
Here are the ten most popular news articles, week ending July 17th 2022, 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..
“The Florida market is reinsurance”, Citizens CEO forecasts record policies Florida’s Citizens Property Insurance Corporation looks set to continue rapidly growing its exposure, with its policy count likely to near record levels again in 2023, according to President and CEO Barry Gilway.Aeolus launched Florida-focused Corbel facility at 6/1 renewal Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has raised institutional funds, launched, and deployed a new Florida-focused facility named Corbel at the 6/1 renewals.Capacity issues drive some Florida renewal rates 50%+ higher: Gallagher Re Some of the rate increases seen at the just completed Florida focused reinsurance renewals were above 50%, as a lack of capacity and reduced reinsurer appetites challenged that marketplace, according to broker Gallagher Re.
Demographics & exposure build-up driving higher cat losses Triple-I According to industry association the Insurance Information Institute (Triple-I), it is demographic changes and the build-up of exposures in catastrophe exposed regions of the United States that are driving higher industry catastrophe losses, not weather or climate change.Artemis London conference, early agenda highlights Tickets are still available for Artemis London 2022, our first insurance-linked securities (ILS) conference in the City, which we’re holding on September 6th 2022, just before the industry heads to Monaco for the RVS.Recent storms in France to drive nearly EUR 4bn insured losses The French association of insurers has said that a series of storm systems that struck the country since late May have caused close to EUR 4 billion of insurance market losses, with nearly a million claims filed.
Property claims to be among the most inflation affected: Swiss Re With the world’s economies grappling with inflation, higher rates and a developing cost-of-living crisis, property insurance and as a result reinsurance claims are set to be one of the area’s of the market most affected, Swiss Re has said.Russia-Ukraine aviation losses at WTC+ level may impact retro & sidecars It’s becoming increasingly clear that losses to the aviation class of insurance and reinsurance business caused by the Russia – Ukraine conflict have the potential to impact retrocessional covers and perhaps some third-party capitalised sidecars.Swiss ILS fund ESG initiative can drive desired change: Piemonte, BKC The environmental, social and governance (ESG) transparency initiative being undertaken by a leading group of Swiss-based insurance-linked securities (ILS) investment fund managers, has the potential to drive the desired change investors such as the Bank für Kirche und Caritas have been looking for, according to Tommy Piemonte.
As reinsurance demand rises $5bn+, alternative capacity fills renewal gaps The alternative capital markets, so insurance-linked securities (ILS) funds, ILS investors and other third-party capital sources, have played an important role at a mid-year reinsurance renewal that saw demand increase in a capacity constrained marketplace.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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