
Here are the ten most popular news articles, week ending September 3rd 2023, 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.Hurricane Idalia coverage: Early loss estimates in single-digit billions The first hurricane threat to Florida of the 2023 season turned out to be less severe than feared for the industry, with hurricane Idalia estimates pointing to a low single-digit insured loss.
Vesttoo: Our coverage of the alleged collateral issues The saga continues, with more news about the questions over the validity of letter of credit (LOC) reinsurance collateral security linked to Vesttoo.Cyber reinsurance, retro & ILS all critical to market expansion: S&P The cyber insurance marketplace needs the backing of robust and healthy cyber reinsurance, cyber retrocession and cyber insurance-linked securities (ILS) markets, if it is to achieve its potential, according to S&P Global Ratings.Parametric tornado insurance launched by Beazley, Sola & Spinnaker The group have launched a parametric tornado insurance product, which they claim is the first such admitted product in the US.
Serious Tokyo earthquake could be $130-150bn industry loss: Swiss Re The global insurance and reinsurance industry could face in the region of $130 billion to as much as $150 billion of losses if a really severe earthquake strikes the Tokyo region of Japan, according to Swiss Re.Video from ILS Asia 2023.Fireside chat: Lorenzo Volpi, Leadenhall Capital Partners A fireside chat discussion with Lorenzo Volpi, Deputy CEO and Managing Partner of specialist insurance-linked securities (ILS) investment manager Leadenhall Capital Partners.
How technology is increasing parametric potential: ICEYE Ahead of the “The future of parametric triggers in ILS” panel discussion at our Artemis London 2023 conference, Stephen Lathrope, Global Head of Insurance at ICEYE outlines how technology is enhancing the data core of parametric solutions.Hawaii wildfire industry loss estimates start to coalesce around $5bn Loss estimates from the deadly wildfires that struck the island of Maui, Hawaii earlier this month, are now being seen as potentially as high as $7 billion, given high property values, the cost of reconstruction, plus elements such as additional living expenses and business interruption that are expected to be elevated.EU approves RenRe’s acquisition of AIG’s Validus Re and AlphaCat RenaissanceRe’s acquisition of the treaty reinsurance operations of AIG, which include Validus Re, the Talbot reinsurance book, and the AlphaCat Managers ILS fund management unit, has been approved under EU Merger Regulation by the European Commission.
Validus & AlphaCat sale slashes AIG’s hurricane PML by 70%: CEO Zaffino AIG will come out of the sale of its Validus reinsurance business and the AlphaCat Managers insurance-linked securities (ILS) platform to RenaissanceRe, with a significantly reduced amount of natural catastrophe volatility, case in point that the insurers 1-in-100 hurricane PML will drop by 70%.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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