reinsurance

According to the Florida Office of Insurance Regulation (OIR), for the first time in years its Annual Reinsurance Data Call has found that, on average, insurance carriers operating in the state have seen a decrease in the price of their reinsurance.

The Early Bird rate for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd will end after tomorrow (Aug 13th). So if you plan to attend Artemis London 2024 you should register very soon to secure the lowest price attendance.

US weather service NOAA and the Colorado State University (CSU) tropical meteorology team have updated their forecasts for the 2024 Atlantic hurricane season and while they have reduced slightly the number of named storms expected, overall the forecast still calls for a very active hurricane season this year.

Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued another private catastrophe bond, with just over $10 million of Seaside Re (Series 2024-61) notes sold to investors.

German insurer Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has provided an update on its losses from the severe flooding that struck southern parts of Germany in June 2024, highlighting they remain well-below the attachment point of its King Max Re DAC 2023 catastrophe bond, Artemis has learned.

Global reinsurance company Hannover Re has continued to expand its business at the mid-year renewal season, reporting 11.5% growth in premiums and a “favourable market” environment that still delivered price increases.

Here are the ten most popular news articles, week ending August 11th 2024, 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.

With hurricane Debby private insurance market losses looking set to come in around the $1 billion or below level, ILS investment manager Twelve Capital has said that no direct impacts to catastrophe bonds would be expected, but continued aggregate erosion to certain cat bonds is more likely.

Global insurance and reinsurance specialist Everest has continued to cede more in the way of premiums to its Mt. Logan Re third-party capital platform in the second-quarter, with the growth accelerating at an ever faster rate year-on-year.

Today we wanted to give you an idea of who can meet at our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd. A few early Bird tickets for Artemis London 2024 are still available, so register soon to secure the best price attendance.