Insurance
COVID-19 business interruption hit to ILS seen as minimal
After canvassing a number of insurance-linked securities (ILS) investment fund managers and end-investors for their views on possible loss impacts due to the COVID-19 pandemic, the majority strongly believe that impacts from the business interruption issue will only be minimal to their ILS strategies and ILS portfolios. This goes for ILS investors allocating capital to…
Read MoreGetting the right insurance for moving
For a variety of reasons, many people have moved during the pandemic. One in five U.S. adults either changed residence due to the pandemic or know someone who did, according to a Pew Research survey. There are many safety factors to consider if you are moving, and it’s also important to understand how insurance protects…
Read MoreHurricane Laura may not be strong enough to impact cat bonds: Plenum
Based on the latest forecast information, catastrophe bond and insurance-linked securities (ILS) investment manager Plenum Investments believes that hurricane Laura may not be strong enough to impact any outstanding cat bonds in its portfolio. As we explained earlier today, the Gulf Coast of the United States faces a twin storm threat over the coming days,…
Read MoreReinsurers took larger than expected share of COVID claims: Flandro, Hyperion X
The impact of the COVID-19 coronavirus pandemic on the insurance and reinsurance industry looks like it will be more of an earnings event than a capital event, according to David Flandro, Managing Director, Analytics at Hyperion X. Speaking during an update briefing on the second-quarter earnings season, Flandro explained that his firms view is that…
Read MoreCalifornia wildfires continue to expand, property damage & losses mounting
Over the weekend the wildfires burning in California have continue to expand, with two of the lightning complex fires now in the top three largest California wildfires on record, while losses due to property damage from the fires are increasing. Wildfires currently burning in California number well into the hundreds and have burned through more…
Read MoreLaura & Marco challenge Gulf Coast with double storm & hurricane landfall
The Gulf Coast states of Louisiana and Texas are facing a challenging double storm landfall threat this week, with tropical storm Laura expected to be a large and dangerous hurricane when it nears the coast late on Wednesday, while tropical storm Marco is more likely to remain at storm strength but soak the area in…
Read MoreBest of Artemis, week ending 23rd August 2020
Here are the ten most popular news articles, week ending 23rd August 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 free for our upcoming reinsurance…
Read MoreGrowth in non-traditional ILS sponsors a reasonable expectation: Paul Schultz
Paul Schultz, Chief Executive Officer (CEO) of Aon Securities, expects to see different types of sponsors increasingly enter the insurance-linked securities (ILS) marketplace in Asia and also around the globe. Delivering a keynote at the virtually held Artemis ILS Asia 2020 conference, Schultz explored the history and evolution of ILS in Asia as interest continues…
Read MoreAP3 grows ILS investments 6%, cites benefits to pension portfolio
AP3, the Swedish state sector pension fund, has increased its portfolio of insurance-linked securities (ILS) and reinsurance related assets to around $640 million in size by the end of 2019, up approximately 6% on the prior year. The ILS portfolio delivered a total return of 4.4% to AP3 for the full-year 2019, much better than…
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