Reinsurance growth expectations reset higher as market recalibrates on losses: Berenberg
As the global reinsurance industry absorbs the realisation that the California wildfires have driven a particularly costly start to the year, analysts at investment bank Berenberg say this may recalibrate expectations for catastrophe losses across the insurance sector, leading to higher growth expectations among reinsurance capital providers. The analysts refer back read the full article →
Kairos and CHAZ Brokers develop parametric typhoon cover for offshore aquaculture firm
Kairos Risk Solutions, a regional risk consultancy firm headquartered in Singapore, in collaboration with Thailand-based insurance broker, CHAZ Insurance Brokers, has finalised a parametric insurance solution designed to protect an offshore aquaculture firm against the impact of typhoons in the South China Sea region. According to Kairos, this is the first read the full article →
Potential wildfire cat bond losses may bolster investors’ desire for greater returns: AM Best
A number of catastrophe bonds have seen negative price movements due to potential exposure to the Los Angeles wildfires. As insured loss estimates from the event fluctuated, bond prices dropped by an average of 10% to 20%. But the potential for cat bond capacity to be utilised may strengthen bondholders' read the full article →
Moody’s hires PCS’ Alex Mican for ILS advisory and business development
Alex Mican, the former Head of PCS Global Strategy and Growth at Verisk, has now joined Moody's in a role focused on insurance-linked securities (ILS) advisory and business development. Mican has joined the Moody's Insurance Advisory team as a Director and will be tasked with helping to continue to work with read the full article →
Intersection of legacy and ILS could drive deal flow in 2025: PwC
According to PwC, the legacy insurance and reinsurance market continues to evolve, as highlighted by insurance-linked securities (ILS) transactions announced by legacy and run-off reinsurance specialist Enstar in the second half of 2024, while the firm also suggests that the convergence of traditional legacy and ILS "could be a source read the full article →
Allstate seeks $300m occurrence multi-peril reinsurance from Sanders Re 2025-1 cat bond
US primary insurer Allstate has returned to the catastrophe bond market in search of $300 million or more in multi-peril per-occurrence catastrophe reinsurance protection from the capital markets with a Sanders Re II Ltd. (Series 2025-1) issuance, Artemis can report. For Allstate, this latest catastrophe bond will be the twenty-first in read the full article →
Hiscox secures $200m Ocelot Re 2025 cat bond at reduced pricing
Hiscox Group has now successfully secured the targeted $200 million of retrocessional North American peak peril reinsurance protection from its Ocelot Re Ltd. (Series 2025-1) catastrophe bond transaction, with one tranche of notes priced at the mid of initial guidance, while the second priced at the low-end of reduced guidance, read the full article →
Best of Artemis, week ending February 16th 2025
Here are the ten most popular news articles, week ending February 16th 2025, 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 →
Cat bond market made ~$440m of recovery payments to sponsors in 2024: Swiss Re
Over the course of 2024 there were a number of recoveries made under catastrophe bonds, however these were primarily driven by cat losses that occurred in prior years, in particular both hurricane’s Ian and Otis, according to Swiss Re Capital Markets, the investment banking and insurance-linked securities (ILS) division of read the full article →
Security First raises First Coast Re IV 2025 cat bond target, now up to $250m
Artemis has learned that Security First Insurance Company, a specialist Florida domestic homeowners insurer, has now raised its target for named storm reinsurance from its latest visit to the catastrophe bond market, now aiming to secure up to $250 million of protection from its new First Coast Re IV Ltd. read the full article →
