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Life ILS outlook positive despite Covid-19, says Securis’ Luca Tres

The ongoing Covid-19 pandemic is expected to have a limited impact on the life insurance-linked securities (ILS) sector, and despite the outlook for life insurance markets being downgraded, the future looks positive for life ILS.This is according to Luca Tres, Partner at Securis Investment Partners, who in a recent interview read the full article →

Mortgage ILS sponsors on negative watch due to coronavirus credit risk: S&P

The main insurers that sponsor mortgage insurance-linked securities (ILS), or mortgage insurance-linked notes (ILN), as a way to secure reinsurance from the capital markets to protect their mortgage insurance books, have all had their ratings placed on a negative watch by S&P.S&P Global Ratings said that is has revised its read the full article →

Disruptive with benefits – Third-party capital still a threat to stable reinsurers, says A.M. Best

Third-party reinsurance capital from the insurance-linked securities (ILS) market and alternative capital vehicles remains a threat to the stable outlook for the global reinsurance market, rating agency A.M. Best believes.While the rating agency highlights the fact that in reinsurance "traditional capacity has become more closely aligned with third-party capital," it read the full article →

APEC wants regional catastrophe bond market for Asia-Pacific

A regional catastrophe bond market for the Asia-Pacific region has become a focus of the business focused arm of the Asia-Pacific Economic Cooperation (APEC).APEC has long been a supporter of the use of insurance-linked securities (ILS), such as catastrophe bonds for disaster risk financing using the capital markets as a read the full article →

Best of Artemis, week ending 5th April 2020

Here are the ten most popular news articles, week ending 5th April 2020, 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 →

Bermuda re/insurers pay $19bn of wildfire & typhoon claims in three years

Insurance and reinsurance firms located in Bermuda have paid a huge $19 billion of claims for losses caused by California or Australia wildfires and Japanese typhoons in just the last three years.The California wildfires of the last three years and the Japanese typhoons of the last two have been some read the full article →

ILS capacity tightening to influence June renewals: A.M. Best

An expected tightening of third-party reinsurance capital from insurance-linked securities (ILS) funds and structures is likely to influence pricing at the upcoming mid-year reinsurance renewals, according to A.M. Best.The rating agency explained that while the reinsurance market is adapting to operating under Covid-19 coronavirus pandemic conditions, the fact ILS capacity read the full article →

U.S. severe weather & tornadoes drive billion dollar loss this week: Aon

This weeks severe weather, convective storms and tornado outbreaks across the central and eastern U.S. could drive economic losses of over $1 billion, while the insurance and reinsurance market impact is likely in the hundreds of millions of dollars, according to Aon.Impact Forecasting, the risk modelling and forecasting focused unit read the full article →

Hurricane forecasts for 2020 point to above average season

Hurricane forecasts for the 2020 Atlantic hurricane season so far point to an above average year of activity ahead, with the early forecasts suggesting meteorological similarities with some particularly active historical seasons.The insurance, reinsurance and insurance-linked securities (ILS) market always watches the tropics with trepidation, given the potential for significant read the full article →

Premiums ceded to Mt. Logan Re outpaced losses in 2019 for Everest Re

Global insurance and reinsurance group Everest Re ceded more premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in 2019 than losses, the first year since 2016 when catastrophe impacts have been far outpaced by premium growth.While 2019 saw its fair share of major global catastrophe loss events read the full article →