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No room for complacency around earthquake risk: ILS Asia 2021

To the reinsurance and insurance-linked securities (ILS) market, earthquake risk is one of the biggest peril threats in the world and one that the market can’t be complacent about, according to Paul Wilson, Head of Non-Life Analytics at Securis Investment Partners. In recent years, the resilience of the ILS market has read the full article →

Jebi demonstrated importance of ILS investor communications: ILS Asia 2021

The impact and subsequent loss creep from typhoon Jebi in Japan in 2018 caught many insurance-linked securities (ILS) investors by surprise, but the eventual deviation from initial vendor model loss estimates doesn’t translate to a fundamental issue with the models themselves, say industry experts. Week two of our virtual ILS Asia read the full article →

Above-average typhoon season forecast for western North Pacific: Guy Carpenter

Reinsurance broker Guy Carpenter has warned of above-normal potential for tropical cyclones, or typhoons, in certain parts of the western North Pacific basin this year, with an above-average number of storms anticipated. Guy Carpenter warns that the number of tropical cyclones forecast to form in the western North Pacific between April read the full article →

Typhoon Hagibis loss development better than feared: Analysts

According to analysts, loss development from last year's Japanese typhoon Hagibis is not following the same path as 2018's Jebi, with the current prognosis being that development is much better than feared. After the industry-wide experience with 2018's typhoon Jebi and the resulting slow, creeping loss development, the insurance, reinsurance and read the full article →

Japanese cat bonds trade up as Jebi & Hagibis loss outlooks improve

Three tranches of catastrophe bonds exposed to Japanese typhoon wind damage have traded up around 10% in recent weeks, as the market's view of how large the eventual industry losses from typhoon Jebi and Hagibis will be has moderated somewhat. Both tranches of the $320 million Akibare Re Ltd. (Series 2018-1) read the full article →

Hagibis flood loss alone could reach $10bn, retro ILS most at risk: Twelve Capital

Industry losses from the flood driven damage of typhoon Hagibis could reach into the double-digit billion dollar range, according to ILS manager Twelve Capital, who also highlighted that in the ILS market it is collateralised retrocession that appears most at risk of performance impacts. Specialist ILS and reinsurance fund manager Twelve read the full article →

At up to $16bn, Hagibis industry loss to drive rates, with creep possible: KBW

Typhoon Hagibis loss impact on insurance, reinsurance and insurance-linked securities (ILS) markets is likely to drive further rate improvements at upcoming renewals, but the market should watch out for potential loss creep, analysts at KBW warn. After AIR Worldwide issued its first modelled industry loss estimate for typhoon Hagibis yesterday, saying read the full article →

Typhoon Hagibis industry loss estimated from $8bn to $16bn: AIR

Typhoon Hagibis is estimated as likely to cause an insurance and reinsurance market loss somewhere in a range from $8 billion to as much as $16 billion, by AIR Worldwide. The significant size of that range reflects the significant uncertainty in the eventual industry toll from the most recent typhoon to read the full article →

Hagibis + Faxai industry loss may be close to Jebi + Trami: Credit Suisse

An early estimate suggests that Japanese typhoon Hagibis could eventually drive in excess of $10 billion of insurance and reinsurance industry losses, which when added to the other recent typhoon Faxai could see the 2019 typhoon season leaving a larger dent in the industry than 2018's Jebi and Trami combined. It read the full article →

Hagibis loss complex to assess, ILS deductible erosion possible: Twelve

The assessment and quantification of insurance and reinsurance market losses after typhoon Hagibis is to be complex and likely prolonged as a result, but there is a chance of some performance impact to private collateralised reinsurance deals, according to ILS investment manager Twelve Capital. Specialist ILS and reinsurance fund manager Twelve read the full article →