reinsurance

Private ILS funds outpaced pure catastrophe bond funds in the full-year performance of the Eurekahedge ILS Advisers Index, while the average return across all of the insurance-linked securities (ILS) fund strategies tracked was 13.10% for 2024.

Since the very first deal came to market almost three decades ago, the cumulative value of catastrophe bonds and related insurance-linked securities (ILS) we’ve analysed and tracked has now surpassed $180 billion of issuance, according to our Artemis Deal Directory.

The global market for property catastrophe reinsurance is getting more competitive and analysts at Evercore ISI say they expect capital flows to the sector will continue, which they believe could result in demand being outstripped.

The Insurance Development Forum (IDF) has named Ivo Menzinger of Swiss Re as the new Chair of its Operating Committee (OpCo), succeeding  Rowan Douglas CBE, CEO of Climate Risk & Resilience at Howden who had been instrumental in the creation of the IDF and chaired the OpCo since its launch.

According to ratings agency AM Best, underlying insurance-linked securities (ILS) capital expanded throughout 2024 due to a large quantity of investors reinvesting their earnings across the market, which further expanded deployable ILS capacity.

Hiscox Group is back in the catastrophe bond market seeking $200 million in retrocessional North American peak peril reinsurance protection from the capital markets with an Ocelot Re Ltd. (Series 2025-1) issuance, Artemis can report.

Lloyd’s of London CFO Burkhard Keese is to depart the market to focus on investment roles in the German insurance sector, but he is set to remain a strategic advisor with a focus on developing the risk transfer vehicle London Bridge 2.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, reported a significant 39% increase in fee income generated from its work with third-party investors for full-year 2024.

With a widening crisis protection gap evident around the world there is a need for a transformational expansion in the use of insurance and reinsurance mechanisms to transfer risks to the capital markets, according to a report from the High-Level Panel on Closing the Crisis Protection Gap.

The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”