India moots parametric Pandemic Risk Pool, with bonds part of capacity

A working group of the Indian insurance and reinsurance regulator IRDAI has proposed the creation of a parametric Indian Pandemic Risk Pool, which could use pandemic bonds as part of its capacity. The regulator and Indian government tasked an industry working group with exploring the possibility of creating a pandemic risk pool focused on the…

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Hurricane Sally losses estimated between $1bn and $3bn by AIR

The insurance and reinsurance industry loss estimates for recent hurricane Sally are coming in thick and fast, with catastrophe risk modeller AIR Worldwide now releasing an official estimate for insured losses of between $1 billion and $3 billion. Photo by: Tony Giberson, Pensacola News Journal AIR’s estimate is based on industry insured losses to onshore…

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Hurricane Sally insured onshore property losses said $2bn by KCC

Onshore property losses for the private insurance and reinsurance market from recent hurricane Sally are estimated at just $2 billion by catastrophe risk modeller Karen Clark & Company. The estimate released today includes private insurance market losses caused by wind and storm surge damage to residential, commercial, and industrial properties and automobiles. KCC said that…

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GC / MMC’s Isosceles ILS platform in $25m private cat bond issuance

Isosceles Insurance Limited, the transformer and segregated cell structure operated by Marsh & McLennan Companies and reinsurance broker Guy Carpenter to issue privately placed insurance-linked securities or catastrophe bonds has completed issuance of another transaction. This $25 million Isosceles Insurance Ltd. (Series 2020-C1) transaction is the second deal to come to light from the issuance…

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CATCo gets another $68.9m of trapped collateral back from side pockets

The winding down and running-off of Markel CATCo Investment Management’s retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., continues apace, with the manager securing another $68.9 million release from side pockets established for potential loss reserves. The Markel CATCo managed retrocessional insurance-linked securities (ILS) fund has been successfully retrieving capital that had been…

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Best of Artemis, week ending 20th September 2020

Here are the ten most popular news articles, week ending 20th September 2020, 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. Register for our November reinsurance &…

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