Archive for January, 2025

Hiscox Group is back in the catastrophe bond market seeking $200 million in retrocessional North American peak peril reinsurance protection from the capital markets with an Ocelot Re Ltd. (Series 2025-1) issuance, Artemis can report.

Ariel Re Capital Partners (ARCP), the third-party capital management platform established by global reinsurance company Ariel Re in 2024, has now completed its first capital raise and utilised the Lloyd’s ILS transformer London Bridge 2 to channel the funding to its business.

Lloyd’s of London CFO Burkhard Keese is to depart the market to focus on investment roles in the German insurance sector, but he is set to remain a strategic advisor with a focus on developing the risk transfer vehicle London Bridge 2.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, reported a significant 39% increase in fee income generated from its work with third-party investors for full-year 2024.

With a widening crisis protection gap evident around the world there is a need for a transformational expansion in the use of insurance and reinsurance mechanisms to transfer risks to the capital markets, according to a report from the High-Level Panel on Closing the Crisis Protection Gap.

Argenta Private Capital Limited (APCL) and Helios Underwriting PLC have launched a 2025 round of Starter Homes investment vehicles, that offer a capital efficient way for investors to access the returns of the Lloyd’s insurance and reinsurance market.

The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”

Based on preliminary insured loss estimates, the reinsurance sector and its capital providers are expected to assume at least 30% of total insured losses from the Palisades and Eaton wildfires in Los Angeles, according to analysts at Moody’s.

Specialist insurance-linked securities (ILS) manager Twelve Capital has said that it believes two per-occurrence catastrophe bond structures are likely affected by the loss impact of the Los Angeles, California wildfires at this stage, while the impact of aggregate erosion for other cat bonds is still being assessed.

Signal Iduna Reinsurance Ltd. (SI Re), the Swiss based reinsurer, has reported that while the reinsurance industry experienced an orderly renewal season in January, the strong performance of the insurance-linked securities (ILS) market helped to reopen the retrocession market during the key renewals.