Here's our latest Friday wrap-up of key news from the week.
This week, we launched our brand new cat bond report analysing third-quarter and nine-month 2024 issuance and a market that remains on record pace.
Big news this week in the cat bond and ILS broking space, as Paul Schultz moves to become Aon's Global Vice Chair, Reinsurance, with Richard Pennay taking over as CEO Aon Securities.
We explained that our sources suggest there are some nerves over the potential for hurricane Helene industry losses to prove higher than anticipated.
Euler ILS Partners has been launched as a new independent ILS manager, after the management buyut of Credit Suisse ILS completed.
We revealed a new catastrophe bond in the market for real estate and warehousing investor Prologis Inc.
Analysts at J.P. Morgan said only "small scale" softening of reinsurance pricing is anticipated at Jan 1 2025.
RBC Capital Markets analysts said hurricane Helene losses could extend into the double-digit billions.
A new casualty ILS sidecar, Fractal Re, has been launched by Starwind after a $270m funding round.
Register for our live ILS Market Outlook 2025 webinar.
In other news this week, analysts at Jefferies said that ILS has a significant growth opportunity, with $200bn of capital possible by 2032.
The ILS Advisers Index reported an all-time record month return for August 2024.
Twelve Capital reiterated that direct cat bond losses from hurricane Helene are not anticipated, but did say it is watching the NFIP bonds closely.
Stone Ridge has continued to grow its mutual ILS fund assets, nearing a five-year high for them.
The insurance industry loss from hurricane Helene is estimated to be close to $6.4 billion by Karen Clark & Company (KCC).
Beazley has secured a $290m cyber ILW that alongside its $510m of cyber cat bonds shows the capital markets playing a majority role in its cyber catastrophe XOL reinsurance.
Two new parametric risk transfer businesses launched this week, with Trigger Parametric from former ASR and Stable underwriters, while Adaptive Insurance has been launched with a tech-focus.
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.
No comments:
Post a Comment