
Here are the ten most popular news articles, week ending October 3rd 2021, 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.Catastrophe bond issuance still on record pace after Q3: Report Catastrophe bond and related insurance-linked securities (ILS) issuance continued at record pace through the third-quarter of 2021, with over $2.6 billion of new risk capital issued and the market now well on-track to beat all its records in 2021.
BlackRock aims to raise $2.3bn+ for ESG fund that targets cat bonds Giant asset manager BlackRock is aiming to raise more than $2.3 billion for its new environmental, social and governance (ESG) investment fund strategy that includes catastrophe bonds as one of its target asset types.Arkansas Teacher pension to redeem from Nephila, allocate to Pillar Capital The board of the Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, voted yesterday to redeem an investment in a Nephila Capital managed ILS fund and make a new allocation to one managed by Pillar Capital, on the recommendation of consultant Aon Hewitt.Reinsurance firming to persist, no signs of naïve capital or softening: AM Best Despite the fact more capital inflow to the insurance-linked securities (ILS) sector is expected and more new start-up capital is expected to launch in traditional insurance and reinsurance, rating agency AM Best does not expect this to affect the chances of additional rate firming happening.
UNDP launches Insurance & Risk Finance Facility, ILS support anticipated The United Nations Development Programme (UNDP) has today launched the Insurance and Risk Finance Facility (IRFF), a new initiative that aims to build financial resilience and bridge a $1.4 trillion global health, mortality, and disaster protection gap, with support from the insurance-linked securities (ILS) market expected in future.Ledger Investing launches Nanorock casualty ILS fund Ledger Investing has launched its first insurance-linked securities (ILS) fund, a casualty risk focused strategy backed by a single investor, and an ILS management unit, Ledger ILS Managers LLC.While the firm plans a $300 million co-mingled casualty ILS fund strategy as well.
Climate change tops global risks again, cyber catching up: AXA Climate change has returned to the top of a global ranking of perceived risks, according to risk management experts and public opinion, but in some regions of the world the pandemic remains the major concern, according to insurance and reinsurance company AXA in a new report.Capital is not coming in at any cost: Leadenhall CEO Albertini ILS fund managers and reinsurance companies both need to demonstrate they can deliver the returns their investors are expecting, as it is clear that in 2021 “capital is not coming in at any cost,” according to Luca Albertini, CEO of London-headquartered Leadenhall Capital Partners LLP, a subsidiary of MS Amlin.Climate change not yet a significant determinant of reinsurance pricing: S&P Analysis from S&P Global Ratings suggests that reinsurance firms may be underestimating their natural catastrophe exposures by anywhere from 33% to as much as 50%, as they grapple with incorporating climate change into their decision-making process.
MS Amlin AG launches agriculture & weather index reinsurance practice MS Amlin AG, the international reinsurance arm of MS Amlin and part of the Japanese MS&AD group, has announced the launch of a practice with a focus on agriculture and weather index products with the hiring of former PartnerRe exec Rinat Bektleuov.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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