Here are the ten most popular news articles, week ending 17th November 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 updatesor get our email alerts for every article we publish.
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Ten most read articles on Artemis.bm, week ending 17th November 2019:
- Reinsurers unimpressed on rates so far, forecast acceleration into 2020
Major reinsurance firms are unimpressed with the way rates have responded to recent catastrophe loss years so far, but with another set of losses in Japan they hope for the frustrations to give way to more positive pricing momentum in 2020.
- Loss creep, AOB & climate change seen as biggest challenges: Survey
The biggest challenge to the market over the last 12 months has been the impact of loss creep from prior year events, while the threat of climate change is increasingly on the minds of industry participants, according to the results of our second global reinsurance market survey.
- AXA XL to sponsor potentially large Galileo Re 2019-1 cat bond
AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is returning to the catastrophe bond market for the first time since 2017, with a new Galileo Re Ltd. (Series 2019-1) catastrophe bond transaction that seeks at least $400 million of protection, but could grow much larger.
- ILS NYC 2020: Fermat, Hudson Structured, HSBC, ILS Capital to join
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- U.S. catastrophe exposed property rates to rise significantly in 2020: WTW
Catastrophe exposed property insurance rates in the United States are forecast to rise significantly in 2020, with underwriters of both loss free and loss impacted accounts likely to see rate increases of at least 10% and 30%, or even higher, in some cases.
- Parametric hail insurance with sensors launched by Understory & MSI GuaranteedWeather
An innovative new sensor derived and triggered parametric insurance policy designed to cover auto dealer lots against hail storm damage has been launched by insurtech Understory, backed by MSI GuaranteedWeather and reinsurance capital.
- Climate change “front & center” with ILS investors, industry focus intensifies
Climate change and how it influences or affects global weather patterns and the frequency or severity of weather related natural catastrophe loss events, is “front and center” for investors right now, while the reinsurance industry in general is increasingly focused on the issue.
- Lumen Re helps LGT combine best of both worlds: Michael Stahel
The formation of Lumen Re, LGT ILS Partners’ Bermuda-based Class 3A reinsurance underwriting vehicle, was driven by a number of factors and sees the ILS manager try to combine the best of both worlds.
- Study finds hurricanes more destructive, most damaging more frequent
A new study looking at the damage caused by hurricanes since 1900 concludes that there is a trend towards larger and more destructive storms, while the most damaging of them are said to be occurring more frequently, with climate change and global warming said a driver.
- ILW demand rising, prices could soar for Japanese wind triggers
Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised.
This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 30 new articles published in the last week. To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.
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