ILS NYC 2025 - Register now, Early Bird rate selling fast!
Here's our latest Friday wrap-up of key news from the week.
More new catastrophe bonds were launched to investors this week, with American Family targeting $175m of multi-peril cover, Liberty Mutual seeking $225m of indemnity protection, and American Coastal looking for $100m of Florida wind reinsurance.
Also in cat bonds, GAREAT, the French terror pool, successfully secured the targeted €100m of reinsurance from its debut Athéna I Reinsurance DAC catastrophe bond.
This week we announced the first speakers for our upcoming ILS NYC 2025 conference. See who and register here to secure your place.
Fitch Ratings noted that the APRA's proposed lowering of reinstatement requirements within its reinsurance rules may prove positive for cat bonds and ILS in Australia.
Ben Brookes of Moody's Insurance Solutions commented on the lowering of barriers to adoption of modern technoligies in the ILS space.
RenaissanceRe's Capital Partners division grew its third-party assets under management to a new end of quarter high of $7.72 bn, up almost $1 bn in a year.
In other news this week, Swiss Re said that rising exposure to natural catastrophes is set to continue driving property insurance market premiums higher, resulting in a corresponding increasing need for reinsurance and risk transfer.
AM Best noted that relatively stability may be seen at property reinsurance renewals next year.
But analysts at Morgan Stanley highlighted excess capital in the reinsurance system, which they believe may pressure rates.
We spoke with Hilary Paul of LGT ILS Partners, who said that there will be further insurance-linked securities (ILS) M&A consolidation in the near term.
Allstate reported its hurricane Milton pre-tax loss at $102m, which seemingly puts one of its Florida cat bonds at potential risk.
Non-profit Ceres highlighted parametric risk transfer, catastrophe bonds and ILS as innovative tools to address increasing climate risks and build a more resilient and sustainable insurance sector.
While, Greenlight Re said it is working to develop third-party capital partners and exploring opportunities to work with ILS investors.
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