Insurance
Life settlements to feel effects of COVID, but won’t hinder growth: Conning
The life settlements market will not be immune to the effects of the global COVID-19 pandemic, according to investment management consultancy Conning, but this won’t hinder it from achieving continued growth the company said. There are a number of insurance-linked securities (ILS) fund managers who allocate to life settlements through their life related ILS funds.…
Read MoreCat bond & related ILS market breaks record for number of deals in 2020
The market for catastrophe bonds and related insurance-linked securities (ILS) has broken the annual record for the number of deals issued already in 2020, as this year remains on-track to break the record for the dollar amount issued as well. Within our Artemis Deal Directory, which is the most extensive source of information on catastrophe…
Read MoreBerkshire’s P&C reinsurance premiums leap 63%, but cats & COVID dent result
Warren Buffett’s conglomerate and re/insurance company Berkshire Hathaway continues to make its surging appetite for property and casualty reinsurance evident, with the company reporting a 63% increase in P&C reinsurance premiums written during the third-quarter of 2020. That takes the premium growth rate for this year so far to almost 33%, as Berkshire’s reinsurance appetite…
Read MoreBest of Artemis, week ending 8th November 2020
Here are the ten most popular news articles, week ending 8th 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 MoreFlorida under hurricane watch as storm Eta expected to strengthen
The state of Florida is now under a hurricane watch as tropical storm Eta approaches and is expected to strengthen once it has crossed Cuba and makes a path for a forecast landfall in the Florida Keys, with the potential for a second impact for the state later this coming week as well. Eta was…
Read MoreSwiss Re hires Matthias Meyenhofer for senior European P&C role
Matthias Meyenhofer has joined global reinsurance firm Swiss Re this month, taking on the senior role of Head Large P&C Transactions Continental Europe. Meyenhofer was most recently consulting and advising entities in the reinsurance space, prior to which he spent a short stint as the CEO of Aon Reinsurance Solutions Bermuda operation. Prior to that,…
Read MoreConduit Re expects to underwrite retro & ILW’s, collateralised an option
Conduit Re, the reinsurance company that is looking to raise $1.1 billion with a London Stock Exchange listing and launch in Bermuda, has retrocession, industry-loss warranties (ILW’s) and also collateralised business within its sights. Being a new reinsurance company to the market, at a time when there has been significant private equity capital inflow to…
Read MorePhilippines Gov requests cat bond loss calculation for typhoon Goni
The Bureau of the Treasury of the Republic of the Philippines has issued notice to the calculation agent for its World Bank facilitated IBRD CAR 123-124 catastrophe bond transaction that it believes recent super typhoon Goni to be an applicable event that requires a calculation of the modelled losses to be undertaken. It’s the first…
Read MoreILS fund market reports highest monthly return in a year for September
September 2020 saw the strongest level of returns from the insurance-linked securities (ILS) market in a year, as the average ILS fund return was reported as 1.08% by ILS Advisers. Catastrophe bond funds have again led the way, as strong price increases meant that pure cat bond funds outpaced the returns of those ILS funds…
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