Insurance

Global catastrophe risk modeller RMS has appointed Michael Steel, who previously served as the Group Chief Risk Officer at AXIS Capital, as Global Head of Business Development, joining the RMS Executive Committee. Steel first joined RMS in 2016 as Global Head of Risk Solutions and prior to his appointment, had been serving in a strategic…

Industry backed catastrophe loss data aggregator and estimator, PERILS AG, has announced the extension of its line of business reporting to include Australian motor for both personal and commercial lines. Under its new offering, PERILS will make available market-wide motor sums insured exposed to earthquake, flood, tropical cyclones, extratropical cyclones, hailstorms, and bushfires in Australia…

Property insurance rates are expected to continue hardening through 2020 and into 2021 by AmWINS, as the company believes reinsurance pricing and loss creep have become key drivers, while capacity is not yet showing a sign of returning in abundance to dampen the momentum. The market continues to move in a range of directions though,…

The directors of the listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd., have confirmed that they won’t look to raise further capital “in any circumstances”. The announcement confirms the strategy to run-off and shutter all of the Markel CATCo Investment Management retrocessional reinsurance investment funds. Markel CATCo Investment…

Here are the ten most popular news articles, week ending 15th March 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,…

The industry-loss warranty (ILW) market can be a driver of diversification for the insurance-linked securities (ILS) market as a whole, with growth expected in specialty lines and cyber risks. This is according to Tom Johansmeyer, Head of PCS, who spoke with A.M. Best TV at our recent New York insurance-linked securities (ILS) market conference, ILS…

The results of the U.S. property and casualty insurance sector were affected by higher reinsurance related expenses after the implementation of the BEAT tax and higher catastrophe losses, according to A.M. Best. In a recent report A.M. Best highlighted the impact of the base erosion and anti-abuse tax (BEAT) which was part of the 2017…

The evolution of the catastrophe bond structure and risk transfer product means that the devil is now in the details when it comes to providing price guidance to clients, making the job harder but the coverage more effective, Judith Klugman of Swiss Re recently said. Speaking at the SIFMA Insurance and Risk Linked Securities conference…

Dirk Schmelzer of Plenum Investments AG has urged insurance-linked securities (ILS) market participants to realise that ESG is not just an opportunity, but an essential component of the market’s future. Schmelzer, who is a Member of the Executive Board and Portfolio Manager at specialist catastrophe bond and ILS investment manager, Plenum, recently spoke with Artemis…