Everest has $350m of cat bond cover for hurricane Ian industry loss creep
Global insurance and reinsurance specialist Everest Group has $350 million of industry loss based retrocessional protection available to it from,.. Read More
personal Insurance
AM Best / Guy Carpenter project ILS capital to grow 3% to $99bn in 2023
Third-party capital in reinsurance, so what would often be termed alternative capital or insurance-linked securities (ILS) market capacity, is now,.. Read More
Reinsurers to preserve discipline longer than in previous cycles: AM Best
Rating agency AM Best believes that in the current hard market cycle, reinsurance companies are likely to preserve their underwriting,.. Read More
Vesttoo claims Aon White Rock / BMA court action violates automatic stay
Vesttoo has stated in filings to the US bankruptcy court, that the joint action begun Friday, by broker Aon’s White,.. Read More
IAG hikes natural perils budget 26%, as catastrophes and reinsurance costs bite
Australian insurance giant IAG has cited rising natural catastrophe and severe weather losses, alongside escalating reinsurance costs, as the two,.. Read More
Best of Artemis, week ending August 20th 2023
Here are the ten most popular news articles, week ending August 20th 2023, covering catastrophe bonds, ILS, reinsurance capital and,.. Read More
Aon's White Rock & Bermuda's BMA join forces to pursue Vesttoo in court
Insurance and reinsurance broking giant Aon through its White Rock Insurance (SAC) Ltd. company is joining forces with the Bermuda,.. Read More
UCITS cat bond funds average 9.34% return YTD
The average return across the group of UCITS catastrophe bond funds has reached a stunning 9.34% as of early August,,.. Read More
Clarien's ILS fund-of-funds invests in Pillar and Neuberger Berman strategies
The insurance-linked securities (ILS) fund-of-funds strategy launched by Bermuda-based Clarien Investments Limited (CIL), the asset management arm of Clarien Bank,,.. Read More
Vesttoo files for insolvency relief in Israel, seeks to ward off prior legal actions
Alongside its filing for Chapter 11 bankruptcy protection in the United States, under-fire insurtech Vesttoo has also filed for insolvency,.. Read More
Hilary could bring California rare tropical storm conditions, torrential rain
Hurricane Hilary, an east Pacific storm churning off the coast of Mexico with 140 mph sustained winds as a Category,.. Read More
Bank at heart of Vesttoo situation grew LOC issuance significantly in 2022
The China Construction Bank (CCB), which is the main bank named in relation to the fraudulent letter of credit (LOC),.. Read More
