Insurance linked securities news, ILS news

Articles discussing insurance linked securities (ILS), ILS fund managers, insurance-linked securities funds, insurance-linked security transactions such as catastrophe bonds, and other reinsurance linked investment initiatives.

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UNDP launches Insurance & Risk Finance Facility, ILS support anticipated

The United Nations Development Programme (UNDP) has today launched the Insurance and Risk Finance Facility (IRFF), a new initiative that aims to build financial resilience and bridge a $1.4 trillion global health, mortality, and disaster protection gap, with support from the insurance-linked securities (ILS) market expected in future. Importantly, this Insurance read the full article →

Fading momentum, but better reinsurance margins (for a time): Fitch

While the momentum behind rate firming in reinsurance has continued to fade so far this year, the direction of travel has been positive and better margins are ahead for the reinsurance sector, according to Fitch Ratings. Fitch has revised its fundamental outlook for the global reinsurance sector to ‘Improving’ from ‘Stable’, read the full article →

Markel CATCo fund chairman suggests further subrogation recoveries possible

Having announced this morning that a proposal has been made to investors to speed the running-off and return of capital of the Markel CATCo retrocessional reinsurance investment funds, the half-year report of the manager's public fund suggests further wildfire subrogation related recoveries are possible. The proposal announced this morning from Markel read the full article →

China regulator calls on insurers to sponsor cat bonds in Hong Kong

China's insurance regulator has called on insurers in the country to look to sponsor catastrophe bonds in Hong Kong as a way to access diversified sources of reinsurance capacity and offload peak natural catastrophe risks. The China Banking and Insurance Regulatory Commission (CBIRC) said in a notice that domestic Chinese insurers read the full article →

Reinsurers managing ILS capital among the best positioned: Moody’s Kingsley-Tomkins

Reinsurance companies that are actively managing third-party capital in insurance-linked securities (ILS) vehicles are some of the best positioned to take advantage of the current favourable underwriting conditions, according to Moody's Insurance Credit Analyst, Helena Kingsley-Tomkins. Speaking during a briefing this morning, Moody’s Investors Service VP and Insurance Credit Analyst, Helena read the full article →

Markel funded buy-out proposal seeks to speed return of CATCo capital

A new proposal from Markel CATCo Investment Management and Markel Corporation seeks to speed the return of capital from the CATCo retrocessional reinsurance investment funds to investors, while avoiding any complications to the ongoing running-off from legal claims made. According to documents filed with the London Stock Exchange this morning, Markel read the full article →

Best of Artemis, week ending September 26th 2021

Here are the ten most popular news articles, week ending September 26th 2021, 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. Ten most read the full article →

Retro softened through 2021, with ILW prices down materially: GC’s Cook

The retrocession market failed to harden as hoped for through 2021, with in some cases rapid and material declines in pricing seen, especially in industry loss warranty's (ILWs'), according to Guy Carpenter's Sebastian Cook. Speaking during a recent media briefing, Cook, who is Head of London, Europe at reinsurance broke Guy read the full article →

Climate change not yet a significant determinant of reinsurance pricing: S&P

Analysis from S&P Global Ratings suggests that reinsurance firms may be underestimating their natural catastrophe exposures by anywhere from 33% to as much as 50%, as they grapple with incorporating climate change into their decision-making process. After running a stress test on reinsurance firms designed to illuminate the potential exposure to read the full article →

Discipline persists despite new capacity: Hannover Re’s Althoff

The upward trajectory of rates on line will continue at the January 1st 2022 reinsurance renewals, including European accounts hit by losses this year, according to Sven Althoff, executive board member at Hannover Re. "While the barriers to entry for P&C are relatively low, it is a cyclical business," he told read the full article →