Catch up on our top stories of the last week
Best of Artemis, week ending January 12th 2025 | | |  ILS NYC 2025 - Secure your place, register here! - LA wildfires: Over 10k structures destroyed. Insured losses up to ~$20bn, economic $150bn
Details on the scale of the devastation caused by the wildfires burning in the Los Angeles region of California began to emerge, with officials saying 10,000 structures had been destroyed across the two main fires, while estimates of losses continued to rise. - Guy Carpenter property catastrophe reinsurance indices all decline at 1/1 2025 renewal
Property catastrophe reinsurance rates declined across the globe at the January 1st 2025 reinsurance renewals, with broker Guy Carpenter's rate-on-line indices for the world, US, Europe and Asia Pacific all falling to start the new year. - Mercury says LA wildfire losses to exceed reinsurance retention
Insurer Mercury General Corporation has said that it expects the ongoing wildfires in Los Angeles, California will result in losses for the company that will exceed its reinsurance retention of $150 million. - LA wildfires unlikely to cause meaningful catastrophe bond impact: Plenum Investments
Specialist manager of catastrophe bond and insurance-linked securities (ILS) funds Plenum Investments has said that it does not believe that the ongoing wildfire situation in Los Angeles will have a meaningful impact on the catastrophe bond market. - ILS sector poised to attract substantial capital inflows in 2025: Agecroft Partners
Among the hedge fund investment sectors set to benefit from rising institutional investor interest in 2025, Agecroft Partners believes that reinsurance focused insurance-linked securities (ILS) strategies are "poised to attract substantial capital inflows in 2025." - LA fires: "Considerable attachment erosion" likely for some aggregate cat bonds – Steiger, Icosa
With loss estimates for the Los Angeles, California wildfires having risen, there is now likely to be "considerable attachment erosion" for some aggregate catastrophe bonds that hold exposure to the wildfire peril, Florian Steiger, CEO of Icosa Investments AG has said. - Aetna targets its largest Vitality Re health ILS, $250m Vitality Re XVI 2025 issuance
Aetna, the health, medical and benefits insurance unit of CVS Health, is back in the insurance-linked securities (ILS) market and seeking what could become its largest issuance in the long-standing Vitality Re series. - Ryan Specialty to acquire Velocity Risk for $525m. FM to acquire Velocity E&S carrier
Ryan Specialty has agreed to acquire managing general underwriter (MGU) Velocity Risk Underwriters, LLC from its current owner, funds managed by Oaktree Capital Management, L.P. for $525 million, while insurer FM is set to acquire the MGU's excess and surplus (E&S) lines carrier. - Hard market structural changes likely to endure in reinsurance: Howden
Even while pricing across the reinsurance market has begun to decline from its historically high levels, broking group Howden believes that the structural changes enacted during the recent hard market are likely to endure. - Swiss Re seeks $150m wind / quake retrocession from Matterhorn Re 2025-1 cat bond
Swiss Re is back in the catastrophe bond market seeking $150 million or more in North American earthquake and named storm retrocessional protection from capital market investors, through a Matterhorn Re Ltd. (Series 2025-1) transaction. | 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 | | | | |
You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe or Edit your subscription here.
© Steve Evans Ltd. - Artemis.bm
| | |
No comments:
Post a Comment