Our news and analysis from the last week
Artemis Newsletter - Wednesday September 18th 2024 | | | - DaVinci stands-out for growth, Medici investors rebalance in RenRe's $7.15bn third-party AUM - American Integrity cat bonds marked down further as hurricane Ian loss rises again - Clear investment principles & judicious selection, key for ILS managers: Ruoff, Schroders Capital - Many catastrophe models "out of step" with wildfire risk: Chaucer - First ILS structure in Brazil could be Andrina Seguros from IRB RE - Hurricane Francine privately insured loss estimated close to $1.5bn: KCC - Catastrophe bond market yield declines on peak hurricane seasonality - Life reinsurance embraces third-party capital & sidecars: Damian Cooper, PWC Bermuda - AXA XL hires Chris Caponigro as Head of Reinsurance Capital Management - Recent cat bond losses highlight loss creep potential: Icosa Investments - Hurricane Francine aggregate erosion to take some cat bonds nearer attachment: Twelve - Polo offers optionality, unique proposition for ILS & Captive clients: CEO Elliott - Hannover Re may reduce K-Cessions sidecar for 2025. Reinsurers motivated to retain more risk - Property catastrophe reinsurance rates seen down ~5% at Jan 2025 renewal: KBW - WRMS expands parametric & index climate insurance solutions to Latin America - Conduit Re hires Nick Pritchard in Bermuda with alternative capital manager remit - Hurricane Francine insurance industry loss seen in range ~$1bn to $3bn - Hurricane Francine losses manageable for P&C insurers, minimal for reinsurance: RBC - Aeolus hires former Blackstone & PIMCO exec Henry as MD in Biz Dev & IR - More reinsurance capital to support well-structured aggregate covers at renewals - As alternative capital grows, limited impact seen to reinsurance price & terms: Moody's - Calgary hailstorm is Canada's second largest insured loss event ever at $2.8bn: CatIQ - More Australian pensions deploy to ILS. Rest Super picks Twelve for cat bonds - CelsiusPro tech now powering parametric Pacific cyclone cover for NZ insurer Tower - Demex adds industry luminaries DeMartini, Speare-Cole, Weber to new Advisory Board - Hurricane Francine strengthens to Category 2 100mph winds before Louisiana landfall - Tighter cat cover terms a "structural improvement" for reinsurers: Fitch Ratings - Swiss Re continually reviews how to expand institutional investor offering: ACP's Minter - ILS industry responds to ESMA call for evidence on cat bonds as UCITS eligible assets - Aon responding to global request for capital and risk transfer innovation: Andersen - Speedwell Climate, parametric & index data / settlement specialist, acquired by Vaisala - Scepticism around Lloyd's abating, investor interest is really strong: Argenta (APCL) - Hailstorms in Europe have increased 267% in the past five years: Chaucer For continuous coverage in real-time visit Artemis. For details of the latest catastrophe bonds visit our Deal Directory (containing over 1,000 entries.) | Featured Conferences & Events | ILS NYC 2025 - Save the date! February 7th, 2025 Save the date for our next catastrophe bond and insurance-linked securities (ILS) market conference in New York! | Reinsurance News is a our sister service which delivers the reinsurance news that matters directly through our responsive website and by email to your inbox. The Reinsurance News website has over 200k readers every single month and it covers the most important reinsurance news, hand selected by an experienced team of researchers and journalists with years of reinsurance industry experience. | Stay in touch with Artemis | | | | |
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