Our news and analysis from the last week
Artemis Newsletter - Wednesday October 23rd 2024 | | | ILS NYC 2025 - Super Early Bird tickets selling fast! - NN Group targets third Orange Capital Re cat bond, to provide €75m reinsurance - Munich Re: ~€500m Helene loss dents Q3, to beat full-year profit target despite Milton - ILS NYC 2025 – Feb 7th. Register now to secure the Super Early Bird rate! - We're looking to grow Phoenix sidecar, broaden its scope: William Ho, MS Amlin Asia Pacific - Prologis gets new $95m Logistics Re cat bond at low-end of twice reduced price guidance - K2 Advisors stays overweight cat bonds & ILS, cites Q4 opportunities / still high yields - Hong Kong hopes to kick-start local ILS investment with tax exemption - PGGM / PFZW ILS portfolio returns 11.7% to end of Q3. AUM around US $8.6bn - Cat bond market index bounces back, now only -0.30% since hurricane Milton - ARC & Munich Re back parametric cover integrated into disaster-adapted loan - Windstorm Babet and Aline industry loss estimate lowered 8% to €639m - Mutual cat bond and ILS funds (mostly) reduce post-Milton decline at Friday's pricing - UCITS cat bond fund index only fell 0.42% on hurricane Milton - Munich Re expects rising demand in Europe, but warns on price & term discipline - Alternative capital a material and critical reinsurance partner through crises: Rapin, Nephila - Hannover Re's E+S Rück forecasts nat cat reinsurance demand, improved prices and terms - Post-event cat bond pricing "quite different" with Milton compared to Ian: Icosa - We don't see Milton driving a reinsurance market turn: J.P. Morgan - UCITS cat bond funds in -0.77% average mark-down on hurricane Milton - Hurricane Milton insured losses estimated $17bn-$28bn inc. NFIP by CoreLogic - Hurricane Milton private market insured losses up to $36bn: Moody's RMS - Allstate reports $1.7bn Q3 catastrophe losses, $630m from hurricane Helene - Hurricanes to influence property rates in 2025. Cat bond issuance to be elevated: Doyle, MMC - PGGM / PFZW invest $200m into Mt. Logan Capital Management structure Scenery Re - Scaling use of parametric risk transfer can help protect natural assets: Report - Lighter touch Lloyd's access point could boost attractiveness to investors: Aon & LMA - $14.35m fourth Mangrove Risk Solutions private cat bond from Marsh, GC comes to light - HCI to pay $600m-$750m for hurricanes Debby, Helene, Milton. Reinsurance assists - 2024 insured catastrophe losses to be above average. Gallagher Re says $108bn after Q3 - Hurricane Milton insured loss estimated $30bn to $50bn (excl. NFIP): Verisk - Mutual cat bond and ILS funds correct in post-Milton NAV adjustments - Parametric insurance can help close US $1.8tn protection gap: Generali and UNDP 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 | 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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