Commitments to the Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle have now reached an impressive $3.2 billion, as capital raising continued within the feeder fund managed by investor and private equity specialist Apollo Global.
2020 is the year when the insurance-linked securities (ILS) market should flex its muscles to ensure the robustness of its products for both cedents and investors, speakers at our recent New York ILS conference said.
Aspen Re, the global reinsurance division of Bermuda headquartered specialty re/insurer Aspen Insurance Holdings Limited, has announced two new hires in ex-Vibe Re CEO Richard Milner and Middle East & Africa specialist Antoine Bdadouni.
The World Bank is working alongside the governments of Singapore and Japan to establish a disaster insurance pool to cover infrastructure risks for Asian countries, with the facility set to provide coverage from later this year.
The secondary market indicative price for one tranche of the World Bank’s pandemic catastrophe bond transaction has now responded to the rise in cases from the novel coronavirus outbreak.
The catastrophe bond market can look forward to a banner year in 2020, according to Judith Klugman, Head of ILS Sales for reinsurance firm Swiss Re’s Alternative Capital Partners unit.
The U.S. Federal Emergency Management Agency (FEMA) has now secured its upsized target of $400 million of catastrophe bond backed flood reinsurance coverage for the NFIP from its third capital markets issuance, the FloodSmart Re Ltd. (Series 2020-1) transaction.
Indicative pricing for industry-loss warranty (ILW) structured retrocessional reinsurance protection has risen for U.S. and European wind and storm related perils, with some relatively significant increases seen at certain trigger levels.
Australia headquartered global insurance and reinsurance group QBE warned today that parts of the globe risk becoming uninsurable as climate change is forecast to significantly increase claims costs and could make premium rates soar.
Insurance and reinsurance industry losses from the recent Australian bushfires across an hours clause appropriate seven consecutive day period are estimated at nearly A$1.6 billion (almost US $1.1bn) by PERILS AG.
Here are the ten most popular news articles, week ending 16th February 2020, 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.
Despite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal.
