
Here are the ten most popular news articles, week ending December 5th 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.Market anticipates broad firming at Jan 2022 reinsurance renewals: Survey Global reinsurance market participants are anticipating broad firming at the upcoming January 2022 renewal season, with retrocession and property catastrophe risks seen as areas in need of price improvements.
Catastrophe bonds break annual record at $11.1bn already in 2021 Catastrophe bond issuance in 2021 has continued to accelerate and with the completion of the latest transaction, the total amount of risk capital issued in pure, Rule 144a syndicated property cat bond transactions has reached $11.1 billion, now surpassing the previous annual record set last year.Gallagher Re grows significantly, as AJG completes Willis Re acquisition Arthur J.Gallagher & Co.
announced that it has completed its acquisition of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson plc., so the Willis Re unit, which will now join and trade under its Gallagher Re brand.Hurricane Ida complexity may drive loss creep: PCS interview For our latest Artemis Live video interview we wanted to understand how the industry loss from Hurricane Ida has been developing and explore the complexities in the reconstruction and recovery that could impact just how high the insurance and reinsurance market loss could rise.RenRe Capital Partners hires Sompo’s Varwandkar as cat bond PM RenaissanceRe Capital Partners has made another key hire, adding Manjit Varwandkar as a Portfolio Manager for the firm’s catastrophe bond investments focused Medici Fund strategy.
Some ILS funds set for third & fourth consecutive negative month Some insurance-linked securities (ILS) funds have reported their third and in some cases have, or are set to report a fourth negative month of returns in a row, as greater clarity over the magnitude of losses from the European flooding and hurricane Ida continues to emerge.Google’s new catastrophe bond to settle at $275.5m Google and its holding company parent Alphabet, Inc.have now successfully secured $275.5 million of California earthquake risk protection from their new catastrophe bond, the Phoenician Re Ltd.
(Series 2021-1) issuance.Swiss Re seeking first Matterhorn Re catastrophe bond of 2021 Global reinsurance firm Swiss Re is back in the catastrophe bond market for its first issuance under the Matterhorn Re program of 2021, with a target to secure $150 million or more of catastrophe retrocession through a Matterhorn Re Ltd.(Series 2021-1) transaction, this publication has learned.
Gallagher Re has opportunity to accelerate ILS sales: James Kent & Pat Gallagher With the completion of its acquisition of the treaty reinsurance business of Willis Towers Watson, Arthur J.Gallagher and its reinsurance unit Gallagher Re has an opportunity to accelerate sales of insurance-linked securities (ILS), its senior executives told Artemis.Prologis targets cat bonds for earthquake insurance with Logistics Re Logistics, warehousing and supply-chain focused real estate owner and investor Prologis, Inc.
has turned to the catastrophe bond market to source earthquake insurance protection, with the company set to be the beneficiary of a $95 million or larger Logistics Re Ltd.(Series 2021-1) cat bond issuance.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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Publisher: Artemis