Coronavirus news, analysis and information of relevance to the insurance-linked securities (ILS), catastrophe bond and reinsurance capital markets.
The coronavirus Covid-19 outbreak of 2019/20 caused significant disruption and threatened losses across insurance and reinsurance markets, with some ramifications for ILS and cat bond investors and sponsors as well.
Although the Covid-19 pandemic has undoubtedly stunted primary catastrophe bond issuance, for the most part, deals will get done and it’s possible that activity in the second-half of the year exceeds expectations, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities.As part of our series of video interviews read the full article →
Market forces suggest that 2021 could see the hardest property and casualty (P&C) insurance and reinsurance market conditions for a long time, according to equity analysts at Wells Fargo Securities.The stars are aligning in the P&C re/insurance space, with losses set to flow from the Covid-19 pandemic and the end-result read the full article →
The current dislocation of the mortgage insurance-linked securities (ILS) market due to the Covid-19 pandemic is likely to cause mortgage reinsurance rates to rise, impacting the originate to distribute model of many mortgage insurers.Over the last few years, issuance of mortgage insurance-linked securities (ILS), or mortgage insurance linked notes (ILN), read the full article →
U.S. insurance and reinsurance industry associations have launched a proposal for a industry-backed pandemic risk backstop, called the Business Continuity Protection Program (BCPP) as an alternative to the legislative proposal for a Pandemic Risk Insurance Act (PRIA) reinsurance backstop.The National Association of Mutual Insurance Companies (NAMIC), the American Property Casualty read the full article →
We have another new addition to our Artemis Live series of video interviews with leaders of the insurance-linked securities (ILS) and reinsurance markets this week, featuring Sean Bourgeois, Founder & CEO of technology-based programmatic insurance and reinsurance risk transfer marketplace provider Tremor Technologies Inc.All of our Artemis Live video interviews read the full article →
This week the newest addition to our Artemis Live series of video interviews with leaders of the insurance-linked securities (ILS) and reinsurance markets features Cory Anger, Managing Director of GC Securities, the specialist ILS and capital markets unit of reinsurance broker Guy Carpenter.All of our Artemis Live video interviews can read the full article →
Insurance-linked securities (ILS) fund managers and reinsurance companies managing third-party capital are likely to see continuing volatility in terms of investor inflows and outflows, as the broader implications of the Covid-19 pandemic continue to emerge.While an economic recovery is hoped for in the long-run, the hit to global economies and read the full article →
With valuation of insurance-linked securities (ILS) and collateralised reinsurance investments already a process that requires significant expertise, the threats posed by the Covid-19 pandemic add more complexity to setting fair valuations, Horseshoe’s JB Crozet told us.JB Crozet is Senior Vice President of Advisory Services & Head of the London Office read the full article →
The collateralised reinsurance sidecar market and private quota share transactions entered into by insurance-linked securities (ILS) funds and investors may face the highest impacts from Covid-19 pandemic related claims, A.M. Best has said.We've been raising the subject of sidecar and quota share ILS market and investor exposure to claims from read the full article →
Despite the capital markets enduring the biggest shift since the financial crisis, driven by the impacts of the Covid-19 pandemic, investment appetite for insurance-linked securities (ILS) assets remains healthy, according to David Flandro, Managing Director at Hyperion X.In a video interview with Artemis, available in full here along with other read the full article →