
Here are the ten most popular news articles, week ending December 25th 2022, 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.Attachments doubling, hours clause shrinking.
US renewals to close with holes While price is, of course, a major focus for the January 2023 reinsurance and retrocession renewals, it is the changes to coverage structures and terms that can drive much better outcomes for reinsurers and insurance-linked securities (ILS) funds in the year ahead.The art and science of ratemaking has to evolve: Swiss Re’s Ojeisekhoba A quickfire succession of what were historically considered low-probability events has created an “unprecedented challenge” for the reinsurance industry, making it clearer than ever that “the art and science of ratemaking has to evolve”, according to Moses Ojeisekhoba, Chief Executive Officer, Reinsurance at Swiss Re.Beazley’s Hartigan on colliding forces that drove property re/insurance crunch It’s the time of year for op-ed and outlook articles and Patrick Hartigan, Group Head of Treaty business at insurance and reinsurance specialist Beazley has given a clear explanation for some of the issues that have led to the hardening of the property market.
Retro renewals: No shortage of orders, but still short on capacity The retrocessional reinsurance renewals remain in an almost stand-off situation, with many reinsurers unclear how much retro protection they can go into 2023 with, as quotes are still in short-supply.But, at the same time, it seems there are plenty of potential buyers out there.Vantage uses AdVantage collateralized insurer for close to $1bn raise for 1/1 Vantage Risk, the Bermuda headquartered insurance and reinsurance company, has put together close to $1 billion of capital for deployment into property catastrophe reinsurance opportunities around the 1/1 2023 renewals, using its AdVantage collateralized insurer class of company.
Liberty Mutual secures raised $150m target for new Mystic Re cat bond Liberty Mutual, the US primary insurer and global reinsurer, has successfully secured the upsized target of $150 million of collateralized reinsurance protection with its new Mystic Re IV Ltd.(Series 2023-1) catastrophe bond transaction.Maybe the best investment environment in the history of ILS: Fermat’s Nelson Seo Due to the range of influences and factors affecting catastrophe bonds and insurance-linked securities (ILS) this year, Nelson Seo, Co-Founder and Managing Director of Fermat Capital Management, believes this could be the best ILS investment environment ever.
PGGM ILS growth to $8.5bn at mid-year 2022 a likely trigger for downsizing Netherlands-based pension investor PGGM had increased the size of its insurance-linked securities (ILS) market investments to roughly US $8.5 billion (EUR 8.2bn) as of the middle of the year, with this growth at a time of overall asset devaluation likely the trigger for its more recent downsizing in the asset class.No ILS capital cavalry, but pockets of fundraising success being seen The outlook for the end of year reinsurance renewals may not be saved by a cavalry of ILS capital, coming in at the last minute to fill holes in programs this year, but our sources suggest pockets of successful capital raising from investors are being seen, allowing some to capitalise on the 1/1 rate opportunity.Florida reforms could alleviate ILS concerns over prolonged trapping: AM Best The recently enacted legislative reforms to Florida’s property insurance marketplace have the potential to alleviate some of the concerns of the insurance-linked securities (ILS) industry over prolonged trapping of capital, according to AM Best.
This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..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.
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Publisher: Artemis