Diversification in focus for world’s largest pension funds
Many of the world’s largest pension fund investors are actively seeking out diversification opportunities, as they shift portfolios in light of global economic volatility, which could serve to further raise the profile of ILS investments. A recent piece of research from brokerage and consultant WTW states that out of the top 20 pension funds in […]
Up to $20bn in new capacity needed for Jan 2023 reinsurance renewals: JMP
A true reinsurance hard market may be around the corner, particularly in US property lines such as coastal wind exposed towers, with inflation a key driver and expected to result in a need for as much as $20 billion of new capacity to soak up demand at the renewals. Already some of the biggest US […]
Typhoon Nanmadol seen as Japanese industry loss threat
Update: See our more recent article on typhoon Nanmadol. While tropical storm Fiona may be concerning some, given the uncertainty in its eventual path, on the other side of the globe typhoon Nanmadol is seen as a relatively significant Japanese loss threat by insurance and reinsurance market interests. Typhoon Nanmadol is set to strike southwest Japan with […]
ILS continues to succeed with stable capital and expanded cat bond market: Aon
Despite industry headwinds, the insurance-linked securities (ILS) market continues to succeed, according to Aon’s Alternative Capital: Growing Markets report, which analyses trends in the sector during the 12-month period through June 30, 2022 The report includes commentary and insights on the catastrophe bond market, transaction activity, ILS-related markets – such as Industry Loss Warranties (ILW), sidecars and […]
ILS market needs to defend improved terms & conditions: Grandi, Twelve Capital
The insurance-linked securities (ILS) market needs to defend the gains it has made in improved terms and conditions, making sure technical underwriting standards are maintained, Marcel Grandi of investment manager Twelve Capital has said. Speaking to Artemis around the 2022 Monte Carlo Rendezvous reinsurance event, Marcel Grandi, Head of ILS Sourcing at Twelve Capital explained […]
Data shows industry loss warranty price trends. AM Best says ILW capacity rising
We’ve developed an industry-loss warranty (ILW) pricing data set from information we’ve gathered over the years, as well as recent input from our market sources that helped validate this new Artemis data service. For the moment, we have pricing on three specific triggers for industry-loss warranties (ILW’s), $50bn industry loss attachments for US earthquake, US wind […]
Alternative capital market poised to resume growth trend: Moody’s
A positive pricing momentum for reinsurance will help alternative capital – capital from investors in the form of collateralized reinsurance, catastrophe bonds and reinsurance sidecars – to restart growth after five years of poor returns, according to a recent Moody’s report. Over the past 15 years, alternative capital has grown from approximately $22bn at year-end […]
Alternative reinsurance capital could be more relevant than ever: S&P
Alternative capital could be “more relevant than ever” in the global reinsurance industry and has a chance to grow, at a time when reinsurers are looking to manage their volatility more tightly and pulling-back in some quarters such as catastrophe risks, according to S&P Global Ratings. In updating its analysis of the global reinsurance sector, […]
African Risk Capacity Presents Award
The Bermuda Business Development Agency [BDA] said they were pleased to facilitate an important dialogue and award presentation between the board of directors of African Risk Capacity Limited [ARC Ltd.] and Bermuda’s Deputy Premier. A spokesperson said, “To recognise the formation of ARC Ltd. being formed in Bermuda ten years ago, ARC Ltd.’s board of […]
Reinsurance capital shrinks, ILS market share grows to 15%: Gallagher Re
Alternative reinsurance capital, so the capacity deployed through insurance-linked securities (ILS) structures including catastrophe bonds, has remained relatively flat since 2021, but with traditional reinsurance capital having shrunk, the ILS market’s share has increased, according to Gallagher Re. In a report released today, broker Gallagher Re highlights the decline in traditional reinsurance market capital, as […]