Clear investment principles & judicious selection, key for ILS managers: Ruoff, Schroders Capital
As the insurance-linked securities (ILS) industry looks towards the end of year renewals, Stephan Ruoff of Schroders Capital told us that ILS managers need to maintain clear investment principles, stay disciplined and be judicious in their selection of risks and counterparties. Speaking with Artemis around the time of the Monte Carlo read the full article →
Many catastrophe models “out of step” with wildfire risk: Chaucer
Specialty insurance and reinsurance group Chaucer has said that it believes many of the catastrophe models are now "out of step" with wildfire risk and cannot accurately gauge the scope of potential damage from the peril. Chaucer said that severe weather pattern changes are now playing a key role in increasing read the full article →
First ILS structure in Brazil could be Andrina Seguros from IRB RE
The first insurance-linked securities (ILS) structure under Brazil’s regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk, could be named Andrina Seguros and sponsored by local reinsurance company IRB RE, according to a report. Brazil has designed its legislative and regulatory framework with domestic read the full article →
Hurricane Francine privately insured loss estimated close to $1.5bn: KCC
Private insurance market losses from recent hurricane Francine have been initially estimated as close to $1.5 billion by catastrophe risk modelling specialist Karen Clark & Company (KCC). As we reported last week, the market was expecting early estimates to fall in a range of around $1 billion to as much as read the full article →
Catastrophe bond market yield declines on peak hurricane seasonality
The seasonality effects of the peak of the US hurricane season approaching accelerated a decline in the overall yield of the catastrophe bond market in August, although it still ended the month at a very favourable 12.52%. US hurricane risk seasonality is a key driver of yield spreads in catastrophe bonds, read the full article →
Life reinsurance embraces third-party capital & sidecars: Damian Cooper, PWC Bermuda
The life reinsurance industry in Bermuda has embraced the use of third-party capital structures and investor relationships, with sidecars now an established and growing feature of the market, Damian Cooper of PwC Bermuda explained in a recent video interview. Our latest Artemis Live video interview is with Damian Cooper, an experienced read the full article →
AXA XL hires Chris Caponigro as Head of Reinsurance Capital Management
AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, has announced the hiring of experienced reinsurance and ILS executive Chris Caponigro as its new Head of Reinsurance Capital Management. The addition of Caponigro is seen as a move to further strengthen its third-party capital offering by AXA read the full article →
Recent cat bond losses highlight loss creep potential: Icosa Investments
After three recent partial or full defaults of catastrophe bonds due to rising losses from prior period events, Swiss headquartered cat bond fund manager Icosa Investments AG has highlighted the risk of loss creep as something investors need to be aware of when allocating to the asset class. In an update, read the full article →
Hurricane Francine aggregate erosion to take some cat bonds nearer attachment: Twelve
Hurricane Francine's losses after its landfall in Louisiana are not anticipated to cause any losses to per-occurrence catastrophe bonds, but the losses may be sufficient to cause further attrition for aggregate cat bonds, resulting in a further erosion of the deductibles that sit beneath their attachment points, according to Twelve read the full article →
Best of Artemis, week ending September 15th 2024
Here are the ten most popular news articles, week ending September 15th 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 →
