
Here are the ten most popular news articles, week ending January 8th 2023, 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.Renewals: Catastrophe retro rates +50%, global property cat +37%, says Howden Risk-adjusted non-marine catastrophe retrocession excess-of-loss rates-on-line rose by 50% at the January 2023 renewals, while global property catastrophe reinsurance rates rose 37%, according to international broking group Howden.
Catastrophe bond market sees $1.6bn fourth-quarter, $10.5bn full-year 2022 issuance Our latest cat bond market report is now available and features analysis of issuance trends and content from our partners.Download your copy today.As reinsurance renews harder, market resets higher, can baselines be sustained? The reinsurance market is renewing much harder at these 1/1 2023 renewals and while the market resets its pricing baselines higher, for property and catastrophe risk in particular, we ask can those baselines be sustained this time around? Operational Re IV Ltd., $217.25m op-risk cat bond issued, likely for Credit Suisse A fourth securitization of operational risks in a catastrophe bond format has now completed, Artemis was first to report, with $217.25 million of notes issued by Operational Re IV Ltd., assumed to be the latest example of a vehicle channelling a capital market investor source of operational risk insurance to investment banking giant Credit Suisse.
ILS NYC 2023: Announcing our third wave of expert speakers Early Bird rates end tonight, so register soon to secure the best price to attend our upcoming insurance-linked securities (ILS) market conference in New York.Retrocession rates now 165% higher than 2017 lows: Jefferies Rates-on-line for non-marine catastrophe retrocessional reinsurance are now up approximately 165% on their 2017 lows, analysts at Jefferies have pointed out using data reported by broking group Howden.Significant depopulation of Citizens possible later in 2023: CEO Gilway Barry Gilway believes that after the enactment of new property insurance legislative reforms the Florida market will be more attractive to investor capital and that a “significant depopulation” of Citizens could happen as soon as after the next hurricane season.
Cat bond pipeline “potentially record breaking”, says Gallagher Securities The pipeline for new catastrophe bond issuances looks like it is “potentially record breaking” as we move into the first-half of 2023, according to insight from Gallagher Securities.One of the best entry points for investors in decades: Twelve Capital’s Ramseier The global insurance and reinsurance market, including insurance-linked securities (ILS), currently offers “one of the best entry points for investors in decades” according to Twelve Capital CIO and Founding Partner Urs Ramseier.ILS investors fear inflation model-miss more than climate change: Gallagher Securities Insurance-linked securities (ILS) investors are more concerned about the potential for risk models to be inaccurate on inflation than on climate change, according to Gallagher Securities.
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