Star Group lifts weather derivative protection slightly for 2025
Having recorded a lower benefit from its weather derivatives for the last contract year, US energy company Star Group (formerly Star Gas Partners) has lifted the top-end of its protection from the weather hedges for its fiscal year 2025. Star Group has been leveraging weather derivatives to hedge its risk for read the full article →
Pool Re’s Baltic terrorism cat bond reset at higher attachment to maintain interest spread
This year, Pool Re, the UK government backed mutual terrorism reinsurer, has reset its £100 million Baltic PCC Limited (Series 2022-1) terrorism catastrophe bond at a higher attachment point which has allowed it to maintain the interest spread at roughly the same level it was at issuance of the notes. Pool read the full article →
ILS capacity recovering in sidecars, ILW’s, collateralized reinsurance: AM Best
Capacity is increasing across the range of private insurance-linked securities (ILS) products, as fund managers and reinsurers have benefited from new inflows to structures and investors look to access the strong reinsurance market returns that are available, rating agency AM Best has said. But a single year of stellar returns, such read the full article →
RB Ventures launches in Dubai to connect investors with re/insurance opportunities
Rohit Boda, the Managing Director of India-headquartered insurance and broking specialist J.B. Boda Group, has launched a new Dubai-registered company named RB Ventures, which promises to connect investors with a range of re/insurance opportunities, from insurtech venture to connecting capital and risk through alternative risk transfer structures. RB Ventures aims to read the full article →
Best of Artemis, week ending August 18th 2024
Here are the ten most popular news articles, week ending August 18th 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. read the full article →
Northern Re, bridging the gap to casualty risk with a hybrid ILS approach
Backed by a private investment group, Northern Re is a reinsurance firm that views itself partly as a hybrid insurance-linked securities (ILS) manager, enabling its insurance company partners to access the benefits of ILS capacity without the usual contractual stipulations required by other collateralized providers, according to co-founder Peter McKelvy. In read the full article →
Hamilton’s third-party capital platform Ada Capital generating performance fees
Hamilton, the Bermuda based insurance and reinsurance holding company, has been generating a helpful addition to its earnings from performance fees earned by its Ada Capital Management third-party capital platform and its Ada Re collateralized reinsurance and retrocession underwriting vehicle, in recent quarters. Hamilton launched Ada Capital Management Limited in 2020 read the full article →
Fifth speaker announcement for Artemis London 2024 ILS market conference
With the day of the event approaching quickly, we are delighted to announce another four expert speakers for our catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd. Tickets for Artemis London 2024 are starting to sell fast, so please register soon if you want read the full article →
Hannover Re’s cat bond fronting hits record level, collateralised ILS activity expands in H1 2024
Global reinsurer Hannover Re has seen continued success in its business servicing and facilitating transactions in the collateralised reinsurance and insurance-linked securities (ILS) market in the first-half of 2024, with it notably beating its own full-year record for catastrophe bond limit fronted for already this year. In recent years, Hannover Re read the full article →
Arch confirms $163m Bellemeade Re 2024-1 mortgage ILS, adds $40.8m in reinsurance
Arch Capital, via its Arch Mortgage Insurance unit, has confirmed the issuance of the almost $163.2 million in Bellemeade Re 2024-1 Ltd. mortgage insurance-linked securities that we had first reported on more than a week ago, while also saying that it purchased almost $40.8 million in traditional reinsurance alongside them. In read the full article →
