as a Partner with responsibility for sales and marketing for the company and its investment strategies.

Unless there are “substantial” losses to insurance-linked securities (ILS) from catastrophe events in the second-half of 2024, Fitch Ratings said it expects “continued strong supply growth in the alternative reinsurance capital market into 2025.”

According to Ashish Agarwal, Co-founder & CTO of Weather Risk Management Services (WRMS), combining parametric insurance with traditional risk management strategies can provide a comprehensive framework for managing supply chain risks.

The recent and first ever ‘megaquake’ warning issued by authorities in Japan has heightened the perception of the peril’s risk and even though the warning was eventually lifted, it is seen as a factor that could be supportive of reinsurance pricing for that country, by analysts at J.P. Morgan.

Strong and still rising demand for reinsurance protection is expected to be a ballast for underwriting profitability for the sector, even as pricing comes off its recent peaks and the market begins to soften somewhat, analysts at investment bank Berenberg have said.

There is now just one week to go until our catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd. Tickets for Artemis London 2024 are selling fast, so please register now if you want to attend.