
Here are the ten most popular news articles, week ending 15th December 2019, 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.How much does it cost to strategise, design and implement a healthy and sustainable future for the Lloyd’s of London insurance and reinsurance market? UK £300 million, at least, it seems.
Tremor Technologies Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has successfully brought $600 million of capacity to, priced and placed the property catastrophe reinsurance program renewal of carrier W.R.Berkley Corporation.
As the retrocessional reinsurance market deals with a crunch of capacity, trapped collateral from ILS players and the disappearance of a core product from the market, some traditional players are returning and increasing their appetites, including Berkshire Hathaway, we can report.Global reinsurance market conditions are said to be improving by rating agency A.M.Best, who maintains a stable outlook on the sector, but sees traditional reinsurance capital becoming increasingly dependent on third-party sources of capacity and ILS.
Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, has become the first to register a vehicle under Bermuda’s recently established “Collateralized Insurer” class of company.The leadership of insurance giant American International Group (AIG) has provided the market with a little insight into how it it sees the claims situation with typhoon Hagibis at this point in time.Demonstrating how challenging it can be to bring third-party capital into the Lloyd’s insurance and reinsurance market, Brit’s newly launched insurance-linked securities (ILS) fund strategy takes a roundabout route to connect the capacity with the returns of its underwriting in the market.
Pacific Gas and Electricity (PG&E), the wildfire liability California focused electrical utility company, has now agreed the last of its major settlements with wildfire claimants, with a $13.5 billion agreement with individuals removing another hurdle that has stalled subrogation payments from making their way to beneficiaries.Global Parametrics, the parametric and index-based disaster risk transfer company, has launched a new natural catastrophe focused investment fund that has received backing from global reinsurance firm Hannover Re and the German government.Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has participated in a funding round for a health insurance start-up in Colorado named Friday Health Plans.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