Here are the ten most popular news articles, week ending September 22nd 2024, 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.Parametrics: Don’t blame it on the basis risk There are now signals that suggest the industry is finally beginning to overcome this perceived coverage gap and has reached a stage in its maturity where perhaps basis risk won’t get the blame any more, at least not every time.

American Integrity cat bonds marked down further as hurricane Ian loss rises again Two more outstanding catastrophe bonds that are exposed to potential losses from hurricane Ian have been marked down further on secondary pricing sheets, as US primary insurer American Integrity has increased its estimate for the storm.Catastrophe bond market yield declines on peak hurricane seasonality The seasonality effects of the peak of the US hurricane season approaching accelerated a decline in the overall yield of the catastrophe bond market in August, although it still ended the month at a very favourable 12.52%.Central Europe floods could drive insured losses up to $3.3bn, says Gallagher Re Insured losses from the recent severe floods that struck central Europe, which mainly occurred from September 12-15 are likely to range between EUR 2.0 – 3.0 billion (USD 2.2 – 3.3 billion), according to estimates from reinsurance broker Gallagher Re.

AXA XL hires Chris Caponigro as Head of Reinsurance Capital Management AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, has announced the hiring of experienced reinsurance and ILS executive Chris Caponigro as its new Head of Reinsurance Capital Management.Recent cat bond losses highlight loss creep potential: Icosa Investments After three recent partial or full defaults of catastrophe bonds due to rising losses from prior period events, Swiss headquartered cat bond fund manager Icosa Investments AG has highlighted the risk of loss creep as something investors need to be aware of when allocating to the asset class.Swiss Re cat bond index surpasses 10% return for 2024 after August The total-return of the outstanding catastrophe bond market for 2024 through the end of August has now hit double-digits at 10.07%, according to data from the Swiss Re Cat Bond Performance Indices, which means while cat bond market performance is running behind the prior year, returns remain historically elevated.

Beazley gets new PoleStar Re 2024-3 cyber cat bond with further upsize to $210m Beazley has now secured its latest cyber catastrophe bond and further upsized the transaction to provide even more in reinsurance, with the PoleStar Re Ltd.(Series 2024-3) issuance set to price at $210 million in size for the company.Capital’s view of ILS opportunities has rapidly evolved: McKeown, Vantage Risk The evolution of investor’s and capital’s view of opportunities in the insurance-linked securities (ILS) space has been particularly rapid over the last couple of years and Chris McKeown of Vantage Risk believes collateralized reinsurance opportunities and new lines of business are increasingly of interest.

First ILS structure in Brazil could be Andrina Seguros from IRB RE The first insurance-linked securities (ILS) structure under Brazil’s regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk, could be named Andrina Seguros and sponsored by local reinsurance company IRB RE.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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