Catch up on our top stories of the last week
Best of Artemis, week ending December 8th 2024 | | |  ILS NYC 2025 - Secure your Early Bird ticket today! - Reinsurance buyers more hopeful on aggregate cover, cat bond market appetite rising
Speaking with a number of reinsurance buyers regarding their outlooks for January 2025 renewals, it's clear most are resigned to attachment points remaining at or near the more elevated levels set in recent years, but they are hopeful that aggregate coverage will become more available, especially from the capital markets. - WTW announces treaty reinsurance broking re-entry with Bain Capital joint venture
Broking group WTW has confirmed its re-entry to the treaty reinsurance broking sector, through a joint venture established with specialist private investment firm Bain Capital. - RenaissanceRe looks set to launch Medici UCITS catastrophe bond fund
RenaissanceRe looks set to be the latest to offer a UCITS insurance-linked securities (ILS) fund, with a fund structure now registered in Ireland under its Medici brand, so presumably this will be a cat bond strategy. - Reinsurance pricing base case for 2025, a reversion to ~2023 levels: J.P. Morgan
Analysts at J.P. Morgan believe that the reinsurance market may simply wind back the clock one year at renewal seasons in 2025, with the firm's base case for reinsurance pricing being for a reversion to roughly 2023 levels. - ILS NYC 2025: Casualty ILS & Parametric investments to get their own panel sessions
We are delighted to announce that casualty insurance-linked securities (ILS) and investment opportunities in parametric risk transfer structures, will be the focus of two main panel sessions at our upcoming Artemis ILS NYC 2025 conference in New York on February 7th next year. - Aon hires O'Connell to lead on cyber reinsurance strategy & growth, including use of cyber ILS
Aon's Reinsurance Solutions division has announced the hiring of Robert O'Connell as Global Cyber Strategy and Growth Leader, Executive Managing Director, a role that will see him tasked with leading on delivering value to cyber clients, including through the use of cyber insurance-linked securities (ILS). - Swiss Re: Global insured catastrophe losses to exceed $135bn in 2024
Swiss Re has estimated that global insured catastrophe losses are on track to exceed US $135 billion by the end of 2024, marking the fifth consecutive year where the insurance market has dealt with losses of over US $100 billion. - Florida Citizens lifts reinsurance and cat bond risk transfer target to $4.5bn for 2025
Florida's Citizens Property Insurance Corporation, the state's insurer of last resort, is currently projecting a need to budget for a larger tower of reinsurance and catastrophe bonds in 2025, with almost $4.5 billion of risk transfer being discussed. - World Bank supports Eastern Caribbean on cat swap, cat bonds, more parametric cover
The World Bank is working with four countries from the Organization of Eastern Caribbean States Commission (OECS), Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines, to strengthen their climate resilience and with three risk transfer options being explored, a catastrophe swap, catastrophe bonds, or securing more parametric insurance. - Clear Blue sues China Construction Bank over Vesttoo reinsurance fraud
You would be forgiven for thinking the industry had moved on from the debacle that was the Vesttoo reinsurance letter of credit (LOC) fraud, but legal action continues and the latest case to be filed sees fronting specialist Clear Blue Insurance suing China Construction Bank for damages. | 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. This single daily email contains 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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