Here are the ten most popular news articles, week ending 20th September 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..

Christian Mumenthaler, Chief Executive Officer of the world’s largest reinsurance company Swiss Re, joined us this month, to discuss how his company has fared since the pandemic, the state of the market and what his outlook and priorities are for 2021.Insurance carriers potentially affected by today’s judgement in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, are suggesting their reinsurance, including catastrophe covers, will provide support.Private equity investment giant Blackstone has thrown its weight behind Brit’s algorithmic, follow-form Lloyd’s syndicate Ki, investing alongside Brit parent Fairfax in a $500m capital raise for the new venture.

According to our industry sources, a preliminary estimate of insurance and reinsurance market losses from hurricane Sally has been pegged at between $1.5 billion and $3.9 billion by catastrophe risk modeller AIR Worldwide.Global insured losses from catastrophe events and severe weather have already reached $54 billion in 2020 and the effects of the COVID-19 pandemic are evident in prolonged loss development, according to insurance and reinsurance broker Aon.It’s hard to ignore that in recent years the insurance and reinsurance market has been beset by losses from so-called secondary perils such as wildfires and floods, which makes the understanding and pricing of these risks absolutely crucial to companies long-term profitability, analysts at J.P.

Morgan have said.The impending combination of insurance and reinsurance broking giants Aon and Willis Towers Watson (WTW) will aim to “extend the proven model of catastrophe bonds” as the resulting organisation will continue to look to help clients access the capital markets, CEO’s Greg Case and John Haley have said.Western U.S.

wildfires so far this year have damaged or destroyed around 9,657 residential and commercial structures, while burning more than 5 million acres and the toll for the insurance and reinsurance industry could be as much as $8 billion already, according to Moody’s.Insurance giant American International Group, Inc.(AIG) has “high hopes” for further growth of its insurance-linked securities (ILS) and collateralised reinsurance manager AlphaCat, expecting to see “a lot of demand” for its vehicles at the renewals, Peter Zaffino said last week.

Hurricane Sally’s late intensification before landfall is expected to mean that overall private insurance and reinsurance market losses from the storm reach into the low billions, with any impact to ILS positions expected to be minimal.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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