Catch up on our top stories of the last week
Best of Artemis, week ending September 29th 2024 | | | - Hurricane Helene coverage
Dominating the news and our readers attention last week was hurricane Helene's approach to Florida and its landfall in the Big Bend as a major Category 4 storm with 140mph winds. - Hurricane Helene insured wind/surge property loss in Florida/Georgia initially said $3bn – $5bn: CoreLogic
Insured private market property losses from Helene's winds and storm surge across the US states of Florida and Georgia are initially thought from $3 billion to $5 billion, according to CoreLogic which issued the first post-landfall estimate. - Significant share of European flood claims to be covered by reinsurance: S&P
S&P Global Ratings has commented on the Central and Eastern European flood event from the second week of September, saying it expects a significant share of insurance claims will be covered by reinsurance capital. - Reinsurance and ILS a compelling income opportunity: US Bank
Wealth managers at US Bank, the fifth-largest commercial bank in the United States, have highlighted reinsurance and insurance-linked securities (ILS) as diversifying drivers of income for their clients. - Descartes launches new division to expand scope of offerings, including parametrics
Descartes Underwriting launched a Strategy & New Business Division with two key hires, as the company looks to expand the scope of its scientific underwriting offering. - Minimal to no cat bond impact expected from hurricane Helene if track unchanged: Plenum
If hurricane Helene did not deviate from the forecasted path for the storm it was not expected to have significant implications for the catastrophe bond market, according to a Wednesday update from Plenum Investments. - Ledger completes $100m casualty sidecar amid growing demand for solutions
Ledger Investing funded and launched a new $100 million casualty sidecar for a global reinsurer, financing the company's casualty reinsurance business over three underwriting years on a quota share basis. - Private ILS interest rising, enhances scope of investment options: Grandi, Twelve Capital
Interest in private ILS opportunities, so collateralised reinsurance and retrocession arrangements, has been rising and continues to, Marcel Grandi of Twelve Capital believes. He also thinks these instruments afford an investment manager more scope, in terms of investment options beyond catastrophe bonds and tailoring portfolios. - Mexico parametric cat bond safe from hurricane John's 120mph landfall
While the focus was on Helene on the Atlantic side, off the Pacific coast of Mexico hurricane John rapidly intensified and made landfall as a Category 3 storm which has resulted in enquiries from catastrophe bond investors. - Global reinsurers to continue seizing opportunity of hard property cat market: S&P
The large global reinsurance companies are expected to continue seizing the opportunity in property catastrophe risks while the market's pricing remains hard, S&P believes. | Featured Conferences & Events | ILS NYC 2025 - Save the date! February 7th, 2025 Our annual New York insurance-linked securities (ILS) conference will be back in 2025, please save the date. Tickets will be released soon. | 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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