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Here's our latest Friday wrap-up of key news from the week.
This week we broke the news that Aon's Bermuda entity White Rock is suing China Construction Bank over the Vesttoo fraud, as the broker looks to recoup losses for itself and clients.
As the busy conferencing season approaches, we discused the maturation of the alternative capital partnership in reinsurance.
AM Best highlighted that with trapped capital declining significant in the ILS market, the growth of the sector is stronger than you might think.
Fitch Ratings said that it expects strong growth in alternative capital supply in 2025.
This week we also announced our ILS Market Outlook 2025 webinar. Register for free to join this live event.
Swiss Re has hired Pierre Wiart in Australia, to become APAC Business Development Manager for its third-party capital markets focused Alternative Capital Partners (ACP) division.
Artemis London 2024 - Last chance to register to attend.
In other news this week, S&P highlighted that collateralized retrocession use increased for the biggest global reinsurers, but some others found the costs of retro too high.
In another AM Best report, the rating agency commented on cat bond loss multiples, saying it does not expect them to fall too much.
MLC Asset Management's Gareth Abley disclosed that the MLC cat bond and ILS portfolio has averaged an impressive cash +5% return over 16 years.
Solidum Partners announced a new addition to the partnership, as former Vontobel executive Ulrich Behm joined to lead sales and marketing for the ILS manager.
Ashish Agarwal, Co-founder & CTO of Weather Risk Management Services (WRMS), explained in an interview the role of parametric insurance in managing supply chain risks.
The recent megaquake warning in Japan is seen as supportive of reinsurance pricing in the country, J.P. Morgan analysts said.
Finally, if you haven't seen them, Artemis has a wealth of data and analytics on the catastrophe bond and broader ILS market. View our charts and Deal Directory.
Catch up on our video interviews with ILS market leaders here.
If you prefer to listen, subscribe to our podcast series for audio interviews & additional special episodes.
We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
