Global reinsurance giant Munich Re has now completed its annual two tranche of note renewal of its Eden Re II Ltd. fully collateralised reinsurance sidecar vehicle for 2022, with the issuance smaller than prior years at $190 million.

Hiscox Re & ILS, the international reinsurance and insurance-linked securities (ILS) arm of the Hiscox Group, has announced the hiring of a new Chief Underwriting Officer, adding Matthew Wilken who has previously worked at MS Amlin and Ariel Re.

The recently completed repeat of a landmark Asian property catastrophe risk collateralised reinsurance sidecar arrangement by MS Amlin was backed by a number of Asian investors, the company has revealed.

The Artex Risk Solutions owned segregated account reinsurance transformer platform, Artex SAC Limited, has completed issuance of a new private catastrophe bond, with a $25 million Artex SAC Limited – Silver Crane Notes transaction coming to market.

Australian primary insurance group IAG has completed a 2022 renewal of its main catastrophe reinsurance tower, keeping the amount of coverage it has flat at $10 billion, while the cost of the reinsurance program increased by mid-single digits.

The recent severe wildfire outbreak that was named the Marshall Fire and impacted residential areas in Boulder County, Colorado, has been estimated as around a $1 billion insurance industry loss, by risk modeller Karen Clark & Company.

Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has announced a new hire to help drive its Insurance-Linked Program (ILP) in Faraz Khan, who most recently worked in ILS and retrocession at reinsurance firm Swiss Re.

Deployable capital in the insurance-linked securities (ILS) market declined at the end of 2021 as the January 2022 reinsurance renewals approached, which resulted in some ILS investment managers making use of financing arrangements, we’re told.