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Gradual pick-up of ILS transactions expected in Asia: Fitch

Insurance-linked securities (ILS) and catastrophe bond activity is expected to gradually accelerate in the Asia region, providing investor interest in the ILS asset class remains strong, according to Fitch Ratings.While insurance-linked securities (ILS) and collateralized forms of reinsurance in general are familiar concepts in North America and Europe, there has read the full article →

CATCo listed fund NAV’s continue rise, but shares priced far below

On a net asset value (NAV) basis, the CATCo Reinsurance Opportunities Fund continued to deliver positive NAV returns in July, but at the same time the share price continues to languish, as much as 135% below their net asset value in the case of one class.Of course, the CATCo Reinsurance read the full article →

Orbital Micro Systems targets enhanced weather insights for re/insurance & ILS

More granular and higher resolution satellite data from earth observations are set to improve weather and catastrophe event insights for the insurance, reinsurance and insurance-linked securities (ILS) industry, according to the CEO of Orbital Micro Systems.Orbital Micro Systems is a specialist in technology and data for space applications, with expertise read the full article →

Firm reinsurance rates to persist through January 2020 renewal: Fitch

The firm(er) reinsurance market conditions seen of late are expected to persist through the key January 2020 renewals, according to analysts at Fitch Ratings.As a result, Fitch expects that reinsurers will boost their capitalisation and put it to good use, through the retention of more capital in the near term read the full article →

Guy Carpenter wins California Wildfire Fund reinsurance program

Reinsurance broker and advisor Guy Carpenter has been selected as the sole reinsurance and risk transfer intermediary for the recently established California Wildfire Fund, which is administered by the California Earthquake Authority (CEA).As we previously reported, the California Earthquake Authority (CEA) has gained an expanded remit by taking on administrative read the full article →

CFAN forecasts 8 hurricanes, 2 U.S. landfalls, 1 Florida landfall in 2019

Having proved correct in forecasting that El Niño conditions would weaken and transition to ENSO neutral by peak hurricane season this year, Climate Forecast Applications Network (CFAN) has now raised its forecast for the 2019 Atlantic hurricane season, now expecting 8 hurricanes to form.Right back in April, Climate Forecast Applications read the full article →

Swiss Re cedes more of its catastrophe risks to retro in 2019

Reinsurance giant Swiss Re has been expanding its natural catastrophe risk underwriting in recent months, but along with this has ceded roughly 4% more of its catastrophe risk exposure to sources of retrocession, compared to the prior year.Recently we explained that Swiss Re has been embracing the capital markets more, read the full article →

Cobbs Allen combines investment bank & insurance broker in CAC Specialty

Independent U.S. risk management and insurance broker Cobbs Allen has launched a new unit focused on bringing together investment banking and insurance to create risk transfer solutions for corporates and private equity sponsors.The specialty broking unit CAC Specialty represents the "next wave in the long-term convergence of insurance and capital read the full article →

California wildfire reinsurance may rise 30%-70% as market smarts from losses: S&P

Rates for renewals of California wildfire exposed reinsurance programs or coverage could see increases of as high as 30% to 70%, as both traditional and alternative markets smart after two heavy loss years, according to S&P Global Ratings.Insured losses across the 2017 and 2018 California wildfire seasons reached around $33 read the full article →

CATCo 2019 deals show 6% H1 return, but new side pockets needed

Despite the fact it is set for run-off it is interesting to note that the 2019 portfolio underwritten for the CATCo Reinsurance Opportunities Fund has delivered a 6% net asset value return in the first-half of the year to one class of shareholders.The CATCo Reinsurance Opportunities Fund is being wound read the full article →