In a new report, rating agency Fitch states that climate change is stimulating the development of the catastrophe bond market, as demand for protection rises and the capital markets offers an efficient source of reinsurance against climate-linked catastrophe events.
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Insurance-linked securities (ILS) focused insurtech company Vesttoo has hired its first Head of Underwriting, selecting a respected executive from its local market in Israel to fill the role.
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Reinsurance companies in the Asia Pacific region can leverage insurance-linked securities (ILS) and alternative capital to capture hardening market opportunities and become more competitive with their global peers, rating agency AM Best has advised.
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Terry Ledbetter and Luke Ledbetter, formerly of fronting and program service insurance specialist State National Companies, are back with a new venture, having launched Kestrel Group as a program specialist with a focus on bringing greater efficiency to the insurance and reinsurance market value chain.
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The insurance and reinsurance industry loss from the severe flooding that struck eastern regions of Australia in February and March 2022 continues to creep higher, with the Insurance Council now pegging the total at AU $5.28 billion.
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Here are the ten most popular news articles, week ending August 28th 2022, 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.
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After a first-half during which returns from catastrophe bond investments have been depressed, although still much better than many other asset classes, Swiss Re Capital Markets expects that cat bond fund returns will “recover strongly” through the second-half of 2022.
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Spreads in the secondary market for catastrophe bonds began to widen towards the levels seen for primary cat bond transactions as the first-half of the year drew to a close, broker-dealer Aon Securities has said.
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AXA Climate, the parametric specialist risk transfer managing general agent (MGA) unit of global insurance and reinsurance company AXA, has selected the HWind product from risk modeller RMS to use as a trigger data provider for parametric insurance policies.
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A collateralized insurer class of company has now officially been registered in Bermuda, with Vesttoo Alpha P&C Ltd. set to play a pivotal role in the companies platform and offering of P&C insurance returns to investors.
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The lines between third-party capital, so that allocated by investors and often structured into insurance-linked securities (ILS), and traditional insurance and reinsurance capital, are continuing to blur.
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Florida’s residual market insurer, or insurer of last resort, Citizens Property Insurance Corporation, could get back to record levels of exposure and policies under management, if the “extreme dysfunction” of Florida’s property insurance market persists and the private market’s appetite to take on risk there remains limited.
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United Insurance Holdings Corp. (UPC Insurance) has announced a plan for its personal lines subsidiary United Property & Casualty Insurance Company (United P&C) carrier to withdraw from operations and go into an orderly run-off.
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Insurance-linked securities (ILS) fund managers have been working to free trapped capital related to possible COVID pandemic related losses in European reinsurance contracts, with commutations being pursued, AM Best has reported.
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