Covid-19 news, analysis and information of relevance to the insurance-linked securities (ILS), catastrophe bond and reinsurance capital markets.
The Covid-19 coronavirus 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.
The secondary market for catastrophe bond trading has offered some good opportunities in recent times, but with the focus now back on primary issuance, it’s an interesting moment for investors, says Stephan Ruoff of Schroder Secquaero.Ruoff, the Deputy Head of insurance-linked securities (ILS) asset manager Schroder Secquaero, a specialist division read the full article →
The Covid-19 pandemic is like a "live cat" for the reinsurance industry, one that will keep on driving losses, and this combined with the challenges caused by recent consecutive catastrophe loss years appears to have driven the market into a phase of "sustainable hardening," analysts at JMP Securities have said.Having read the full article →
The global reinsurance market will fail to make returns above its cost-of-capital due to the impacts of the Covid-19 coronavirus pandemic, Fitch Ratings has said following a review of ratings in the sector.Cost-of-capital has been something the reinsurance sector has been struggling to earn for a number of years now.Around read the full article →
Institutional investors and their investment consultants are extolling the defensive virtues of the ILS asset class of late, as once again allocations to insurance and reinsurance linked investments proved themselves largely uncorrelated to broader financial market contagion during the Covid-19 pandemic.While the catastrophe bond market saw selling pressure leading to read the full article →
H.R. 7011, or the Pandemic Risk Insurance Act of 2020, has been introduced by politicians and industry leaders including insurance and reinsurance market representatives and proposes the creation of a Pandemic Risk Reinsurance Program to compensate for business interruption caused by future pandemics.The bill has been in the works for read the full article →
Hurricane loss events that impact a particularly widespread area, even with lower wind speeds, could be the catastrophes that see a much greater degree of loss amplification and inflation due to the ongoing Covid-19 pandemic, according to Karen Clark & Company.The catastrophe risk modelling specialists highlighted in a report that read the full article →
Michael Millette, Founder & Managing Partner at Hudson Structured Capital Management, a specialist alternative asset manager with a focus on sourcing insurance and reinsurance linked returns for its investors, joined us for our latest video interview.All of our Artemis Live video interviews can be accessed directly from our YouTube Channel read the full article →
Reinsurance sidecars as a source of protection are in high-demand right now, as ceding companies look to bring third-party capital support into their business models to help buffer against any potential downside caused by catastrophe losses through the year ahead.Our sources said that demand for reinsurance sidecar capacity is perhaps read the full article →
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 →