Global reinsurance firm Swiss Re held its investors day today in Zurich, at which it has released an update to its strategy which sees the firm place great importance on being able to manage its risk, asset and capital allocations in an agile manner.
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Global consultancy and accounting specialists PwC believe that storm Desmond, a European windstorm that struck the UK in recent days causing severe flooding in Cumbria and the northwest, could cause cost up to £500m, with insured losses of up to £325m (~$490m).
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Uncertainty is still the order of the day when it comes to the size of the loss faced by investors in the $100m Class C tranche of the MultiCat Mexico Ltd. (Series 2012-1) catastrophe bond due to the impact of hurricane Patricia.
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The recent UK flood event, which struck in the last few days in the northwest largely affecting Cumbria, has now been officially placed ‘under investigation’ by insurance and reinsurance industry loss data aggregator PERILS AG.
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French reinsurance company SCOR has returned to sponsor another catastrophe bond issuance, seeking to expand its capital markets backed sources of retrocessional reinsurance with a $250m or greater Atlas IX Capital DAC (Series 2016-1) U.S. wind and earthquake issuance.
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Canada is the latest country to announce a new contribution to climate risk insurance initiatives, aiming to increase insurance penetration and narrow the protection gap, at the Paris COP21 climate change conference.
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Bermuda headquartered CATCo Investment Management, the reinsurance and retrocession linked investment fund manager, has added another $3.4 million to its flagship listed CATCo Reinsurance Opportunities Fund Ltd.
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PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, is actively looking into this weekends UK windstorm Desmond to see whether it deserves full investigation as either a wind or flooding event.
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The longevity risk transfer market, of longevity swap transactions and other reinsurance arrangements that hedge or transfer longevity risk, is particularly busy right now because of impending Solvency II regulation and the resulting capital requirements.
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A number of changes have been proposed by the investment manager of the London and Bermuda stock exchange listed reinsurance and insurance linked securities (ILS) investment fund, the Blue Capital Global Reinsurance Fund, due to reinsurance market conditions.
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The world’s largest reinsurer Munich Re is returning to the capital markets with a new catastrophe bond issuance, Queen Street XI Re dac, seeking to expand its insurance-linked investor backed U.S. hurricane and Australian cyclone retrocessional reinsurance protection.
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Here are the ten most popular news articles, week ending 6th December 2015, 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.
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Clear Blue Financial Holdings LLC has acquired two clean shell insurance vehicles in acquisitions completed a month ago, with Maiden Holdings and RLI Corp, giving it the platform to provide rated fronting to unrated and alternative reinsurance capacity, as it nears its launch.
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Mark Carney, Chair of the Financial Stability Board (FSB), has just announced the establishment of an industry-led disclosure focused task force on climate-related financial risks, aiming to encourage companies to be more transparent on physical, liability and transition risks of climate change.
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