Reinsurance News

The latest reinsurance news from Artemis. Covering the reinsurance capital trends that affect this industry, alternative risk transfer, insurance-linked securities and catastrophe bond news. This chronological new archive includes every reinsurance news story on Artemis, but with a twist for reinsurance industry professionals looking for news on alternative risk transfer, ILS and alternative reinsurance capital news. For the latest reinsurance news, ILS and alternative capital insight and to get full news coverage visit our homepage.

Share

Hagibis loss could match Faxai, may accelerate reinsurance rates: KBW

The eventual industry loss from typhoon Hagibis could reach the level seen with the other recent Japanese typhoon Faxai, while together the losses they bring to the industry may be enough to accelerate reinsurance rate rises in April 2020, according to KBW analysts.Typhoon Hagibis made landfall in Honshu, Japan on read the full article →

Estera introduces legal services in Bermuda and the Cayman Islands

Estera, a global provider of corporate, fund and trust services including to reinsurance and insurance-linked securities (ILS) markets, is branching out to add legal services to its offering from key locations Bermuda and the Cayman Islands.Estera is a global provider of funds, corporate administration and trust services and an active read the full article →

Typhoon Hagibis causes severe flooding, damage across swathe of Japan

Typhoon Hagibis has caused severe flooding, as well as some damage from its winds, across a wide swathe of Japan after the storm made landfall yesterday evening local time in Shizuoka prefecture and passed across the Tokyo metro area.Before typhoon Hagibis even arrived rainfall totals were nearing record levels, with read the full article →

Hagibis to add “enormous complication” so soon after Faxai: RenRe CEO O’Donnell

Japanese typhoon Hagibis will add "enormous complication" in allocating and finalising losses, while claims processes in Japan have likely not moved on since last year's Jebi and its significant loss creep, according to the CEO of reinsurance firm RenaissanceRe.Typhoon Hagibis is currently on track for Japan, with a landfall in read the full article →

Dorian’s U.S. insured loss under $600m, typhoon Faxai $5bn+: Aon

According to insurance and reinsurance broker Aon, hurricane Dorian's impacts in the United States are only expected to result in insured losses of up to $600 million, while in Japan the broker says typhoon Faxai will cost re/insurers over $5 billion.September proved a costly month for the insurance and reinsurance read the full article →

AXA XL wants to create tradable Ocean Risk Index

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, continues to work on initiatives related to climate risk and our oceans, with one area of work being pursued an Ocean Risk Index that could be used for risk transfer.AXA XL has been involved in a range read the full article →

AXIS says Q3 cat losses up to $175m, much higher than analyst estimates

AXIS Capital Holdings Limited has announced a preliminary estimate that its third-quarter 2019 catastrophe losses from events including hurricane Dorian and Japanese typhoons will total from $150 million to as much as $175 million, net of recoveries from reinsurance and retrocession.This is significantly higher than analysts had been expecting, with read the full article →

Typhoon Hagibis forecast to impact Tokyo region as Cat 1 or 2 storm

Typhoon Hagibis remains on track towards Japan, with Tokyo and the surrounding area now firmly a target and the storm forecast to make landfall as a Category 1 or 2 equivalent storm on Saturday.This article last updated at 08:00 BST, Sat Oct 12th: Over the coming day or so typhoon read the full article →

ILS integral to the business, brings capital to big problems: RenRe CEO O’Donnell

Insurance-linked securities (ILS) are integral to the business of insurance and reinsurance and an ideal solution for bringing capital to the big problems facing society, according to RenaissanceRe CEO Kevin O'Donnell.Giving a keynote speech at the ILS Bermuda Convergence 2019 conference today, the CEO of Bermuda headquartered global reinsurance firm read the full article →

Arch sponsoring $577m Bellemeade Re 2019-4 mortgage ILS

Bermuda-headquartered re/insurer Arch Capital Group Ltd. is back in the capital market for another mortgage insurance-linked securities (ILS) deal, with its newest transaction set to be a $577.28 million Bellemeade Re 2019-4 Ltd. issuance.Arch Capital has steadily increased the amount of mortgage insurance risk it lays off to capital market read the full article →