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Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Innovation, expansion, diversification key to ILS growth: Industry leaders

    In order for the insurance-linked securities (ILS) market to continue to grow at the pace it’s been accustomed to, it will need to expand and diversify into new peril regions via innovation, according to industry leaders. The ILS market’s focus on property catastrophe business is likely to continue expanding the sector, but at a pace […]Innovation, expansion, diversification key to ILS growth: Ind...

  • Too early to say hedge fund reinsurance model is a failure: A.M. Best

    Adverse economic conditions and reinsurance market turmoil has challenged industry participants throughout 2015 and into 2016, with hedge fund reinsurers being no exception, but it’s still too early to call this approach a failure, according to A.M. Best. The global reinsurance industry continues to evolve, leading market participants both old and new to adopt varied […]Too early to say hedge fund...

  • Phoenix takes Abbey Life from Deutsche Bank for £935m

    Phoenix Life Holdings Limited, a subsidiary of life insurance and reinsurance consolidator Phoenix Group Holdings Limited, has agreed to acquire the Abbey Life business from Deutsche Bank, a deal that will provide the troubled bank with £935m ($1.215 billion) in cash. Abbey Life is company that regularly features in the longevity risk transfer, longevity swap […]Phoenix takes Abbey Life from Deuts...

  • ILS investment fund returns hit 0.86% in August 2016

    Insurance-linked securities (ILS), pure catastrophe bond and reinsurance linked investment funds reported their highest single monthly return of the year in August 2016, with the sector recording an impressive and above average 0.86% for the month. Premium allocation due to being in the peak of the U.S. hurricane season and ongoing strong demand for catastrophe […]ILS investment fund returns hit 0...

  • CEA policy uptake rises, more risk transfer will be required: Pomeroy

    The California Earthquake Association (CEA), the non-profit provider of over 76% of residential earthquake insurance policies in California, has reported a significant increase in policy uptake in 2016, which the CEO told Artemis will mean more risk transfer will likely be required. California, as one of the most earthquake prone regions of an advanced economy, […]CEA policy uptake rises, more ris...

  • Alternative capital “an innovative force within insurance” – Aon

    While alternative capital has tested the marketplace, fundamentally changing the risk transfer business and been said to have disrupted the risk-to-capital value-chain in recent times, Aon says it’s important to remember that it’s provided an innovative force within insurance. According to Aon Securities, a subsidiary of Aon, alternative reinsurance capital now stands at an estimated […]Alternativ...

  • No sign increasingly disciplined pool of alt capital will shrink: Peel Hunt

    Despite a slowdown in the growth of alternative reinsurance capital in more recent times there’s no sign of the pool shrinking, and with a wealth of capacity waiting to enter post-event it’s unlikely a large event will turn the market, according to a recent note from Peel Hunt. It’s clear that the growth alternative reinsurance […]No sign increasingly disciplined pool of alt capital will shrink: P...

  • E&S market to come under pressure, as reinsurers hunt returns: Fitch

    The U.S. excess and surplus (E&S) lines insurance market may come under increasing pressure as reinsurance firms and others with the ability to underwrite E&S risks target the sector to offset lower pricing in other areas of reinsurance, according to Fitch Ratings. Large, specialist reinsurance underwriting firms have been increasingly stepping out of their traditional […]E&S market to come under ...

  • Sompo Japan trials blockchain for catastrophe & weather derivatives

    Japanese and global property & casualty insurance group Sompo Japan Nipponkoa Holdings Inc., is the latest to embrace use of blockchain technology for risk transfer as it trials the technology for catastrophe and weather linked derivative transactions. Blockchain, the distributed ledger technology which was originally developed for cryptocurrency bitcoin but has now been seen to […]Sompo Japan tri...

  • Why ILS managers are staying firm on rates: Michael Stahel, LGT

    Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners describes how tearing down the wall between the reinsurance and capital markets has fundamentally altered the reinsurance cycle. Speaking to Artemis following the 2016 Rendez-Vous de Septembre in Monte Carlo, he also explained why Solvency II would encourage cedants to buy more collateralised protection. How […]Why ILS managers are ...

Artemis.bm

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Insurance more interconnected with capital markets than before: UK PRA

    To a greater extent than historically, insurance and reinsurance is more “interconnected with wider capital markets” than before, which alongside the inflow of institutional investor capital has helped to drive expected returns down, according to the UK’s Prudential Regulation Authority (PRA). In a speech this morning to the audience of the General Insurance Research Organisation […]Insurance more...

  • Evolving investor needs could hike ILS investment in Asia: Execs

    With insurance penetration across Asia poised for growth, the evolution of the sector and Asian investors’ increasing search for yield, uncorrelated returns, and a transition to investing in a portfolio context, will increase ILS investment, according to industry executives. For a number of reasons that includes a lack of awareness and education, limited catastrophe modelling […]Evolving investor ...

  • Moody’s updates catastrophe bond rating methodology

    Rating agency Moody’s Investors Service has published an updated version of its rating methodology for catastrophe bonds, clarifying the firms approach to monitoring in-force cat bonds and mortality bonds, while making editorial changes to the methodologies text for clarity. Currently, Moody’s does not rate any outstanding catastrophe bonds, but the rating agency would like to […]Moody’s updates c...

  • Alternative capital helps reinsurance serve broader set of goals: Swiss Re

    The utilisation of reinsurance protection is transitioning to serve a wider range of goals, and the integration of efficient, alternative reinsurance capital is helping the market achieve this, according to Swiss Re. The continued evolution of the insurance and reinsurance industry has resulted in a more mature and sophisticated approach to buying reinsurance protection, where […]Alternative capit...

  • Hunt for profitable business to drive reinsurance M&A: A.M. Best

    As reinsurance firms continue to shape their responses to the challenging and competitive market environment, searching for profitable business remains a key necessity and the desire for this relevance could drive more mergers & acquisitions, says A.M. Best. While reinsurers have been reporting decent profits in recent quarters, they are becoming increasingly hard to find […]Hunt for profitable bu...

  • Unwillingness to pay “one of the big myths” of the ILS market: Craig Wenzel, XL Catlin

    Craig Wenzel, Head of Alternative Capital at XL Catlin, does not understand why there is any concern amongst cedants that alternative reinsurance or ILS structures could fail to payout in the event of a major loss. In comparison to the frequent claims disputes in the traditional reinsurance market, the collateralised reinsurance and ILS market has […]Unwillingness to pay “one of the big myths” of ...

  • Catastrophe bonds & ILS not a reinsurance disruptor: Dennis Kessler

    The rise of catastrophe bonds and insurance-linked securities (ILS) issuance in the global reinsurance marketplace is not a market disruptor, but supportive and supplementary to the global reinsurance market, according to SCOR’s Dennis Kessler. With so many headwinds continuing to test the global reinsurance market, including excess capacity, the benign loss experience, low interest rates […]Catas...

  • PERILS in Australia enables new risk trading possibilities: Luzi Hitz, CEO

    PERILS AG, the provider of industry-wide catastrophe exposure, industry loss data and indices, recently announced its expansion into Australia, a move that Chief Executive Officer (CEO), Luzi Hitz, says will open up new trading possibilities and that has received strong market support. Speaking to Artemis around the 2016 Monte Carlo Reinsurance Rendezvous, Luzi Hitz of […]PERILS in Australia enabl...

  • Despite falling returns equity investors unlikely to exit reinsurance: S&P

    The majority of reinsurance equity investors are likely to remain in the sector despite persistent rate declines as returns continue to be more favourable than other industry sectors, according to Standard & Poor’s (S&P). Rates have declined in the global reinsurance industry for some time, and despite a moderation of reductions in some business lines […]Despite falling returns equity investors un...

  • Hurricane Hermine insured losses expected below $400m: RMS

    According to risk modelling firm RMS the insurance and reinsurance industry is not expected to face any more than $400m in industry losses as a result of hurricane Hermine’s recent landfall in Florida and the subsequent wind and coastal flooding caused by the storm. Hurricane Hermine struck Florida at the start of September, breaking the […]Hurricane Hermine insured losses expected below $400m: RM...

Artemis.bm

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • ILS growth to continue at a steady pace: Munich Re’s Blunck

    At the annual meeting of the reinsurance industry in Monte Carlo, Thomas Blunck, a member of the Munich Re board of management, said that he expects the insurance-linked securities (ILS) space to continue on its current development path. Addressing an audience at the 2016 meeting of the reinsurance industry in Monte Carlo, Blunck shared his […]ILS growth to continue at a steady pace: Munich Re’s B...

  • Post-loss reinsurance rate rises will be difficult to sustain: Priebe, Guy Carpenter

    In the future the reinsurance market will find it increasingly difficult to sustain price increases after major losses, as the ILS sector has made contingency plans to inflow new capital rapidly post-event, according to Guy Carpenter Vice Chairman David Priebe. The reinsurance market has been softened due to excess levels of traditional capacity and the […]Post-loss reinsurance rate rises will be ...

  • Broker facilities “casino” underwriting: Victor Peignet, SCOR

    Victor Peignet, CEO of SCOR Global P&C, the property and casualty division of the global reinsurance firm, is not a fan of broker facilities because there is no “skin in the game”. “I don’t like those,” he said, speaking to Artemis at the 2016 Monte Carlo Reinsurance Rendez-vous. “It’s a question of portfolio. What I […]Broker facilities “casino” underwriting: Victor Peignet, SCOR was published by...

  • Reinsurers only profitable due to low catastrophe experience: S&P

    Standard & Poor’s notes that were it not for the benign catastrophe loss experience of recent years and higher reserve releases reinsurers’ return on capital would have failed to exceed cost of capital levels in 2015 and so far in 2016, suggesting that a truly soft market is nearing. The profitability of global reinsurers has […]Reinsurers only profitable due to low catastrophe experience: S&P was...

  • The bottom is in sight: Kathleen Faries, Tokio Millennium Re

    If RoEs in the reinsurance industry continue to decline investors will “at some point question putting their capital into this space… but luckily we’re not quite there yet”, according to Kathleen Faries, Head of Bermuda at Tokyo Millennium Re, the global reinsurance operations of Tokyo Marine & Nichido Fire Insurance Company. Nevertheless prices do need […]The bottom is in sight: Kathleen Faries, ...

  • “Mass migration” into specialty lines could amplify rate declines: KBW

    The trend of insurers, reinsurers, and ILS players increasing their interest in specialty business lines will likely “intensify” rate declines, and could leave those that lack discipline and underwriting knowledge in a compromising position, warns Keefe, Bruyette & Woods (KBW). In an effort to navigate the softening reinsurance landscape and avoid the most competitive business […]“Mass migration” ...

  • ILS provides Europe’s major reinsurers with underwriting flexibility: Fitch

    The four major European reinsurers continue to use the features and capacity of the insurance-linked securities (ILS) space to transfer peak risks. Utilising alternative capital provides the firms with additional underwriting flexibility and is supportive of strong risk management, according to Fitch Ratings. The four large European reinsurance companies, Munich Re, Swiss Re, SCOR, and […]ILS prov...

  • Super typhoon Meranti has medium-high insured loss potential: Aon Benfield

    Reinsurance broker Aon Benfield’s risk modelling unit Impact Forecasting says that super typhoon Meranti, which is tracking towards China with winds of an estimated , has medium to high insured loss potential. Super typhoon Meranti is a large and dangerous storm, with winds estimated around the 180mph mark and gusts estimated at well over 200mph. […]Super typhoon Meranti has medium-high insured lo...

  • Alternative capital & ILS has “uberized” insurance & reinsurance

    The innovatively generated, and expanding source of alternative reinsurance capital is a game changer that has uberized the insurance and reinsurance industry, according to industry leaders speaking at the 2016 Monte Carlo Reinsurance Rendezvous. While the numbers from different sources may vary, one estimate puts the wealth of alternative reinsurance capital at roughly $75 billion […]Alternative ...

  • Capital markets make sense for certain risks & here to stay: Swiss Re CEO

    The securitisation of risks via third-party backed reinsurance capital “makes perfect sense” for natural catastrophe risks owing to the underinsurance of peak risks, and is an important risk transfer tool that is most likely here to stay, according to Christian Mumenthaler, the Chief Executive Officer (CEO) of Swiss Re. Addressing an audience at the Swiss […]Capital markets make sense for certain ...

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