
Here are the ten most popular news articles, week ending March 27th 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.Berkshire Hathaway acquiring TransRe parent Alleghany in $11.6bn deal A significant insurance and reinsurance M&A transaction has just been announced, with Warren Buffett’s conglomerate Berkshire Hathaway set to acquire Alleghany Corporation, the owner of reinsurer TransRe, in an all-cash deal valued at $11.6 billion.
Lemonade launches crypto parametric climate insurance coalition Insurtech Lemonade has launched a parametric climate risk transfer initiative that will utilise the blockchain and cryptocurrency technology to deliver affordable climate insurance to the world’s most vulnerable farmers.US severe weather & tornadoes may drive Q1 large cat losses above $10bn The severe convective weather, thunderstorms, large hail and tornadoes that affected the United States this week is expected to aggregate to drive hundreds of millions of dollars in insured losses.Demotech calls for Florida market reform with rating downgrades likely With the focus in Florida’s property insurance market shifting towards an impending reinsurance renewal that is anticipated to be particularly challenging, rating agency Demotech has called for urgent legislative reforms and warned that a number of carriers are facing downgrades in the coming weeks.
Japan earthquake industry loss could reach US $4bn: Verisk The March 16th magnitude 7.3 Japanese earthquake is expected to cause an insurance and reinsurance industry loss of between US $2 billion and US $4 billion, according to analysis from Verisk Extreme Event Solutions (formerly AIR Worldwide).Working to make aggregates work for us: LGT ILS Partners interview At the reinsurance renewals earlier this year, insurance-linked securities (ILS) investment manager LGT ILS Partners did not want to walk away from clients seeking aggregate protection, instead taking steps to make aggregate deals work for the investment manager again.Lloyd’s has potential to create a casualty ILS market: CFO The Lloyd’s insurance and reinsurance market has clear ambitions to broaden its offering to investors seeking insurance-linked returns, with CFO Burkhard Keese saying today that it views the creation of a casualty insurance-linked securities (ILS) market as possible.
Nephila Capital sells final MGA stake in Volante to Acrisure Insurance-linked securities (ILS) investment manager Nephila Capital has sold its ownership stake in multi-class international MGA platform Volante Global to fintech broker owner Acrisure.TWIA board votes for $2.04bn reinsurance & cat bond program for 2022 The Board of the Texas Windstorm Insurance Association (TWIA) has voted to adopt a multi-model view of risk for 2022, with its newly derived 1-in-100 year probable maximum loss driving a decision to secure a roughly $2.04 billion tower of reinsurance and catastrophe bonds for 2022.Florida Citizens targets “the best deal we can get” on risk transfer: Montero While Florida’s Citizens Property Insurance Corporation could buy as much as $3.4 billion of new reinsurance and risk transfer in 2022, including catastrophe bonds, the main focus is on delivering value, as the not-for-profit property insurer targets cost savings.
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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