
Here are the ten most popular news articles, week ending September 12th 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.Hurricane Ida loss estimates rising towards $30bn to $40bn Estimates for insurance and reinsurance market losses from recent hurricane Ida are rising with the inclusion of damages from the storms remnants that occurred further north, according to analysts at Goldman Sachs.
Everything I see points to hardening: Christian Mumenthaler, CEO, Swiss Re In a recent Artemis Live video interview, Christian Mumenthaler, the Chief Executive Officer (CEO) of Swiss Re, explained that he expects reinsurance prices will continue their firming trend at the January 2022 renewal season.ILS capital returns to previous record level of $97bn: Aon Helped by a record period of catastrophe bond issuance in the first-half of 2021, alternative capital levels in reinsurance, largely in insurance-linked securities (ILS) formats, have now returned to their previous record year-end level of $97 billion, according to Aon.Guy Carpenter suggests major industry losses on-track for ~$100bn in 2021 Large insurance and reinsurance industry losses from catastrophes and other major events are already likely to be above $80 billion in 2021, while the run-rate suggests another $100 billion plus major loss year is easily in sight, according to data from Guy Carpenter.
SCOR launched $100m single-investor worldwide CAT XL sidecar SCOR, the French headquartered global reinsurance company, has launched a new collateralized reinsurance sidecar vehicle in recent months, with a $100 million, single-investor sidecar that incepted in April 2021, the company revealed today.Abu Dhabi Investment Authority expanded its ILS portfolio in 2020 The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, expanded its insurance-linked securities (ILS) allocations last year, as it put an increasing emphasis on asset classes that offer relatively uncorrelated returns.Climate risk to drive property premiums and cat losses much higher: Swiss Re Swiss Re expects that property and casualty (P&C) insurance premiums will grow considerably over the next two decades, with a near doubling expected.
Climate risk will be a major driver of this, resulting in a significant boost to new property P&C premiums written, but also to expected insured natural catastrophe losses.Insurance Partners Europe targets ILS with Pierre Mouilhade hire Insurance Partners Europe, a Paris-based boutique risk advisory focused on insurance and reinsurance consulting and brokerage, is expanding to offer services to the insurance-linked securities (ILS) space, making a key hire in Pierre Mouilhade, a former ILS portfolio manager at SCOR Investment Partners.Cat bonds to see valuation volatility after Ida’s north east flooding: ILS managers There’s likely to be some uncertainty in the secondary market pricing of the outstanding FloodSmart Re catastrophe bonds that provide reinsurance from the capital markets to FEMA’s National Flood Insurance Program (NFIP), after the remnants of hurricane Ida flooded north eastern US states.
Gibson Re sidecar “not changing the recipe book” at R&Q: Spiegel For Randall & Quilter (R&Q) Investment Holdings, the launch of its first collateralised reinsurance sidecar vehicle today is not about changing the “recipe book”, meaning the firm’s core area of focus in the legacy space remains, according to William Spiegel, Executive Chairman.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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Publisher: Artemis