reinsurance

Catastrophe bond funds in the UCITS format continued their strong growth through the end of last year, reaching a new high of just over $13.8 billion in cat bond assets under management, which represents very impressive 26% growth through 2024.

Autonomous Research has raised its estimate for insurance and reinsurance market losses from the Los Angeles, California wildfires to $25 billion and the research firm believes as much as $18 billion of the total may come from the Palisades fire alone.

The question of potential recoveries from subrogation of claims has emerged in relation to the ongoing wildfires in Los Angeles and Southern California, with electrical utility Southern California Edison in focus as questions arise over whether its equipment may have caused any of the fires.

We are delighted to reveal the final wave of speakers for our upcoming catastrophe bond and insurance-linked securities (ILS) conference. Artemis ILS NYC 2025 is being held in New York on February 7th. Tickets are still available but selling fast, so please register soon to ensure you can join us at the event.

Analysis from ICEYE, the provider of satellite data and services to inform decision-making and analysis, suggests that more than 10,900 buildings have likely been destroyed by the Palisades and Eaton wildfires in Los Angeles County.

The Bermuda Stock Exchange (BSX) has maintained its position as the leading exchange in the world for the listing of insurance-linked securities (ILS) instruments in 2024, with roughly 92% of outstanding catastrophe bond issuance finding a home there as of the end of the year.

Insurance-linked securities (ILS) fund managers delivered another positive month of returns to their investors in November 2024, with the average return of the Eurekahedge ILS Advisers Index reaching 1.03% on the back of positive returns for each of the 26 ILS fund strategies it tracks.

A number of catastrophe bonds have experienced negative secondary market price movements due to potential exposure to aggregate attachment erosion, or actual losses, from the Los Angeles and Southern California wildfires. Here we detail a number of the biggest movers, based on information seen and conversations with sources in the cat bond market.

Evercore ISI analysts have updated their estimate of the potential insurance and reinsurance market impact from the Los Angeles and Southern California wildfires, saying they believe the total could reach $20 billion to $25 billion, higher if the situation does not improve, while also suggesting the fires may be treated as one event for reinsurance […]

Gallagher Re is the first reinsurance broker to publicly provide a provisional industry loss estimate for wildfires impacting the Los Angeles and Southern California region, saying that total aggregated insured losses, largely from the Palisades and Eaton fires, are “expected to notably exceed USD10 billion.”