Our news and analysis from the last week
Artemis Newsletter - Wednesday October 30th 2024 | | | ILS NYC 2025 - Super Early Bird tickets almost gone! - Florida state pension increased ILS allocations at mid-year, but more cautious on 1/1 - SageSure adds former Guy Carpenter CEO Peter Hearn to its Board - Gallagher Securities CEO flags challenges in maintaining ILS growth trajectory in 2025 - Swiss Re cat bond index rises further, more than regains Milton decline - ILS investments offering significant yield advantage and relative value: Leadenhall - Gallagher Re & ARC design parametric drought reinsurance for UN World Food Programme - 2024 insured catastrophe losses likely to exceed 2023. Already above $102bn: Aon - FEMA reports 54,000 NFIP flood insurance claims filed for hurricane Helene - Final reminder: ILS Market Outlook 2025 webinar – October 31st - Liberty Mutual estimates up to $900m of hurricane losses from Helene and Milton - Gallagher & Artex add alternative risk solutions to MEA offering - Acorn Re parametric cat bond upsized to $450m, priced below initial guidance - Forward Exit Option (FEO) – A flexible finality solution for ILS investors: Zaprianov, Enstar - Hurricanes Debbie, Helene, Milton a $600m-$900m hit, only ~$156m retained: Universal CEO - Aon reports 13% increase to $6bn in year-to-date cat bond placements - Reinsurance responds for Universal, to better protect its Q4 including from Milton - Collateralized fronting a very important element for us: Steinmann, Hannover Re - Arthur J. Gallagher acquires investment consultancy Redington - Modest cat bond allocation can improve 60/40 portfolio returns & risk metrics: Twelve Capital - NZ Super Fund nat cat ILS investments return 12.6%. Decides to exit life settlements - $380m implied Helene & Milton cat bond loss keeps pricing in neutral territory: Lane Financial - Cat bond issuance running ahead of trend, record still possible for 2024: Icosa Investments - Hurricanes support stabilization of property catastrophe reinsurance pricing: Moody's - Acorn Re parametric cat bond target lifted to $450m, price guidance lowered - HCI assumes policies worth $200m in premium with Florida Citizens takeout - Lloyd's and UNCDF tap global reinsurance support for new parametric disaster facility - Catastrophe bond fund UCITS assets surpass $13bn for first time, add 7% in Q3 - American Coastal estimates hurricane Milton losses well-below Armor cat bond trigger - USAA returns with $325m target for Residential Re 2024-2 occurrence cat bond - Ambassador mutual catastrophe bond fund growth continues, hitting $329.1m - AI-improved risk modelling can streamline catastrophe bond transactions: World Bank - Twelve Capital surpasses $4bn in cat bond and ILS AUM for the first time - African Risk Capacity (ARC) sells Ghana its first parametric drought insurance policy - Hurricanes will contribute to keeping ILS spreads historically high: Schroders Capital CIO Rode - Heritage: Hurricane Milton loss could reach third-layer of reinsurance tower, surpass $450m 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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