Investments
Irma loss creep may accelerate as statute runs down, warns A.M. Best
Loss creep from 2017’s hurricane Irma may accelerate over the next few months as the statute of limitations for filing claims approaches in September, rating agency A.M. Best warned today. Policyholders have a three-year window to file property insurance claims from hurricanes in Florida and for hurricane Irma that will expire in September 2020. As…
Read MoreDividend Income Summary: Lanny’s June 2020 Summary
The stock market continues to rise and dividend income keeps coming in. The uncertainty is still significantly high and the direction the stock market is going does not make sense. However, dividend income continues to fuel the mission to financial freedom. In June, we set another record for dividend earnings and it shows proof that…
Read MoreCCRIF renewals see members split policies to calibrate parametric coverage
At this year’s renewal of member country policies for the CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility), some have elected to split coverage across multiple policies, enabling them to better calibrate or target their parametric disaster insurance protection. At the renewals this year, members of the CCRIF renewed an expanded parametric…
Read MoreUnipol set to secure €100m Azzurro Re II cat bond within price guidance
Italian primary insurance company UnipolSai Assicurazioni S.p.A. looks set to secure its latest catastrophe bond backed source of reinsurance coverage within the initial price guidance and with the European earthquake catastrophe bond Azzurro Re II DAC (Series 2020-1) still on target at EUR 100 million. Many cat bonds issued in recent weeks have priced towards…
Read MoreWorld Bank shelves plan for PEF 2.0 & further pandemic cat bonds: Report
Media reports state that the World Bank has shelved plans for any future issuance of pandemic catastrophe bonds and for a version two of its Pandemic Emergency Financing Facility (PEF). This is despite the fact the first issuance of PEF supporting pandemic bonds paid out, as the terms dictated they would, for the Covid-19 coronavirus…
Read MoreFragile market, perhaps significant ILS capital trapping, to sustain rates – CS analysts
The reinsurance marketplace remains fragile after a number of years of subpar returns and more recent stresses, which is expected to help price increases continue into 2021, albeit at decelerating positive rate levels, according to equity analysts at Credit Suisse. Having spoken with reinsurers and also insurance-linked securities (ILS) sector experts, analysts from Credit Suisse…
Read MoreAustralia bushfire loss estimate raised 19% to A$1.86bn by PERILS
An estimate of insurance and reinsurance industry losses from the severe bushfires in Australia over the last season has been raised by 19%, with the hours clause appropriate seven consecutive day period loss now seen as A$1.86 billion (almost US $1.3bn) by PERILS AG. Zurich based industry backed catastrophe loss data aggregator PERILS AG opted…
Read MoreBest of Artemis, week ending 5th July 2020
Here are the ten most popular news articles, week ending 5th July 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. Ten most read articles on Artemis.bm,…
Read MoreFacebook Stock Crashes Due To Ad Boycott – Key Investing Points
Facebook, Inc. (NASDAQ:FB) stock crashed 8.32% on Friday because of the announced ad boycott by many companies like Unilever, Coca Cola, recently Starbucks on Sunday that might push the stock down even more during this week. Q2 2020 hedge fund letters, conferences and more However, investing is about knowing how to differentiate between the […]
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