
Here are the ten most popular news articles, week ending 19th April 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.The World Bank issued pandemic catastrophe bonds and pandemic risk-linked swaps have now been triggered and will pay out $195.84m, we were first to report, after the final trigger parameter of the growth-rate of coronavirus cases turned positive.
Retrocessional contracts are seen as likely more exposed to any claims that find their way through from the Covid-19 coronavirus pandemic, according to the respondents to our recent market survey.While the immediate economic and financial market impacts of the Covid-19 coronavirus pandemic have ramifications for investor appetite, there are longer-term reasons that ILS funds could face challenges when it comes to accepting new inflows while the virus remains prevalent.Draft legislation to form a U.S.
Federal government backed reinsurance program for pandemic insurance claims is under discussion in the halls of power, with a bill perhaps ready to be submitted to the House before the end of this month.Australia headquartered global insurance and reinsurance group QBE has announced a range of actions being taken to shore up its regulatory capital as a direct response to the Covid-19 pandemic, including buying more catastrophe reinsurance to reduce its exposure to U.S.perils.
Catastrophe bond market liquidity continues to feel the effects of the coronavirus pandemic, with liquidity still slow as evidenced by another bid lists of cat bonds available for sale failing to fully trade, our sources said.Absent some kind of government intervention that forces a raft of claims into the insurance and reinsurance industry, David Flandro, Managing Director of Hyperion X Analytics, believes that there is no reason to expect the industry loss from Covid-19 will reach the levels of a large catastrophe loss year.Sompo International, the Bermuda headquartered specialty property and casualty insurance and reinsurance provider, is exiting the Lloyd’s market, saying that while it aims for significant growth in London and Europe it feels a consolidated company market platform is the way to go.
Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has already cleared a trade in just the second holding of its new weekly auctions of industry loss warranties (ILW’s).We’ve launched a new audio and video feature that will see us talking with leaders of the insurance-linked securities (ILS) and reinsurance industry and broadcasting them via our YouTube channel.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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Publisher: Artemis