Focus on the ‘resilience gap’
The industry should talk about the ‘resilience gap’ rather than the protection gap, says UN Development Program advisor Daniel Stander. The insurance industry will never be able to entirely close the protection gap—and the same is true for the public sector. That’s why the United Nations Development Program’s (UNDP) senior advisor Daniel Stander believes the […]
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 […]
TehranRe sets up with Insurance-Linked Securities’ ambitions
A new reinsurer has been established in Iran’s capital called Tehran Reinsurance Company, which launches with around USD 20 million of capital, and which has ambitions to offer services for a local insurance-linked securities (ILS) market. After Iranian regulators approved the launch of TehranRe in March 2021, the firm reached an agreement in principal for […]
Investment volatility to constrain China Re earnings: S&P
Analysts at S&P Global Ratings have warned that investment market volatility will constrain China Reinsurance (Group) Corp.’s earnings, potentially eating into its capital buffer and potentially eclipsing the progress it has made in overhauling its underwriting. The rating agency notes that China Re is more susceptible to credit and market risks than its international peers […]
Reinsurers divided on natural catastrophe risk: S&P
S&P Global Ratings has said that global reinsurers are parting ways on natural catastrophe risk, with half growing their exposure in this area over the course of the year. Meanwhile, the S&P said that the remainder are taking a more cautious and defensive stance by reducing their exposure. The firm said that this divergence in […]