Best of Artemis, week ending August 11th 2024
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. read the full article →
No direct cat bond impact but aggregate erosion possible from hurricane Debby: Twelve
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. Swiss-headquartered cat bond and read the full article →
Everest’s cessions of premiums to Mt. Logan Re accelerated in Q2
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. After the first-quarter, we reported that the year had begun strongly for Mt. Logan read the full article →
Nagaland renews parametric insurance, with SBI General, Munich Re & GIC Re support
Nagaland, a mountainous state in northeast India, remains the first state in India to buy parametric disaster insurance to protect itself and its critical infrastructure against the impacts of natural catastrophes. State focused parametric insurance solutions have been adopted in some other countries, often as pilot schemes to try out a read the full article →
Artemis London 2024: Who can you meet with 75 organisations already registered?
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. For read the full article →
Aon hires Gallant as COO for Marilla Investment Management. Capital raised?
Broking giant Aon has hired Teresa Gallant from Canopius to become the Chief Operating Officer for its Marilla Investment Management Ltd. entity that offers reinsurers and investors a route to access returns from a globally diversified book of reinsurance. It also appears some capital may have been raised for a read the full article →
Hurricane Debby private & public market insured loss seen below $2bn: Gallagher Re
According to broker Gallagher Re, hurricane Debby is expected to be a very manageable event for the insurance and reinsurance industry, with water driving a relatively significant proportion of a private and public market insured loss of up to $2 billion. Having made landfall in the Florida Panhandle as a Category read the full article →
Locke Lord hires ILS lawyer J.P. Hong, targets ILS as strategic growth area
Full-service global law firm Locke Lord has announced the hiring of J.P. Hong, an experienced insurance-linked securities (ILS) lawyer that previously worked at Sidley, seeing the ILS market as a strategic growth area for the company. J.P. Hong has joined Locke Lord in the firm's Chicago office as a Partner in read the full article →
New $7m Eclipse Re deal takes 2024 private cat bond issuance to $375m
Artemis has learned of another private catastrophe bond issuance by the Artex Capital Solutions managed Eclipse Re Ltd. structure, with a just over $7 million Eclipse Re Ltd. (Series 2024-5A) taking the issuance of private catastrophe bonds, or cat bond lites, to almost $375 million in 2024 so far. This is read the full article →
Aeolus CEO Bernstein becomes Head of Portfolio Management as Winters to depart
Andrew Bernstein, the CEO of specialist insurance-linked securities (ILS) and reinsurance investment manager Aeolus Capital Management Ltd., will become the Head of Portfolio Management at the firm, as co-head Evan Winters is to depart at the end of this year. Bernstein and Winters were both co-heads of portfolio management, but with read the full article →
