Insurance
Mitsui Sumitomo sponsors $75m Akibare Re 2020 Japan typhoon & flood cat bond
Mitsui Sumitomo, an MS&AD Holdings insurance company, has returned to the catastrophe bond market to top-up its capital markets backed reinsurance protection with a currently $75 million Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction. This new Akibare Re catastrophe bond is the fifth transaction to take that name and is…
Read MorePandemic cat bond price plummets on growing coronavirus threat
The secondary market price for the tranche of the World Bank’s pandemic catastrophe bond that is most at-risk of paying out due to the spreading global coronavirus outbreak has plummeted, while the lower risk tranche has now also been marked down. As we explained last week, secondary market pricing for the World Bank’s pandemic catastrophe…
Read MoreInsured losses from Australia’s January hailstorms rise 26% to A$805m
Insured losses from the severe hailstorms that struck the southeastern region of Australia in January have risen by another 26%, with the latest estimate of insurance and reinsurance industry losses now sitting at A$805 million (around US $503m). This loss emanated from an outbreak of severe convective weather, thunderstorms, large hail and flooding affected a…
Read MoreBest of Artemis, week ending 1st March 2020
Here are the ten most popular news articles, week ending 1st 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,…
Read MorePandemic cat bond prices to drop again on coronavirus spread: Plenum
Secondary market pricing for the World Bank’s pandemic catastrophe bond notes are set to decline, significantly for one tranche, after the coronavirus outbreaks spread resulted in a second triggering condition being met, Plenum Investments believes. While the pandemic cat bond issued by the World Bank has not yet been triggered and so no payout is…
Read MoreUSAA adds $57.4m to Residential Re cat bond reinsurance recoveries
U.S. primary mutual insurer USAA has added another just more than $57.4 million to the reinsurance recoveries made under its Residential Re catastrophe bond program, as it continues to benefit from the catastrophe protection the program has provided it through recent heavy loss years. The last time we covered USAA and its Residential Re catastrophe…
Read MoreWhole Life Insurance or Term?
Whole Life insurance as an investment does not need to be crazy expensive, but it does need to be made for the right reasons. Whole life insurance will never be the cheapest option for life insurance…because it offers different , more comprehensive benefits than term life insurance offers. You need a licensed expert to give…
Read MoreMassachusetts Fiduciary Proposal Firestorm
The Insurance industry is concerned about the Massachusetts Fiduciary Proposal. The concern, coming from industry professionals around the US, is that there will be an unintended consequence of the proposed fiduciary duty that will severely limit access to professional investment advisors. Offering best advice for the customers, on the face of it seem good. So,…
Read MoreHow to Decide on Insurance Investments
Yes, insurance can be a good investment, if you choose well. Buying insurance is buying peace of mind. Buying the right insurance is also an investment that can add to your quality of life when you are not in position to work as hard as you can today. Need some insights? Finding the right insurance…
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