Best of Artemis, week ending 14th June 2020

Here are the ten most popular news articles, week ending 14th June 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.Enstar is pushing back into U.S.

property and casualty markets, with a focus on excess & surplus (E&S) business, thanks to a successful $610 million recapitalisation of Starstone U.S.from private equity giants including Dragoneer, SkyKnight and Aquiline.American International Group, Inc., the global insurance and reinsurance giant, has officially named Paschal Brooks as the new CEO of its insurance-linked securities (ILS) investments unit, AlphaCat Capital Inc.

Independent insurance broking giant Lockton continues to make new key hires for a growing retrocessional reinsurance practice, with its Lockton Re division having now added another senior appointment in Bob Bissett from Aon.Lemonade, Inc., one of the highest profile insurtech start-ups that had been funded by Softbank among others, has filed an initial public offering (IPO) registration statement in which it has also revealed that one of its reinsurers is the largest ILS fund manager in the world Nephila Capital.Capital top-ups, recapitalisation and fresh start-up capitalisation efforts are accelerating in insurance and reinsurance markets, as founders and investors look to make the most of the firming to hardening rate environment that is being seen widely across the sector.

During the 2020 Atlantic tropical storm and hurricane season two regions to watch for above average levels of storm activity are the tropical Atlantic’s main development region (MDR) and the Gulf region, according to ILS investment manager Twelve Capital.Another set of industry analysts is calling for the current upwards trend in reinsurance pricing to continue into 2021, as reinsurers are otherwise looking at continued underperformance as a sector and higher rates will help support their returns on equity (RoE’s).Insurance-linked securities (ILS) and capital markets backed sources of insurance or reinsurance capacity should play a role in any government or industry supported pandemic risk pooling facility or backstop, respondents to our latest survey said.

More predictable and transparent insurance-linked securities (ILS) structures, offering less ambiguous coverage, may be the immediate winners after the Covid-19 pandemic crisis, with catastrophe bonds and industry loss warranty (ILW) contracts an area set to receive increasing investor focus, according to S&P.Finally, the Florida Office of Insurance Regulation (FLOIR) has updated its published data on claims paid by the insurance market due to 2017’s hurricane Irma, with the total jumping significantly to just over $17.44 billion.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