Alternative reinsurance capital

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, is understood to have hired Stephen Moss, previously of risk modeller RMS, to a newly created role focused on investor analytics.

The Florida reinsurance renewals at June 1st, while up in terms of rates, may actually have been closer to flat on a risk-adjusted basis, if you take into consideration the increases in modelled industry loss expectations in the state.

Cayman Islands based reinsurance firm Oxbridge Re Ltd. has successfully placed a new series of notes from its collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. as part of its 2019 reinsurance renewal.

Here are the ten most popular news articles, week ending 23rd June 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.

Welcome to Artemis’ fourth ILS executive roundtable in Bermuda, in which our participants discussed a variety of opportunities and challenges that the reinsurance and insurance-linked securities (ILS) sector is dealing with as it responds to the losses of a second active year for global catastrophes.

U.S. primary insurer Allstate was hit by a higher than expected $504 million of pre-tax catastrophe losses over the course of May 2019, roughly half of which came from a single Midwest U.S. severe weather, tornado and hail event.

A Category 5 hurricane striking the Miami area of Florida, as 2017’s Irma looked set to do, would result in over $200 billion of insured residential property losses alone, according to Karen Clark & Company (KCC), suggesting the full toll to insurance and reinsurance interests would be much higher.

Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, has made a number of changes to its senior ILS leadership and Bermuda team.

Here are the ten most popular news articles, week ending 16th June 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.

The California Earthquake Authority (CEA) is still expecting that its use of reinsurance and risk transfer capacity will grow in the coming years after a slight decline if a legislative change is approved, while right now the percentage of the CEA’s program that is collateralized stands at 34%.