
Here are the ten most popular news articles, week ending November 14th 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.Zurich exhausts aggregate catastrophe reinsurance: CFO Quinn Global insurance and reinsurance giant Zurich has exhausted its aggregate catastrophe reinsurance protection during the third-quarter, as significant losses from hurricane Ida and the European floods took their toll.
Global natural disaster insured losses reach $107bn YTD in 2021: Aon Aon estimates that as of early fourth-quarter 2021, global insured losses from natural disasters and severe weather are running around 13% above the annual decadal average, having reached roughly $107 billion.£100m+ London Bridge Risk deal simplifies Ontario Teachers’ access to Lloyd’s The London Bridge Risk PCC insurance-linked securities (ILS) structure that enables quota share access to the Lloyd’s insurance and reinsurance market for third-party investors helps to “simplify” investment structures for the first backer of a deal, Ontario Teachers’ Pension Plan (OTPP).ILS fees can be a “significant contributor” to reinsurers earnings: Moody’s Insurance-linked securities (ILS) related fee income and profit shares can become a “significant contributor” to the earnings of insurance and reinsurance firms that manage third-party capital, according to rating agency Moody’s.
Hannover Re targets pure-play reinsurance growth as it sells HDI stake Global reinsurance firm Hannover Re is underscoring its position as a pure-play reinsurer by selling its stake in joint venture HDI Global Specialty SE and targeting further growth.Securis sees wider 2022 retrocession opportunities: CEO Nilsen & CIO Lloyd After another year of significant catastrophe loss activity, relative performance is set to be the important measure amongst ILS managers, and for 2022, Securis Investment Partners sees an opportunity to target retrocession, which it believes is ripe for reimagining.Allianz may tweak aggregate reinsurance levels at renewal: CFO Terzariol Allianz intends to make some tweaks to its catastrophe reinsurance arrangements at the renewals, although overall its reinsurance arrangements are expected to remain fundamentally unchanged and changes are expected to be to the aggregate coverage, the insurers CFO Giulio Terzariol said Gallagher Re adds Norris from Aon Securities as dedicated cyber ILS broker Reinsurance broker Gallagher Re has announced the hire of a dedicated cyber insurance-linked securities (ILS) resource, adding Theo Norris from Aon Securities as a resource to help bring new capacity to the cyber market.
Markel CATCo to “vigorously defend” investor challenges Markel CATCo Investment Management acknowledged the delay to the buyout process for its retrocessional reinsurance investment funds this morning, but said that any challenges from investors would be vigorously defended against.FedNat cedes $562m of catastrophe losses to reinsurance partners During the third-quarter of 2021 primary carrier FedNat reported a reduction in its net catastrophe losses as its robust reinsurance arrangements really came into their own, with the insurer ceding some $562 million of gross catastrophe losses to its reinsurance partners.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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