Praedicat, an insurtech risk modelling and analytics company for the casualty insurance and reinsurance space, has warned that its analysis shows that casualty-lines related litigation from the Covid-19 pandemic is now beginning to be seen.
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The Lloyd’s insurance and reinsurance marketplace has reached a key moment, as capacity withdraws and rates increase significantly, making now the right time for prudent growth and, for Helios Underwriting, ILS style capital is a target, according to its CEO.
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Hurricane Isaias’ impacts could drive insurance and reinsurance industry losses of up to $5 billion, according to an estimate from catastrophe risk modelling specialist RMS.
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Markel CATCo Investment Management’ in run-off retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., is expecting another significant release of trapped capital, with another $37.9 million from its side pockets set to be returned to investors.
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The insurance and reinsurance market loss from February 2020’s European windstorm Victoria, also known as storm Dennis in the UK, is estimated to have risen by around 20% to EUR 344 million, according to PERILS AG.
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The industry loss from 2017’s hurricane Irma has continued to rise in recent weeks, with the latest increase having triggered an aggregate industry-loss warranty (ILW) for the still running-off Blue Capital Reinsurance Holdings Ltd., the stock exchange listed, collateralised reinsurance vehicle owned by Sompo International Holdings Ltd.
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Here are the ten most popular news articles, week ending 16th August 2020, 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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The huge volume of outstanding pension liabilities coupled with an increasing weight of available alternative capital searching for smart business, suggests significant growth in the life insurance-linked securities (ILS) space in the coming years, according to Thomas Olunloyo, Chief Executive Officer (CEO) of L&G Re.
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As the global effects of the Covid-19 coronavirus pandemic were being felt across financial markets earlier this year, the insurance-linked securities (ILS) market was not immune and Swiss Re notes that the dislocation caused ILS new issuance spreads to widen by 20% to 30%.
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CelsiusPro AG, the Swiss headquartered weather index insurance and parametric risk transfer specialist, is doubling down on the use of big-data and advanced technology to create better parametric triggers and indices for weather and natural catastrophe risk transfer.
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For the second-quarter of 2020, the medical benefit claims ratio reported by CVS-owned health insurer Aetna dropped even further below levels where its Vitality Re series of health insurance-linked securities (ILS) transactions could be triggered.
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Insurance-linked securities (ILS), reinsurance and transportation focused investment manager Hudson Structured Capital Management Ltd. has participated in a $35 million Series B funding round for home insurtech company Kin Insurance.
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Reinsurance is now in “a hard market phase” across much of the market as the major players need to protect their earnings and capital against the still potentially unknown losses that could arise from the Covid-19 pandemic, according to analysis from Fitch Ratings.
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The United States has again been hit by a prolonged period of severe weather this week, with severe storms, convective weather, large hail storm events and a Derecho that struck the Iowa and Illinois region, all adding up to multi-billion dollar economic losses, with most of the wind and hail insured.
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