reinsurance

Here are the ten most popular news articles, week ending May 29th 2022, 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.

The Texas Windstorm Insurance Association (TWIA) has now successfully secured its new catastrophe bond backed reinsurance protection at an upsized $200 million, with pricing for the Alamo Re Ltd. (Series 2022-1) cat bond finalised at the top of initial guidance.

The latest catastrophe bond from US primary insurance giant Allstate has now been priced, with the Florida reinsurance-focused Sanders Re III Ltd. (Series 2022-2) multi-peril issuance eventually reaching $287.5 million in size, but at higher pricing.

Specialty insurance and reinsurance group Canopius has announced a restructure and has named Charles Craigs, who has led much of the firm’s activities in insurance-linked securities (ILS) and third-party capital, as its new Group Head of Reinsurance.

The California Earthquake Authority (CEA) has lowered its target for its latest catastrophe bond, with its target now for up to $255 million in collateralized California earthquake reinsurance protection through the Ursa Re II Ltd. (Series 2022-1) issuance.

Florida’s property insurance-focused special session of the legislature has now drawn to a close with the signing into law of a package of reforms by Governor Ron DeSantis, but for the insurance and reinsurance market uncertainty is set to persist as it will take time for the broad effects of the new legislation to be […]

Broking giant Aon has delivered a warning that the year is not going particularly well for its tracked reinsurance cohort so far in 2022, with global issues and major losses likely to reduce returns.

One of the most telling and timely findings of our latest global reinsurance market survey is related to a topic we’ve been covering regularly of late, the special session of the Florida legislature and its proposed property insurance market reforms.

At our recent ILS NYC 2022 conference in New York, speakers discussed the need to deliver a more predictable experience, where possible, to stakeholders such as insurance-linked securities (ILS) investors and reinsurance counterparties, during the first session of the day which is now available to view online.

The resilience of the global insurance and reinsurance market through periods of protracted stress makes investing into insurance-linked debt a reliable component for any investors fixed income allocation, according to asset manager Twelve Capital.