Reinsurance News

Rating agency AM Best has maintained its outlook for the London insurance and reinsurance market at Stable, with improving access to third-party capital one of the key drivers.

Last Friday we welcomed more than 200 attendees to our fifth insurance-linked securities (ILS) conference held in New York City and our first in-person event since the pandemic.

The recent April reinsurance renewals season has provided further details on 2022 pricing trends and reinsurers’ catastrophe risk exposure profile, which has led Moody’s to believe that property catastrophe reinsurance pricing still has room to go higher.

Rising interest in parametric insurance and risk transfer has resulted in an influx of investor capital into the space, the development of new MGA’s and capacity, as well as new technology platforms.

Starting with a blank canvas allows for an insurance-linked securities (ILS) investment management business to be constructed with sustainability and ESG at its core, Paschal Brooks, co-founder of newly launched Sustain ILS Management told Artemis.

U.S. primary insurance carrier group, FedNat Holding Company, has responded to its recent downgrade and has agreed, along with its subsidiary carriers, to provide the Florida Office of Insurance Regulation (FOIR) with a viable plan moving forwards.

The PERILS Insurance Exposure Database (IED) for 2022 shows that the largest exposure remains European windstorm with a huge EUR 64.8 trillion of insured values as of January 1st, 2022, up 5.2% on the previous year.

The Bermuda Monetary Authority (BMA), the financial regulator for one of the world’s most important insurance and reinsurance markets, has named Shanna Lespere as its new permanent Deputy Chief Executive Officer (CEO).

The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, has seen its allocation to insurance-linked securities (ILS) shrink to roughly 1% of the fund, falling to $220 million.

Because the Russia and Ukraine war is exacerbating negative macro trends, Fitch Ratings has revised its global reinsurance and London market sector outlooks downwards to Neutral from Improving.