Best of Artemis, week ending 23rd February 2020

Here are the ten most popular news articles, week ending 23rd February 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.After news emerged that Willis Towers Watson could be looking to sell its stake in wholesale and London broking specialist Miller, the pair have confirmed that they are actively “considering strategic alternatives.” Rates and pricing at the upcoming April 1st 2020 renewals of Japanese reinsurance programs could see increases of roughly double the magnitude seen a year ago, with increases of 40% to 50% seen as possible in some loss impacted areas of the market, analysts at JMP Securities have said.

2020 is the year when the insurance-linked securities (ILS) market should flex its muscles to ensure the robustness of its products for both cedents and investors, speakers at our recent New York ILS conference said.Global insurance and reinsurance player AXA has secured new reinsurance arrangements for 2020, as it continues to work to lower volatility within its specialty commercial insurance and reinsurance division AXA XL, especially in terms of catastrophe exposures.Global reinsurance giant Swiss Re reported a higher Property & Casualty combined ratio for full-year 2019 than the prior year, as its P&C Re division fell to a technical underwriting loss on the back of major losses.

But growth has continued, as the company expands further into catastrophe risks at the 2020 renewals.TransRe, the reinsurance arm of Alleghany Corporation, is able to “punch above its weight” in the global reinsurancem market, thanks to its access to efficient third-party capital, Alleghany CEO Weston Hicks said.As insurance and reinsurance linked investing remains popular among investors and an attractive source of protection to cedents, new insurance-linked securities (ILS) funds are still being formed and we should expect them to be “impressive in size”, Brad Adderley a Partner at law firm Appleby Bermuda said recently.

Indicative pricing for industry-loss warranty (ILW) structured retrocessional reinsurance protection has risen for U.S.and European wind and storm related perils, with some relatively significant increases seen at certain trigger levels.Credit Suisse Insurance Linked Strategies Ltd., the insurance and reinsurance investments focused unit of bank and asset management giant Credit Suisse, has promoted employee Benjamin Jacquet to the role of Head of Non-Life Underwriting.

Recent European windstorms and resulting flooding pose an increasing threat to certain layers of UK and European reinsurance programs, as loss estimates begin to suggest multi-billion Euro industry impacts in the last fortnight.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 ...———————————————————————We’ve tracked more than 650 cat bonds and related ILS transactions since 1996, all of which are included in our extensive .

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