Best of Artemis, week ending October 6th 2024

Here are the ten most popular news articles, week ending October 6th 2024, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics.To ensure you never miss a thing or get our email alerts for every article we publish.Milton forecast for Florida hurricane landfall.

Cat bond & ILS market on watch Yesterday storm Milton formed and the forecast anticipates intensification to a significant hurricane, with the indicated landfall location suggesting the potential for a meaningful insurance market loss.Hurricane Helene coverage Dominating the news again in the last week was hurricane Helene, with a range of estimates coming out but the wider industry impact from its significant damage footprint still uncertain.Euler ILS Partners launched by Hilti and Credit Suisse ILS team as buyout completes Euler ILS Partners Ltd.

has been launched as a new independent insurance-linked securities (ILS) investment manager by Niklaus Hilti and the team that was formerly Credit Suisse Insurance Linked Strategies, after their management buyout of the company has been completed.Catastrophe bond issuance reaches $13.2bn in 2024 after muted third-quarter: Report Catastrophe bond and related insurance-linked securities (ILS) market activity was more muted in the third-quarter of 2024, but the $573 million of new risk capital issued still helped the market reach $13.2 billion after the first nine-months of the year, Artemis’ brand new quarterly cat bond market report details.Aon names Pennay CEO, Aon Securities.

Schultz becomes Global Vice Chair of Reinsurance Aon announced a key change in its insurance-linked securities (ILS) and investment banking business leadership, as Richard Pennay has been named the new CEO of Aon Securities and Paul Schultz moves to become Global Vice Chair of Reinsurance at the company.Starwind raises $270m Fractal Re casualty sidecar.Stone Point, Enstar, State National support Starwind Specialty Insurance Services, LLC, a program management subsidiary of broking group TIH, has secured $270 million of collateralized reinsurance capacity for certain casualty risk focused programs, through the launch of Fractal Re Ltd., a multi-year collateralized quota share sidecar structure.

Trigger Parametric launches with natural & man-made peril focus, alternative capital remit A new specialist parametric risk transfer underwriter has been launched, with Trigger Parametric backed by insurtech veteran Graeme Dean and launched with the help of a senior underwriting team formed of employees previously at fintech Stable and the parametric division of Africa Specialty Risks (ASR).ILS market has “meaningful growth opportunity” to $200bn by 2032: Jefferies The catastrophe bond and insurance-linked securities (ILS) market has a “meaningful growth opportunity” ahead of it, with a near doubling of the ILS market to as much as $200 billion in capital possible by the year 2032, according to analysts at investment bank Jefferies.Beazley adds $290m cyber ILW to its $510m cyber cat bonds, in $1bn cyber cat coverage While it has been growing its cyber underwriting business, specialist insurer Beazley has also implemented a robust hedging strategy to control the tail, recently securing a $290 million cyber industry loss warranty (ILW) cover and securing its third PoleStar Re cyber catastrophe bond.

Stone Ridge mutual ILS fund assets rise further, to highest level in almost five years Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has added more than $300 million in assets to its range of mutual insurance-linked securities (ILS) fund strategies in the last quarter of record, nearing their highest level in five years.This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..

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Publisher: Artemis