Ratings agency Standard & Poor’s performed some analysis on the global reinsurance sectors exposure to climate change and found that, under a scenario it tested for, reinsurers may be underestimating their exposure to catastrophe losses by around 50%.
Read the full article
Catastrophe risk modelling firm RMS has issued an estimate for the insurance industry loss from the recent South Napa, California earthquake, saying that it does not expect that insured losses from the event will exceed $250m.
Read the full article
Mt. Logan Re Ltd., the collateralized special purpose reinsurance sidecar owned and operated by Bermuda reinsurer Everest Re Group Ltd., has announced the hiring of Mark Booth as its Head Property Reinsurance Underwriter.
Read the full article
Rating agency A.M. Best changed its outlook on the reinsurance sector to negative recently, becoming the fourth of the major rating agencies to do so. In a video published this week senior A.M. Best rating executives explained the rational behind the shift.
Read the full article
The insurance-linked securities (ILS) and reinsurance linked investments market may be one of the better positioned for any additional scrutiny the U.S. Securities and Exchange Commission (SEC) decides to place on managers of illiquid assets.
Read the full article
The fourth named storm of the 2014 Atlantic Tropical Storm & Hurricane Season, has formed in the Bay of Campeche area of the southwest Gulf of Mexico. Tropical storm Dolly will be no threat to the U.S. but will pose a rain threat to Mexico.
Read the full article
PGA Sompo Japan Insurance Inc, the Philippines based subsidiary of Sompo Japan Insurance Inc., has launched a parametric typhoon insurance product designed to mitigate against agricultural damage from major storms.
Read the full article
In a report on London insurance and reinsurance market conditions, A.M. Best warns that expansion of terms and conditions will adversely affect results, while firms managing third-party capital are effectively competing with their own products.
Read the full article
Given the recent decline in pricing and therefore returns on investments in reinsurance linked assets and insurance-linked securities (ILS) such as catastrophe bonds, it is no surprise to hear that some large, institutional investors are pulling back.
Read the full article
Softening prices, resulting in reduced margins and lower profits, as well as a slight uptick in exposure to smaller catastrophes haven’t dented global reinsurers appetites for underwriting catastrophe risk reinsurance, according to Standard & Poor’s.
Read the full article
Here are the ten most popular news articles, week ending 31st August 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.
Read the full article
A new catastrophe bond transaction, Golden State Re II Ltd., has launched on behalf of the California State Compensation Insurance Fund (SCIF) as it looks to secure more capital market protection for workers compensation claims caused by earthquakes.
Read the full article
Key activities during issuance of a catastrophe bond or insurance-linked security (ILS) fall to the capital markets divisions of global reinsurance brokers, reinsurers and specialist investment bank units in arranging, structuring and marketing ILS deals.
Read the full article
Mergers and acquisitions seem firmly in the reinsurance markets future with excess capital, growing competition and the increasing availability of alternative reinsurance capital seen as a source of fuel for the M&A deal-making fire, according to Fitch Ratings.
Read the full article
