Best of Artemis, week ending 26th July 2020

Here are the ten most popular news articles, week ending 26th July 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..

Global reinsurance giant Swiss Re has reported what it calls a “significant addition” to its loss reserves for the Covid-19 pandemic, taking the total first-half 2020 hit from the coronavirus to $2.5 billion.Reinsurance market price rises are expected to catch-up to the levels seen across primary and retrocession markets in recent months, flattening out the u-shaped marketplace and providing greater opportunities for underwriters and ILS investors to enhance their returns.The past few months have provided unprecedented challenges for all areas of the global financial markets, but for insurance-linked securities (ILS) players, the ongoing desire for un-correlated assets presents a great opportunity, according to industry experts.

U.S.primary insurance carrier Travelers has confirmed that its estimated $400 million PG&E subrogation related recovery will inure to the benefit of its reinsurance panel.The current hard market phase in insurance and reinsurance “has legs” as the levels of capital remain constrained in both traditional and alternative capital markets, analysts at Barclays have said.

With reinsurance pricing firming broadly and expected to continue to do so, one of the dynamics we expect to see in the marketplace is increasing competition, as the improved rate environment attracts some underwriters back to the market.Arbol, a provider of marketplace technology that utilises smart contracts, has now sold $11 million notional in weather risk transfer contracts through its platform in the first four months since it began trading live transactions.Hudson Structured Capital Management Ltd., undertaking its insurance and reinsurance investment business as HSCM Bermuda, has co-led a $24 million Series A investment round for home and auto insurtech firm Branch.

The alternative, or third-party reinsurance capital market, has permanently altered the structure of reinsurers and will continue to do so moving forward, according to Dr.Morton Lane, President, Lane Financial LLC, and Director, The University of Illinois in Urbana-Champaign.Bermuda-based insurer and reinsurer Everest Re Group continues to explore ways to evolve and develop its alternative capital play, according to John Doucette, Executive Vice President (EVP) and Chief Executive Officer (CEO) of the Reinsurance Division.

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..To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.

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Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Health Insurance USA.
Publisher: Artemis