
Here are the ten most popular news articles, week ending 1st March 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.The spreading global outbreak of the novel coronavirus (2019-nCoV or Covid-19) has now met another of the conditions within the trigger mechanism of the World Bank’s pandemic catastrophe bond transaction, raising the chance that noteholders face losses in the coming weeks.
Generali, one of the largest global insurance and asset management companies, has recognised the potential for insurance and reinsurance linked investments to have green or ESG credentials and has developed a framework for Green insurance-linked securities (ILS).Reinsurance and retrocession cedents have been trapping increasing amounts of ILS collateral for longer periods of time than in the past, broker Aon said, as uncertainty over loss creep from catastrophe events has driven them to be more cautious.The use of rented transformer platform structures for insurance-linked securities (ILS) and private catastrophe bond transaction issuance continues to expand and a new Isosceles Re offering from Marsh & McLennan Companies and reinsurance broker Guy Carpenter is set to help make issuance of 4(2) securities more simple.
Elementum Advisors, LLC, an insurance and reinsurance linked asset manager with over $4.3 billion of assets under management, has been added as a sub-advisor to a K2 Advisors managed Franklin Templeton multi-manager alternatives investment fund.TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced the hiring of Bermuda-based Chris Conway, who joins the firm’s reinsurance and retrocession broking team on the island.Berkshire Hathaway’s reinsurance underwriting result was dented by Japanese typhoon Hagibis and bushfires in Australia during the fourth-quarter of the year, contributing to an underwriting loss for the year across Warren Buffett’s reinsurance related businesses.
The insurance-linked securities (ILS) allocation of the pension fund of global beverage giant The Coca Cola Company has shrunk again in 2019, ending the year -14% smaller likely due to a continuation of loss impacts following the major catastrophe events of recent years.The U.S.Federal Emergency Management Agency (FEMA) successfully secured its latest and third catastrophe bond issuance, FloodSmart Re Ltd.
(Series 2020-1), at the upsized target of $400 million, adding to its “lynchpin” flood reinsurance program.Having brought together its insurance-linked securities (ILS) and retrocessional reinsurance activities last year, global firm Swiss Re expects to remain a major player in the alternative capital space, its CFO said yesterday.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..
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Publisher: Artemis