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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In the main, funds investing in insurance-linked securities (ILS) and collateralised reinsurance are expecting any losses from hurricane Dorian that flow to the sector will be largely attritional in nature.
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According to analysts that met with the senior management of AXA Group recently in London, the company has continued to utilise increasing amounts of third-party reinsurance capital to support its natural catastrophe exposures.
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Speaking to Artemis from the SCOR lounge in Monte Carlo, Jean-Paul Conoscente, chief executive of SCOR Global P&C, outlined the company’s ambitious plans to place ILS at the heart of the business.
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Insurance and reinsurance group Argo has again elected to extend the maturity date further on its at-risk aggregate multi-peril catastrophe bond Loma Reinsurance (Bermuda) Ltd. (Series 2013-1).
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While there was generally positive messaging coming from the reinsurance and insurance-linked securities (ILS) market at the 63rd Monte Carlo Rendezvous event this week, views on pricing differed as ever.
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The prolonged low interest rate environment will maintain the focus on underwriting profitability as the industry moves towards the 1 January 2020 renewals, thinks Mike Van Slooten, Head of Business Intelligence, Aon’s Reinsurance Solutions.
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The African Risk Capacity (ARC) will pay the Government of Côte d’Ivoire $738,835 after a deficit of rainfall during the growing season triggered the countries parametric insurance policy.
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Insurance-linked securities (ILS) and catastrophe bond issuance is likely to “materially increase” over the next nine months, according to Jean-Louis Monnier, Head of Retro & ILS Structuring and Origination at global reinsurance firm Swiss Re.
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Blerina Essen, the Managing Director of UK-based lottery provider MyLotto24 and someone who worked on and sponsored some of the earliest lottery jackpot insurance-linked securities (ILS) transactions, is to consult and advise to gaming services provider RISQ on reinsurance and hedging.
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There is a distinction between reinsurance firms that purely rely on retrocession, often from alternative capital, to support their gross underwriting, and those that target earning fee income by managing it for third-party investors, rating agency Moody’s says.
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