Hurricane Humberto continues to approach Bermuda as a dangerous category 3 storm with sustained winds now having reached 120 mph and an expanding wind-field, leading the National Hurricane Center to warn of the risk of a prolonged period of dangerous winds for the island.
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A $70 million parametric Japanese earthquake private insurance-linked securities (ILS) transaction has been issued using Aon Insurance Managers segregated accounts company White Rock.
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Alternative reinsurance capital and the insurance-linked securities (ILS) market is going through a period of transition, where there has been some uncertainty, but still Torsten Jeworrek, member of the board of management at Munich Re, believes it is here to stay.
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Pension funds in Switzerland have continued to increase their allocations to insurance-linked securities (ILS) and reinsurance linked investments, with the ILS asset class becoming a core alternative investment for some of them.
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Reinsurance recoveries from one of its catastrophe bonds have continued for U.S. primary insurer Nationwide Mutual Insurance Company, which has now recovered almost $25 million in loss payments from its Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes.
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In a sign that reinsurance market pricing has returned to more rational levels, the largest manager of catastrophe and weather insurance linked assets, Nephila Capital, could seek to expand its capacity for the January renewals if price improvements seen continued.
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Typhoon Faxai is estimated result in an insurance and reinsurance sector loss of as much as $7 billion by catastrophe risk modeller AIR Worldwide.
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Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has warned that investors in the 2019 portfolios of its listed fund are exposed to potential losses from recent catastrophe events hurricane Dorian and typhoon Faxai.
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Japanese typhoons should be expected to cause insurance and reinsurance industry losses of more than $15 billion at least every 20 years, according to analysis by Karen Clark & Company.
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Hurricane Dorian may ultimately result in an impact to the insurance and reinsurance industry of up to $8.5 billion across all territories affected by the storm, according to catastrophe risk modelling specialist RMS.
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Hurricane Humberto, the eighth named storm and third hurricane of the 2019 Atlantic tropical storm season, is forecast to head eastwards with a track that could take it quite near to Bermuda as a strong storm, possibly with wind speeds in the Cat 2 to Cat 3 range.
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Akinova, the start-up aiming to launch a platform or marketplace for the transfer and trading of insurance and reinsurance risks, has donated some of its data assets related to ILS to global standards-setting body ACORD.
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Here are the ten most popular news articles, week ending 15th September 2019, 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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Describing Hurricane Dorian as a near miss for the re/insurance sector, Dirk Lohmann, Head of ILS specialist asset manager Schroder Secquaero, said it was too early to predict the potential impact of Typhoon Faxai, which made landfall in the Chiba prefecture of Japan on Monday.
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