Global reinsurers to continue seizing opportunity of hard property cat market: S&P
The large global reinsurance companies are expected to continue seizing the opportunity in property catastrophe risks while the market's pricing remains hard, S&P believes. The majority of the top reinsurers increased their natural catastrophe exposure during 2023 and there is evidence from results so far in 2024 that this trend has read the full article →
US cyber industry loss index expanded to cover unintentional events
The US cyber insurance industry loss index launched in 2023 by PERILS AG and CyberAcuView has now been expanded to also include reporting on unintentional, or accidental, cyber insurance industry loss events. The industry loss index that covers primary cyber insurance market loss events in the United States was launched in read the full article →
Best of Artemis, week ending September 22nd 2024
Here are the ten most popular news articles, week ending September 22nd 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. Ten most read the full article →
Reset in pricing is persistent. Property cat in a good state of equilibrium: RenRe CEO
Speaking during the last RenaissanceRe earnings call, CEO Kevin O'Donnell explained that he believes the reset achieved in property catastrophe pricing is proving to be persistent. RenaissanceRe executives said that they believe around $20 billion of new demand for property catastrophe reinsurance limit has been seen and they expect demand to read the full article →
RVS Roundtable: Opportunities to innovate, returns are attractive in all ILS segments
Currently, there are attractive returns in all segments of the insurance-linked securities (ILS) universe, and while conditions are expected to remain favourable amid increased demand for protection, there's still opportunities to innovate and bring more product and capital to market, according to industry executives. At the 66th Rendez-Vous de Septembre (RVS) read the full article →
KatRisk reveals advanced SCS model to revolutionise risk management for insurers
Catastrophe risk software provider KatRisk has unveiled a Severe Convective Storm (SCS) Model designed to transform how the insurance industry manages volatile weather risks, such as hail, tornadoes, and straight-line wind. According to the firm, the need for advanced risk management tools has never been more critical, given that severe convective read the full article →
ILS a versatile, adaptable midfield player offering strong, reliable returns: WTW
Insurance-linked securities (ILS) such as catastrophe bonds are seen as a versatile and adaptable diversifying strategy that can can provide investors strong, reliable return potential, particularly on a risk-adjusted basis, the Liquid Diversifiers team at WTW has said. Likening the construction of a well-rounded investment portfolio to that of selecting a read the full article →
Allstate’s Q3 cat losses up to $814m, Calgary hail event leads to $225m reinsurance recovery
Large US primary insurer Allstate has reported estimated catastrophe losses of $306 million for the month of August, with $75 million, or approximately 25% related to a hail event in Calgary, Canada. Allstate has revealed that the Calgary hail estimate includes reinsurance reinstatement premiums and is net of anticipated reinsurance recoveries read the full article →
Alternative capital an important part of reinsurance capital structure: Baertschi, Swiss Re
Alternative capital has become an important part of the reinsurance industry's capital structure, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re. In a recent Artemis Live video interview, Baertschi highlighted the important role of alternative capital and insurance-linked securities (ILS), saying also that there is the potential for read the full article →
Cloud outage risk can be diversified, risk transfer still key: Aon & Parametrix
Analysis from broking group Aon and Parametrix, a specialist in parametric cloud downtime cyber risk transfer, shows that it is possible to gain diversification within cyber portfolios that have cloud outage risk concentrations, with geography one way to achieve that. Recall that cloud outage risk is one of the main systemic read the full article →
