capital markets

Insurance-linked securities (ILS) and catastrophe bond funds gained 0.97% in the month of October 2022, as some ILS funds rebounded somewhat after hurricane Ian, as losses from the storm appeared lower than expected for some cedents.

Global insurance and reinsurance company Everest Re ceded less in the way of premiums written to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the third-quarter and first nine months of 2022, likely reflecting lower available capital under management.

Independent specialty insurance program manager K2 Insurance Services, the parent and service provider to MGA’s K2 CAT and K2 Parametric, has announced that it is being acquired by global growth investor Warburg Pincus.

Rating agency AM Best has maintained a Stable outlook for the global reinsurance sector, while warning that investor appetite to provide new capital, on either the traditional or insurance-linked securities (ILS) sides of the market, remains limited.

In the wake of hurricane Ian, the industry loss warranty (ILW) market faces its share of losses, which, alongside broader issues impacting reinsurance and retrocession capital availability, means ILW rates-on-line are now heading for all time highs, according to our sources.

Today we are announcing the second wave of expert speakers who will be joining us at our next insurance-linked securities (ILS) conference, Artemis ILS NYC 2023 on February 10th in New York City. Please register soon to guarantee your place at the conference.

Analysts at Goldman Sachs have said that they believe the reinsurance and London market re/insurance names they follow have passed the test set by hurricane Ian, with evidence of the improved rating environment showing in the fact the storm only proved to be an earnings event for the industry.

As of the third-quarter of 2022, global reinsurance giant Hannover Re had expanded its activities in the insurance-linked securities (ILS) and collateralised reinsurance space to include more than 1,500 program participations fronted for.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has hired experienced ILS lawyer Matthew Gabin as its Chief Legal Officer and Deputy Chief Operating Officer.

Super Early Bird ticket sales for our next insurance-linked securities (ILS) market conference, Artemis ILS NYC 2023, will end on November 25th, after which the price will rise. So please register today to secure your place at the lowest possible cost.