Specialist flood risk modeller Fathom, and Reask, a climate analytics firm that leverages machine learning techniques, have partnered to create new, combined wind and flood risk models for re/insurers, banks, and ESG-focused investors. Initially, this collaboration will see each company permitted to sell the other’s products and services to both new and existing clients. However, […]
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Joel Smith, Associate Partner at global management firm, Synpulse, has stated that success for insurance-linked securities (ILS) fund managers will be driven by “delivering predictable returns and insights, fostering transparency for investors, and administering a robust operating platform to execute their investment strategies.”
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Vesttoo and fronting specialist Clear Blue have announced a partnership today, with the former intending to deploy as much as $1 billion of capacity from the capital markets through Clear Blue’s property and casualty (P&C) programs over the next year.
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Accuweather, the US forecasting company, became the latest to slightly reduce its seasonal forecast for the 2022 Atlantic hurricane season.
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Additional loss creep from 2021’s hurricane Ida has now eroded another layer of Louisiana Citizens’ catastrophe bond backed reinsurance protection, with the $50 million Class B notes of the residual market insurers’ Pelican IV Re Ltd. (Series 2021-1) cat bond set to pay out all of their principal in a reinsurance recovery.
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Plenum Investments, the Zurich based specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has published a new market study and Index family, enabling UCITS cat bond funds to be compared for the first time, while improving the transparency of the cat bond marketplace.
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Here are the ten most popular news articles, week ending August 21st 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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Insurance organisations are calling for a crackdown on property insurance fraud instigated by contractors in Florida, which in recent years has been seen as one of the drivers of heavy litigation related claims inflation and ballooning losses that fell to the reinsurance industry.
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Markel’s flagship insurance-linked securities (ILS) investment manager Nephila Capital continues to benefit from “significant premiums” delivered via MGA Velocity Risk, even after its sale was completed, Markel’s Co-CEO Richie Whitt said recently.
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Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group is eliminating its exposure to catastrophe risks with a shuttering of its joint-venture reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re).
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Data aggregator PERILS AG has raised its insurance and reinsurance industry loss estimate for the European windstorm series that struck in February of 2022 by almost 4% to EUR 3.739 billion.
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Prices for property catastrophe reinsurance are likely to continue to rise into 2023, especially as concerns over inflation and the global economic environment persist, rating agency AM Best has said.
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Technology-led underwriter of parametric risk transfer, climate and weather insurance business, Arbol, has today reported that it transacted more than $100 million in gross written premium (GWP) in the first half of 2022.
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AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance underwriter, is aiming to grow out its non-catastrophe activities with third-party capital partners, which should replace an anticipated dip in fee income from catastrophe risks it was sharing, the firm’s CEO has said.
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