Cat bond news

Global reinsurance company Hannover Re said today at the Monte Carlo Rendez-Vous event that innovation remains on the agenda even while demand for traditional reinsurance remains high, citing examples of parametric risk transfer and its recent cloud outage cyber catastrophe bond.

Here are the ten most popular news articles, week ending September 8th 2024, 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.

As the reinsurance and insurance-linked securities (ILS) market begins to look towards year-end issuance, renewals and into 2025, Chris Minter, the new Head of Swiss Re’s Alternative Capital Partners (ACP) division, told Artemis that one of the biggest challenges for ILS is the uncertainty and perception of the influence climate change may have on insured […]

Analysts at Citigroup have highlighted a growing financing gap in climate adaptation efforts, saying that as this gap grows and steps to mitigate climate change remain at a pace considered too slow, there will be a need for increasing amounts of capital and catastrophe bonds are a useful structure that can be used in support.

There is rising interest in catastrophe bonds from potential sponsors and the parametric risk transfer space is another area seeing growing momentum, according to Mike Van Slooten, Head of Business Intelligence at Aon’s Reinsurance Solutions.

Speaking during a briefing in advance of the 2024 Monte Carlo Rendez-Vous event today, executives from Aon’s Reinsurance Solutions highlighted their expectation that the higher layers of property catastrophe programs will be competitive at the renewals, with softening of rates expected.

Fitch Ratings has said that it believes the reinsurance pricing cycle has now most likely passed its peak, but the rating agency is still bullish on profitability of reinsurance and thinks returns from the sector “should remain very strong by historical standards in 2025.”

Continued high earnings from returns and fresh inflows in the catastrophe bond and insurance-linked securities (ILS) market have driven non-life alternative reinsurance capital up a further 6% to a new high of $113 billion by the middle of this year, broker Gallagher Re has said.

The Lloyd’s insurance and reinsurance market has just reported a stellar set of results, featuring growth, a lower combined ratio, higher underwriting profit, all underscoring the health of the market and the opportunity for capital to derive returns there, so it’s no surprise speakers at our conference this week and our sources tell us the […]

New sponsors should continue to come to the catastrophe bond and insurance-linked securities (ILS) market through the remainder of 2024 and into 2025, while inflows of alternative capital are expected to continue, according to Guy Carpenter’s CEO of EMEA and Global Capital Solutions, Laurent Rousseau.