
Here are the ten most popular news articles, week ending 20th December 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.Catastrophe bond issuance in 2020 has now surpassed another annual record, as the total amount of risk capital issued in pure, syndicated property cat bond transactions so far this year has now reached almost $10.3 billion.
Insurance and reinsurance broker Aon said today that it is currently seeing a “demand surge” for parametric risk transfer products, as clients look for solutions that can rapidly deliver cash flow after loss events occur.The climate conditions seen in the North Atlantic ocean at the moment are conducive to the formation of tropical storms and hurricanes, so suggest a chance of elevated hurricane activity in 2021 and beyond, according to global reinsurance firm Swiss Re, something the main forecasters are also pointing towards.Global reinsurance firm Munich Re has lifted its estimate for insurance industry losses from 2018’s Japanese typhoon Jebi to $13 billion, which we understand could put a handful of still-exposed industry loss trigger contracts such as ILW’s in play.
Market participants across risk transfer, including insurance-linked securities (ILS) and reinsurance, have a lot to gain from further operationalising Environmental, Social and Governance (ESG) within their core businesses, our now published study reveals.French global reinsurance company SCOR has selected an industry outsider as the successor to long-standing CEO Denis Kessler, with political adviser Benoît Ribadeau-Dumas set to take on the lead role at the company from 2022.Reinsurance pricing momentum is forecast to continue through all of the 2021 renewal seasons, with rises of 5% to 6% expected across the key upcoming January renewals, according to analysts at Morgan Stanley.
Fixed income financial services focused investment firm Cohen & Company, LLC has begun a capital raise for what will be its third insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, or SPAC, named INSU Acquisition Corp.III.Global investment manager Schroders has raised $420 million of capital from third-party institutional investors for a new life insurance-linked securities (ILS) fund strategy that it has launched.
London headquartered insurance-linked securities (ILS) and reinsurance related investments manger Leadenhall Capital Partners LLP has increased its assets under management to more than $6.2 billion in 2020, as the ILS fund manager has added over $600 million just since July.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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