Following an EUR 26.3 million jackpot prize won by one of its customers in a secondary lottery draw, lottery company MyLotto24 is set to benefit from the jackpot protection it has in place through its Hoplon III Insurance Ltd. insurance-linked securities (ILS) transaction.
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Reinsurance company SCOR has announced that it expects its net losses from recent catastrophes will total EUR 430 million, after tax and retrocession, and that it sees the chances of its contingent capital facility being triggered as “extremely remote.”
The companies behind the R4 Rural Resilience Initiative weather-index microinsurance pilot program, which is currently operating in Ethiopia but plans to expand, have announced that the first successful payout to policyholders has been successfully made. Over 1,800 farmers in seven villages experienced drought conditions that triggered a payout under the terms of their index-based insurance […]
The parties behind the R4 Rural Resilience Initiative microinsurance scheme have committed to expanding the reach of their weather-index insurance products outside of the original pilot country Ethiopia. The initiative involves the United Nations World Food Programme (WFP) and Oxfam America, supported by the United States Agency for International Development (USAID). Swiss Re provide the […]
Parts of France and Italy have been hit by a so-called “Mediterranean episode” in the last week, which drove torrential rainfall and flooding from November 21st to 24th and could drive economic losses of more than one billion Euros.
Blerina Essen, the Managing Director of UK-based lottery provider MyLotto24 and someone who worked on and sponsored some of the earliest lottery jackpot insurance-linked securities (ILS) transactions, is to consult and advise to gaming services provider RISQ on reinsurance and hedging.
Blue Marble Microinsurance (Blue Marble) has announced an expansion of its weather-index parametric insurance partnership with The United Nations World Food Programme (WFP) in Africa.
The first parametric agricultural insurance programme has been launched in Cameroon, by AXA Cameroon and AXA Climate in collaboration with the World Bank Group’s Global Index Insurance Facility (GIIF).
Here are the ten most popular news articles, week ending 18th August 2019, 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.
Two more aggregate retrocession catastrophe bonds are being priced for potential losses from recent hurricane events by brokers, with French reinsurance firm SCOR’s $150m Atlas IX Capital Limited (Series 2015-1) marked right down to single digit bids and its $300m Atlas IX Capital DAC (Series 2016-1) discounted by as much as 65%.