Best of Artemis, week ending 2nd August 2020

Here are the ten most popular news articles, week ending 2nd August 2020, 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..

Reported insured losses and reserve setting related to the COVID-19 coronavirus pandemic have now reached $21.5 billion, according to data collected by advisory PeriStrat LLC and augmented by our own research.Global reinsurance firm Swiss Re expects that while it seems that some losses from the Covid-19 pandemic could fall to its quota share sidecar investors, the amount won’t be significant.RSA Group, the UK based insurance group, has warned reinsurers signed up to its Group Volatility Cover (GVC) and catastrophe reinsurance that it hopes to be able to pass on Covid-19 pandemic related losses, above certain levels, to each of those programs.

In reporting their results last week, two of the largest reinsurance brokers displayed growth in revenues and business opportunities in the current firming market conditions, which suggests their profits should increase further over the coming months, as the benefits of harder reinsurance rates globally begin to flow through to their bottom-lines.Quotes received from the reinsurance market at the mid-year renewals did not deliver on the pricing and structure that was sought for the California Wildfire Fund, resulting in the purchase of risk transfer not being completed.PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has appointed a new President and CEO in industry veteran Jacques Bonneau, who was most recently Group Chief Underwriting Officer at Chubb.

Severe thunderstorms, or convective weather, in the United States has dominated insured natural disaster losses for the first-half of 2020, according to reinsurance firm Munich Re.We often discuss the investing fire-power that insurance and reinsurance deals bring to major players, such as Warren Buffett’s Berkshire Hathaway.But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc.

Markel Corporation is expecting to settle the binding arbitration case between it and the former Markel CATCo CEO Tony Belisle during the third-quarter of the year, putting another piece of the legal saga behind it.A handful of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions have experienced some further adverse development related to 2019’s Japanese typhoon Hagibis in June, we understand.This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago.

.To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.Get listed in our .

..———————————————————————.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Health Insurance USA
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Health Insurance USA.
Publisher: Artemis