
Here are the ten most popular news articles, week ending April 14th 2024, 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.Mid-year renewals to see significant increase in US property cat capacity demand: Aon Broking giant Aon is anticipating a “significant increase in demand” for property catastrophe reinsurance capacity at the upcoming mid-year renewals, with market conditions expected to continue developing favourably for buyers.
Catastrophe bond market yield dips to 12% on insurance risk spread squeeze The total yield of the catastrophe bond market in US dollars had declined to 12% by the end of March, down from a high of close to 16% in early January.But the signs are that the cat bond market yield may be stabilising, as demand and supply become more balanced, Plenum Investments believes.ILS Asia 2024 – Registration now open, Super Early Bird tickets available We are delighted to announce our return to Singapore and the opening of ticket sales for our next catastrophe bond and insurance-linked securities (ILS) market conference, ILS Asia 2024, taking place on July 11th at the Suntec Convention Centre.
Florida property insurers near break-even.Data suggests improvement to continue Data suggests that Florida domestic market property insurance companies will experience improving performance, as the effects of recent legislative reforms take hold and market conditions improve.Nephila seeks $100m Atela Re catastrophe bond for Lloyd’s syndicate 2357 Nephila Capital, the insurance-linked securities (ILS) investment manager owned by Markel, is in the catastrophe bond market seeking $100 million or more in aggregate industry-loss index based retro reinsurance for its flagship Lloyd’s syndicate 2357, through an Atela Re Ltd.
(Series 2024-1) cat bond issuance.PGGM / PFZW ILS portfolio delivered 18.9% return (USD) in 2023 The giant more than $9 billion portfolio of insurance-linked securities (ILS) and reinsurance investments managed by PGGM, the Dutch pension investment manager that allocates the largest amount to the insurance-linked securities (ILS) market on behalf of end-client the Dutch pension PFZW, delivered a record 18.9% return in 2023.Tropical Storm Risk raises hurricane season forecast to “hyperactive” Tropical Storm Risk (TSR) has today raised its forecast for the 2024 Atlantic hurricane season, now saying it expects a “hyperactive” level of activity, with 11 Atlantic hurricanes now anticipated and 3 forecast likely to make landfall in the US.
Florida Citizens: Capital markets “especially” positive for $5.5bn reinsurance renewal Florida’s property insurer of last resort, Citizens Property Insurance Corporation, has said that its sees market conditions as especially positive in the capital markets, as it looks to progress its $5.5 billion reinsurance renewal for 2024.HSCM raises over $175m for new life insurance-focused continuation fund Hudson Structured Capital Management Ltd.(HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has raised more than $175 million from investment firm StepStone Group and existing investors for the launch of HS Mohawk Fund I LP, its new life insurance-focused continuation fund.
Industry-loss cat bond spread decline necessitates portfolio rethink: Icosa Spreads for industry-loss index trigger catastrophe bond instruments have declined or tightened so much in recent months that indemnity cat bonds now look relatively more attractive for the first time, which necessitates a rethink about how cat bond portfolios are constructed, according to Florian Steiger, of Icosa Investments.This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..
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