capital markets

Property insurance prices in peak catastrophe zones continued to soar in the fourth-quarter of 2021, as owners of homes and businesses in those regions of the United States were paying rate increases as high as 40 percent, according to MarketScout.

The government of Indonesia continues to work towards better management of its natural disaster risks and, with the assistance of the World Bank, there is a target to have a sovereign risk transfer or disaster insurance structure in place by 2024.

The insurance-linked securities (ILS) investment industry is experiencing a shift driven by changing investor priorities and this is playing to the strengths of firms with deep expertise such as Hiscox, according to Vincent Prabis.

This week, UK Member’s of Parliament (MP’s) approved the passage of new Government legislation designed to exempt insurance-linked securities (ILS) issuance and reinsurance transformer vehicle issued notes from any Stamp Duty taxes, to promote ILS activity in the United Kingdom.

A significant institutional investor has again committed to supporting nuclear liability risks in insurance-linked securities (ILS) form, with the renewal of two deals covering risks of corporate nuclear power operators in a format considered akin to a private catastrophe bond.

Global reinsurance giant Munich Re has now completed its annual two tranche of note renewal of its Eden Re II Ltd. fully collateralised reinsurance sidecar vehicle for 2022, with the issuance smaller than prior years at $190 million.

The recently completed repeat of a landmark Asian property catastrophe risk collateralised reinsurance sidecar arrangement by MS Amlin was backed by a number of Asian investors, the company has revealed.

Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has announced a new hire to help drive its Insurance-Linked Program (ILP) in Faraz Khan, who most recently worked in ILS and retrocession at reinsurance firm Swiss Re.

Deployable capital in the insurance-linked securities (ILS) market declined at the end of 2021 as the January 2022 reinsurance renewals approached, which resulted in some ILS investment managers making use of financing arrangements, we’re told.

At the January 2022 reinsurance renewals, some buyers of protection were left surprised after insurance-linked securities (ILS) fund capacity proved to be even less abundant than previously assumed, according to James Vickers, Chairman International, Reinsurance at Gallagher Re.