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.

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Insurance protection gap could hit $1.86tn by 2025: PwC

The global insurance and reinsurance market faces a range of challenges, but at the same time the opportunities for the sector and for the provision of efficient capital to absorb societal risks, is also expanding, with PwC estimating that the global protection gap may expand to US $1.86 trillion by read the full article →

Non-nat-cat alternatives the “perfect hedge” for ILS investors: AM RE Syndicate

Amid the increased frequency, scope, and severity of natural catastrophes, insurance-linked securities (ILS) investors stand to benefit from the greater predictability and sustainability of non-nat-cat program-based portfolios of risk, according to AM RE Syndicate. In a new whitepaper, titled ‘The Impact of Climate Change on the Traditional ILS Market and Non-Nat-Cat read the full article →

Beazley’s third-party capital an EPS upside. Opportunity in cyber: Jefferies

London headquartered insurance and reinsurance group Beazley has an opportunity in the cyber underwriting space to bring in third-party capital and this could deliver an additional upside to its earnings per-share, analysts at Jefferies have said. Following a management presentation, a range of equity analysts have opined on Beazley, with the read the full article →

European windstorm series industry loss hiked 10% to €3.61bn: PERILS

The insurance and reinsurance industry loss from the three major European windstorms that struck close together during the month of February 2022 has been lifted to EUR 3.61 billion by data aggregator PERILS AG. The first estimate from PERILS had placed this market loss estimate at EUR 3.289 billion (approx. US read the full article →

RenRe’s third-party AuM hits $6.8bn thanks to Fontana & fresh capital

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, saw its external capital under management rise to $6.8 billion by April, helped by the launch of its Fontana Holdings casualty / specialty lines joint venture and some other additional fund raising. At January 1st 2022, RenaissanceRe (RenRe) reported its third-party read the full article →

Citizens had planned more cat bonds for 2022, but pricing not conducive

Florida's Citizens Property Insurance Corporation had originally been seeking more catastrophe bond backed reinsurance for 2022, specifically to fill out layers of its Coastal Account reinsurance tower, but pricing feedback from investors caused the insurer to change plans and these cat bond tranches never made it to market. This news came read the full article →

Inflation surging. Catastrophe loss quantum to rise. Pricing for it is key

A new report from Moody's paints a gloomy picture of rising combined ratios and elevated loss costs, because of the influence of rising inflation, soaring construction costs and more expensive labour rates, all of which reinforce the need for reinsurance and ILS pricing to cover these factors. These inflationary factors are read the full article →

Florida Citizens CFO says risk transfer markets in “disarray”

The CFO of Florida's Citizens Property Insurance Corporation said today that the reinsurance risk transfer markets are in "disarray", meaning the insurer won't be able to buy its targeted program within budget with the June renewals fast-approaching. Florida Citizens is a significant buyer of both traditional reinsurance, collateralized or fronted protection read the full article →

FedNat’s CFO resigns amid restructuring & recovery efforts

Amid all the challenges the Florida-focused property insurance company FedNat Holding Company has been facing, its latest is the resignation of its Chief Financial Officer (CFO). In a filing, FedNat Holding Company announced that Ronald A. Jordan, the Company’s Chief Financial Officer, has handed in his resignation effective June 10th 2022. An read the full article →

Florida Citizens targets $3.64bn 2022 risk transfer buy, for $4.7bn program

For 2022, the staff of Florida's Citizens Property Insurance Corporation are seeking approval to buy roughly $3.64 billion of new risk transfer, across traditional reinsurance and catastrophe bonds, which added to still in-force cat bonds from prior years will take the Citizens program to roughly $4.7 billion for the coming read the full article →