Insurance
Catastrophe bonds & related ILS hit new issuance record at $14.24bn in 2020
Catastrophe bond and related insurance-linked securities (ILS) issuance has reached a new annual record already in 2020, surpassing $14 billion for the very first time, according to Artemis’ data on the cat bond market. Within our Artemis Deal Directory, which is the most extensive source of information available on catastrophe bonds and other similar insurance-linked…
Read MoreBermuda at forefront of global reinsurance capital raising: Wightman, PwC
The Bermuda market is intrinsically involved in much of the successful capital raising going on in the global reinsurance sector, with the Class of 2020 well on the way to establishing itself, Arthur Wightman, PwC Territory and Insurance leader has said. With the COVID-19 pandemic ongoing, the global insurance, reinsurance and insurance-linked securities (ILS) industry…
Read MorePalmieri named President of Universal’s UPCIC as Springer to retire
Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has announced that Matthew J. Palmieri will take become President of its Universal Property and Casualty Insurance Company (UPCIC) subsidiary, as Jon W. Springer is set to retire. Springer will continue to serve as Chief Risk Officer of the insurer until his retirement at…
Read MoreBest of Artemis, week ending 22nd November 2020
Here are the ten most popular news articles, week ending 22nd November 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 MoreTribal Communities Disproportionately Hurt by COVID-19
The COVID-19 pandemic has disproportionately affected minority communities across the United States. A less reported but no less significant part of that story has been the disease’s impact on tribal populations. According to the Center for American Progress, the Navajo Nation has one of the highest infection rates in the country – and they’re not…
Read MoreTech to drive greater standardisation & ILS participation: Prospectus 2021
The insurance-linked securities (ILS) market is currently experiencing somewhat of a flight to simplicity, and with technology led risk transfer solutions set to drive greater standardisation, it’s expected that the capital markets will be able to participate more readily as a result. To close the very first Prospectus 2021 re/insurance and ILS conference, experts discussed…
Read MoreHouse Panel Discusses Approaches to Manage Future Pandemic Risk
That the insurance industry alone can’t be expected to cover future pandemic risk seemed to be a given at yesterday’s hearings by the House Finance Subcommittee on Housing, Community Development, and Insurance. But, as is so often the case, the devil is in the details. The session – Insuring Against a Pandemic: Challenges and Solutions…
Read MoreNephila Capital gets $100m investment from New Jersey state pension
Nephila Capital, the largest dedicated manager of insurance-linked securities (ILS) and catastrophe or weather exposed insurance and reinsurance assets, has won a $100 million allocation from the state of New Jersey Division of Investment, a manager of state pension funds. The New Jersey Division of Investment manages the retirement benefits of over 700,000 current and…
Read MoreSwiss Re exploring more permanent alternative capital structures: CFO
During its annual investor day this morning, Swiss Re’s CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make the capital more permanent. Swiss…
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