Financial

A regional catastrophe bond market for the Asia-Pacific region has become a focus of the business focused arm of the Asia-Pacific Economic Cooperation (APEC). APEC has long been a supporter of the use of insurance-linked securities (ILS), such as catastrophe bonds for disaster risk financing using the capital markets as a source of reinsurance, and…

Here are the ten most popular news articles, week ending 5th April 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,…

Arbol, a technology driven marketplace that uses blockchain and smart contracts, has acquired well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk, as it looks to revolutionise the way weather risk transfer contracts are bought and sold. eWeatherRisk is a long-time weather risk management and transfer market participant that was headed up…

The first catastrophe bond rating action due to the Covid-19 coronavirus pandemic is unsurprisingly related to one of the few mortality cat bonds left in the market, Swiss Re’s late 2015 Vita Capital VI Limited (Series 2015-1) transaction, which has been put on a negative watch by S&P Global Ratings. The Vita Capital VI excess…

Insurance and reinsurance firms located in Bermuda have paid a huge $19 billion of claims for losses caused by California or Australia wildfires and Japanese typhoons in just the last three years. The California wildfires of the last three years and the Japanese typhoons of the last two have been some of the biggest events…

This weeks severe weather, convective storms and tornado outbreaks across the central and eastern U.S. could drive economic losses of over $1 billion, while the insurance and reinsurance market impact is likely in the hundreds of millions of dollars, according to Aon. Impact Forecasting, the risk modelling and forecasting focused unit of insurance and reinsurance…

An expected tightening of third-party reinsurance capital from insurance-linked securities (ILS) funds and structures is likely to influence pricing at the upcoming mid-year reinsurance renewals, according to A.M. Best. The rating agency explained that while the reinsurance market is adapting to operating under Covid-19 coronavirus pandemic conditions, the fact ILS capacity may become a little…

Hurricane forecasts for the 2020 Atlantic hurricane season so far point to an above average year of activity ahead, with the early forecasts suggesting meteorological similarities with some particularly active historical seasons. The insurance, reinsurance and insurance-linked securities (ILS) market always watches the tropics with trepidation, given the potential for significant catastrophe losses should any…