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Climate change adaptation financing can benefit from partnership with ILS

Climate change adaptation projects and the need for them are rising up the agenda, as a recent surge in damages from severe weather and climate related catastrophe events concentrates the mind on the importance of investing in this area.Public authorities are showing renewed and increasing interest in climate adaptation, while read the full article →

Investors seek “reinsurance pricing story” (but it’s already baked into shares)

Investors in traditional reinsurance companies are anticipating that the end of year renewals will reveal a "reinsurance pricing story" and this has already been baked into share prices, meaning reinsurers that fail to hold out on rates could risk disappointing their shareholders.Analysts from Barclays say that European reinsurers, including the read the full article →

Markel CATCo listed retro fund adds new director

Markel CATCo Investment Management has added a new director to its stock exchange listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd.The Board of the retro reinsurance fund announced that they have appointed Arthur Jones as a non-executive Director effective yesterday. Jones will also read the full article →

Hagibis loss creep may not emerge until after April renewal, some fear

There are fears in the market that typhoon Hagibis is going to end up repeating what was seen with last year's typhoon Jebi, with loss creep emerging after the April reinsurance renewal again, potentially to the detriment of those hoping for significant rate increases.A number of sources have said that read the full article →

Fitch raises normal catastrophe loss year expectation for Germany

Catastrophe loss activity has been on the rise in Germany and while there haven't been any really major single event impacts the aggregation of these losses has been having a rising impact on insurance and some reinsurance capital deployed there.Reflecting the increased catastrophe loss experience of recent years in Germany read the full article →

Zimbabwe to get ARC parametric drought & replica cover via WFP

The government of Zimbabwe has approved the purchase of a parametric drought insurance policy from the African Risk Capacity (ARC) and will also benefit from a replica cover purchased by the World Food Programme (WFP).In becoming a policyholder of an ARC parametric insurance cover, Zimbabwe will better insulate itself against read the full article →

Swiss Re’s reinsurance sidecar Sector Re nears $1.1bn in size

Global reinsurance company Swiss Re has significantly increased its use of alternative or third-party investor capital within its collateralised retrocessional reinsurance sidecar vehicle Sector Re Ltd., taking the vehicles total assets to close to $1.1 billion this year.In fact, Swiss Re's sidecar vehicle Sector Re has increased in size by read the full article →

GrainCorp set for pay-out from 10-year drought derivative contract: Report

According to a media report, Australian agribusiness giant GrainCorp looks to be eligible to claim as much as AU $57.3 million in a pay-out under the 10-year risk transfer arrangement it entered into this year that protects it against grain production variability, particularly from drought.The Australian Financial Review (AFR) has read the full article →

Red Cross’ volcano cat bond targets multi-continent coverage from Q1 issue

Over 800 million people live within 100km of an active volcano around the world. To prepare for a potential eruption, the Danish Red Cross and International Federation of Red Cross and Crescent Societies, alongside industry partners, are planning a catastrophe bond to cover risks associated with 10 volcanoes in 4 read the full article →

Have reinsurers lost their pricing power?

Reinsurance pricing is often put down to relatively simplistic factors related to supply (of capital) and demand (for protection). But when it comes to major reinsurers there are other levers, although right now they don't seem to be pulling them.Clearly we're in a market where reinsurance pricing is firming, after read the full article →