Catastrophe bond news

Reinsurance recoveries from one of its catastrophe bonds have continued for U.S. primary insurer Nationwide Mutual Insurance Company, which has now recovered almost $25 million in loss payments from its Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes.

Typhoon Faxai is estimated result in an insurance and reinsurance sector loss of as much as $7 billion by catastrophe risk modeller AIR Worldwide.

Japanese typhoons should be expected to cause insurance and reinsurance industry losses of more than $15 billion at least every 20 years, according to analysis by Karen Clark & Company.

Hurricane Dorian may ultimately result in an impact to the insurance and reinsurance industry of up to $8.5 billion across all territories affected by the storm, according to catastrophe risk modelling specialist RMS.

Here are the ten most popular news articles, week ending 15th September 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.

In the main, funds investing in insurance-linked securities (ILS) and collateralised reinsurance are expecting any losses from hurricane Dorian that flow to the sector will be largely attritional in nature.

Insurance and reinsurance group Argo has again elected to extend the maturity date further on its at-risk aggregate multi-peril catastrophe bond Loma Reinsurance (Bermuda) Ltd. (Series 2013-1).

The prolonged low interest rate environment will maintain the focus on underwriting profitability as the industry moves towards the 1 January 2020 renewals, thinks Mike Van Slooten, Head of Business Intelligence, Aon’s Reinsurance Solutions.

Insurance-linked securities (ILS) and catastrophe bond issuance is likely to “materially increase” over the next nine months, according to Jean-Louis Monnier, Head of Retro & ILS Structuring and Origination at global reinsurance firm Swiss Re.

The availability of advanced data analytics is expected to increase and in some instances, this could accelerate the broadening of risks that are placeable in the insurance-linked securities (ILS) market, says Swiss Re’s Global Head of P&C Solutions, Eric Schuh.