
Here are the ten most popular news articles, week ending 14th March 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.Nephila delays launch of new specialty Lloyd’s syndicate 2358 Nephila Capital, the largest dedicated manager of insurance-linked securities (ILS) and reinsurance linked investment funds, told us it is delaying the launch of its new specialty line focused Lloyd’s syndicate 2358.
Access to capital key in “dysfunctional” Florida insurance market Florida’s insurance marketplace needs targeted legislative reform to address the numerous issues being faced by carriers in the state according to Demotech, while access to additional capital remains key for the “dysfunctional” marketplace.Winter storm exposed cat bonds stage partial price recovery After seeing their prices drop significantly in the wake of the US winter storms and severe freezing weather, a number of the exposed aggregate catastrophe bond tranches have now experienced a meaningful price recovery in the latest cat bond secondary market price sheets.Arch Capital sponsors $70m Voussoir Re 2021 sidecar renewal Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has returned to the capital markets to sponsor an almost $70 million renewal sidecar issuance through its special purpose insurer Voussoir Re Ltd.
Sompo seeks $200m Sakura Re 2021 Japan & US multi-peril cat bond Japanese insurance and reinsurance giant Sompo has returned to the catastrophe bond market to sponsor its first issuance in four years, as it seeks a $200 million source of Japanese and US multi-peril catastrophe reinsurance with a Sakura Re Ltd.(Series 2021-1) deal.Winter storm losses in Texas drive ERCOT subrogation speculation The size of the estimated winter storm insurance and reinsurance market loss from February’s severe Arctic freeze and the issues suffered by energy organisation the Electric Reliability Council of Texas, Inc.
(ERCOT) has raised speculation over the chances of subrogation becoming a possibility for carriers.New ILS products critical to a more sustainable economy: Nephila’s Schauble The use of advanced technologies alongside thoughtful risk capacity to create new products that support a more sustainable world and improved risk taking is vital, according to Barney Schauble, Head of Labs at Nephila Advisors.SCOR gets quota share longevity retro from Mangrove sidecar France-headquartered global reinsurance firm SCOR has put in place a sidecar-like, quota share retrocession vehicle named Mangrove Insurance PCC Limited through which it transfers some of its longevity risk to third-party investors.
Leadenhall ILS funds ESG classified under Article 8 of EU SFDR Leadenhall Capital Partners LLP, London headquartered insurance-linked securities (ILS) and reinsurance related investments manger, has achieved a classification of its European open ended ILS funds under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR).US commercial property insurance prices still accelerating, says WTW Insurance and reinsurance broker Willis Towers Watson (WTW) has reported that US commercial property insurance prices continued to accelerate higher in the last quarter of 2020, a difference of opinion with rival Marsh.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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