The growing pressure on corporations to take greater responsibility for the climate related risks and exposures they carry could present an opportunity for insurance and reinsurance market participants to demonstrate innovation in product design, according to Aon’s Greg Lowe.
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Registrations for new insurance and reinsurance vehicles that are related to catastrophe bonds and other insurance-linked securities (ILS) use-cases have risen slightly in the first-half of 2019.
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After a few months where risk spreads were seen to have been increasing in the catastrophe bond and insurance-linked securities (ILS) market, on the back of a decline in ILS capital as well as an appetite for higher returns, it seems the market saw its risk spreads decline in June.
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The work to issue a catastrophe bond for Jamaica continues, with the World Bank providing risk modelling support and expertise to assist in getting a transaction to market, the countries Finance Minister said.
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Here are the ten most popular news articles, week ending 14th July 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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Louisiana and the surrounding region faces a difficult few days as tropical storm Barry makes its final approach. The NHC said in its latest update that it still expects hurricane Barry by landfall in the coming hours, as the storm continues to intensify.
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Yesterday Artemis held its fourth annual insurance-linked securities (ILS) conference in Singapore. ILS Asia 2019 saw 180 attendees from across the globe converge on the country, to hear insightful discussions on the state of ILS in Asia.
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Global reinsurance firm SCOR is set to receive an almost $26 million payout after its aggregated losses from the 2017 hurricanes Harvey, Irma and Maria triggered its $150 million Atlas IX Capital Limited (Series 2015-1) catastrophe bond.
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The U.S. Internal Revenue Service and Department of the Treasury has published a new set of proposed regulations relating to passive foreign investment companies (PFICs), which are relevant to many in insurance and reinsurance, but have particular relevance to certain ILS and hedge fund reinsurer strategies it seems.
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Aon has announced the promotion and appointment of Tim Ronda to President of the firms U.S. Reinsurance Solutions business, with George deMenocal remaining in the CEO role of the broking unit.
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Universal Insurance Holdings, the Florida headquartered and expansive primary insurance player, has announced that its CEO Sean P. Downes is stepping into an Executive Chairman role, with his position to be filled by Chief Operating Officer, Stephen J. Donaghy.
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Insurance and reinsurance group Hiscox has issued a trading update to warn of a hit to first-half profit due to a $40 million strengthening of its typhoon Jebi, hurricane Michael and risk excess book reserves.
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Law firm Carey Olsen Bermuda has promoted insurance-linked securities (ILS) specialist lawyer Gavin Woods to Partner at the firm.
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Tropical storm Barry has now formed in the Gulf of Mexico, the second named storm of the 2019 Atlantic hurricane season, and is forecast to bring long-duration, torrential rainfall and could intensify into a hurricane Barry by landfall.
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