Insurance

There is an  expectation that the commercial property insurance marketplace could begin to slow down around the middle of the year as some of the forces that had driven recent softening return, according to Willis Towers Watson. Among these are competition and reinsurance capital, including alternative capital from the insurance-linked securities (ILS) market. These were…

The collateralised reinsurance sidecar leaves a lot to be desired, speakers at a conference discussed recently, with the structure singled out as being cumbersome and inefficient, leading to an opportunity for anyone wanting to innovate and work to improve them. Speaking at the SIFMA Insurance and Risk Linked Securities conference in Miami, Richard Spitzer, Insurance…

The Standards Board for Alternative Investments (SBAI) has published a new memo that may be of interest to the insurance-linked securities (ILS) fund managers community, regarding the potential for their to be a conflict of interest between parallel fund strategies. It is a relatively common practice for alternative investment managers to operate parallel investment funds…

In the final quarter of 2019 Florida’s primary insurance carriers continued to add to their ultimate net losses from 2017’s hurricane Irma, demonstrating that the loss creep continued more than two years after the catastrophe event. But these carriers are all too aware of the assistance that their reinsurance panels have provided to them. While…

Global insurance and reinsurance broker Aon has reached a definitive agreement to combine with rival broker Willis Towers Watson (WTW), in an all-stock transaction with an implied combined equity value of roughly $80 billion. Rumours have been circulating over the past few weeks of potential talks between the two large brokerage firms regarding a potential…

The final insurance and reinsurance industry loss estimate for the combined impacts of European windstorms Dragi and Eberhard has been set at EUR 782 million (USD 890 million) by PERILS AG, slightly up on its last estimate of EUR 772 million. PERILS announced its first estimate for the two European windstorms, which struck on March…

There is a a likelihood that the renewals of Japanese reinsurance programs at April 1st 2020 continue to see the insurance-linked securities (ILS) market playing a relatively minor role, with share increases harder to come by, but at Florida’s reinsurance renewals at June 1st there could be a chance for ILS players to expand their…

Here are the ten most popular news articles, week ending 8th 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,…

Catastrophe bond and insurance-linked securities (ILS) issuance is on course to break all records in the first-quarter of 2020, with a huge $3.93 billion of catastrophe risk-focused deals helping overall cat bond and related ILS issuance exceed $5 billion for the first time, according to Artemis’ data. Data from our Artemis Deal Directory shows that…