Global insurance and reinsurance market losses from natural catastrophes and severe weather events are now running at double the long-term average so far in 2021 and are at the highest level seen since 2017, according to analysts at investment bank Jefferies.
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Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has issued four new tranches of cat bond notes, totalling roughly $45.2 million, with the four tranches potentially part of the same reinsurance or retrocession program arrangements.
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Following recent pre-announcements of natural catastrophe losses from the third-quarter of 2021 and with the expectation that more will be delivered, with the industry facing a relatively significant quarterly catastrophe burden, KBW’s analyst team note that they are “modestly optimistic” on property catastrophe reinsurance pricing for the 2022 renewals.
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Hudson Structured Capital Management Ltd., which enters into insurance and reinsurance investment business as HSCM Bermuda, has invested again in property data focused artificial intelligence and imaging insurtech Tensorflight, participating in the startups Series A round alongside other re/insurance sector venture teams.
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In the last quarter of record, the dedicated insurance-linked securities (ILS) mutual investment fund operated by Amundi US Investment Management allocated more of its capital into industry loss warranty (ILW) and reinsurance sidecar investments.
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Climate change has to become the greatest priority for the disaster risk financing space, meaning it is time to “shift the disaster risk architecture”, according to CEO of parametric risk pool and insurer the African Risk Capacity (ARC) Lesley Ndlovu.
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A new insurance-linked securities (ILS) marketplace provider has been registered in Bermuda and has joined the regulatory sandbox of the Bermuda Monetary Authority (BMA), with the Blackbird ILS Marketplace promising to bring securitized cyber and specialty lines business to investors in a fixed income format.
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Isosceles Insurance Ltd., the private insurance-linked securities (ILS) and catastrophe bond issuance platform operated by Marsh McLennan and reinsurance broker Guy Carpenter, has completed another transaction, with a $21.5 million Isosceles Insurance Ltd. (Series 2021-H) issued.
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U.S. primary mutual insurance company USAA is back in the catastrophe bond market for its regular November issuance of a per-occurrence catastrophe bond, targeting at least $225 million of multi-peril reinsurance protection from this Residential Reinsurance 2021 Limited (Series 2021-2) transaction.
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RenaissanceRe (RenRe), the Bermuda headquartered global reinsurance firm and third-party capital management specialist, has pre-announced an expectation of $725 million of net catastrophe losses for the third-quarter of 2021, a particularly significant hit for the period.
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According to the latest data from the U.S. National Oceanic and Atmospheric Administration (NOAA), there has already been an “unprecedented” 18 billion dollar weather and climate disasters in the United States during the first-nine months of 2021.
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Munich Re Ventures, the insurtech and related risk technology investment arm of the global reinsurance company, has closed a $500 million capital raise for a new Munich Re Fund II and now looks to broaden its approach to investing in the most innovative start-ups transforming the future of risk.
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For our latest Artemis Live video interview, we were joined by Tom Johansmeyer, Head of PCS to discuss the subject of cyber risk and ask the question, why isn’t it a bigger exposure in the insurance-linked securities (ILS) market?
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The insurance and perhaps reinsurance industry loss estimate for tropical Cyclone Seroja, which impacted Western Australia earlier this year, has been lowered by roughly 9% to A$394 million by PERILS.
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