
Here are the ten most popular news articles, week ending 23rd August 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..
Insurance and reinsurance broking group Aon has announced the launch of a Capital Partners team, that will work to expand access to third-party reinsurance capacity to its clients.ILS Capital Management Ltd.has successfully completed a landmark securitisation that reduces the level of trapped capital affecting its ILS funds and returns capital to investors, seeing it as the first ever securitisation of trapped ILS capital.
P&C insurance and reinsurance company reported losses and IBNR reserves related to the COVID-19 coronavirus pandemic have now reached almost $25 billion, according to data collected by advisory PeriStrat LLC and augmented by our own research.After a number of years of shrinking its reinsurance underwriting book, global re/insurer Chubb is ready to expand its activities in the reinsurance space now the pricing is adequate, according to CEO Evan Greenberg.Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has announced another new hire, with Nicholas Jagoda from Elementum Advisors set to join the firm.
We’ve published a new Artemis Live video interview, featuring Peter Giacone, Managing Director and Global Head of Insurance at Kroll Bond Rating Agency (KBRA), who joined us to discuss evolving investor appetites and the ILS market.A repeat of 2005’s hurricane Katrina hitting in an identical manner with exposure values as we see them now but with greater influence from climate change factors, could drive an economic loss of as high as $200 billion, according to analysis from Swiss Re.Following the increased severity and frequency of wildfires, droughts and floods in recent times, the undeniable impact of climate change on water-related catastrophes is starting to get priced in and risk premiums are adjusting, according to Niklaus Hilti, Head of Credit Suisse’s Insurance-Linked Strategies division.
Specialty insurance and reinsurance group Lancashire Holdings is looking to expand its book in the current hard market conditions, with more property catastrophe risk expected to be underwritten and the firms first foray into underwriting casualty lines in 2021.Reinsurance broker Guy Carpenter has created a new senior executive Global Head of Sales role, to bring its sales activities under one leadership, and hired Jeffrey Livingston from Willis Re to fill it.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.
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Publisher: Artemis