2024 climate disasters cause billions in losses highlighting urgent need for action: Christian Aid
The year 2024 saw several extreme climate disasters that resulted in billions of dollars in insured losses, underscoring the urgent need to reduce carbon emissions, accelerate the transition to renewable energy, and provide funding for vulnerable populations, according to Christian Aid. In its latest report, Christian Aid identified the 10 most costly climate-related disasters of […]
Stone Ridge’s flagship ILS fund returns 92% in two years, casualty reinsurer Longtail Re outperforms
Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, had another strong year for its reinsurance investment strategies and ventures in 2024, which CEO Ross Stevens describes in his latest investor letter while also explaining some of what makes the firm so interesting. Having delivered record returns to investors in […]
Galapagos Capital gets SUSEP authorisation for SSPE structure to issue ILS in Brazil
Galapagos Capital has now received the expected official authorisation from Brazil’s insurance regulator SUSEP to establish its own Sociedades Seguradoras de Propósito Específico (SSPE), a special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters), which are insurance-linked securities (ILS). The move puts Galapagos Capital on track to achieve its […]
Alternative reinsurance capital grew 7% to $107bn in 2024: Guy Carpenter, AM Best
Dedicated reinsurance capital grew by 6.9% over the course of 2024, but alternative capital that largely represents the capacity deployed by insurance-linked securities (ILS) fund managers and through other ILS structures expanded slightly faster by 7% to reach $107 billion this year, according to Guy Carpenter and AM Best. Previously, the reinsurance broker and the […]
European System for Natural Catastrophe Risk Management & Re/Insurance
FULL ORIGINAL PUBLICATION HERE
Sustained strong catastrophe reinsurance profits ahead, if terms/attachments stick: KBW
Analysts at Keefe, Bruyette & Woods (KBW) are the second group to say that the returns generated from catastrophe reinsurance risk underwriting and capital allocation can remain strong, just so long as the industry remains disciplined on attachments, terms and conditions. It’s taken a while for it to become clearer that the real driver of the last […]
Silk Road Re cat bond gives Taiping Re $35m of 3-year China quake / US wind retro
We’ve learned a few more details about the new Silk Road Re Limited catastrophe bond transaction that is set to be issued out of Hong Kong, with the notes set to provide sponsor Taiping Reinsurance Company (Taiping Re) with a US $35 million source of three years of retrocessional protection. Yesterday, we reported that Taiping Re was set […]
Paying for the climate crisis: how to stop debt following disasters in low-income countries
Pre-arranged financing helps nations to prepare and recover faster from hurricanes, heatwaves, cyclones and other catastrophic weather events – but more needs to be done to improve access and affordability. FULL ORIGINAL PUBLICATION HERE
Taiping Re to sponsor Silk Road Re catastrophe bond out of Hong Kong
Taiping Reinsurance Company (Taiping Re), a Hong Kong based reinsurer that is part of the state-backed China Taiping Insurance Group, is in the process of sponsoring its first catastrophe bond, with a Silk Road Re Limited transaction set to be issued out of Hong Kong, Artemis can reveal. We’re told that this Silk Road Re […]
Galapagos Capital pre-authorised for structure to issue ILS in Brazil
Galapagos Capital, a global investment company headquartered in Brazil that offers a range of investment management, banking and financial services, has received pre-authorisation from the insurance regulator SUSEP to establish an issuer of Letra de Risco de Seguro (Insurance Risk Letters), which are Brazil’s own type of insurance-linked securities (ILS). Galapagos Capital aims to become […]