What a storm 10 years ago could look like 30 years from now

Recent studies indicate that climate change could cause a storm with an increase in wind loss of about 50% and an increase in storm surge loss of about 70% compared to what occurred during Hurricane Sandy. (This image of the New Jersey shore after Hurricane Sandy was captured by U.S. Air Force Master Sgt. Mark C. […]

The 2023 opportunity looks more attractive for ILS: Convergence

On the final day of the 2022 Convergence event in Bermuda, experts from across the insurance-linked securities (ILS) sector explained that, despite the challenges of recent years, there are opportunities out there. To end this year’s Convergence, Jan-Hendrik Hein, Investor Relations & Business Development Lead at Hiscox ILS, moderated a panel featuring experts and executives […]

Hannover Re to benefit from opportunities in ILS & Asia: Jefferies

Analysts at Jefferies have asserted that Hannover Re is set to benefit from opportunities in areas of change that it has embraced to a greater extent than many peers, including the hard market environment, ILS markets, Asian growth and even IFRS 17. In terms of innovation, Jefferies notes that Hannover Re has proactively embraced the […]

ILW prices surged on higher demand, lower capacity: CNR ILW fund

Industry loss warranty (ILW) pricing surged through the first-half of 2022, thanks to rising demand for ILW protection amid a constrained market for reinsurance and retrocession capacity, according to the CEO of the City National Rochdale Select Strategies Fund. Garrett R. D’Alessandro explained that the industry-loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund strategy […]

The catastrophe bonds seen most at-risk from hurricane Ian (currently)

We wanted to provide a list of catastrophe bond names, for those transactions that are currently felt to be most at-risk of losses after major hurricane Ian’s landfall in Florida. It’s important to stress that this list will continue to change and that any mark-downs in cat bond prices we cite here are averaged from […]

Twelve Capital warns of “potentially significant” aggregate cat bond erosion from Ian

After hurricane Ian, there is the potential for “significant” erosion to aggregate catastrophe bonds, according to investment manager Twelve Capital. In its latest update on major hurricane Ian, Twelve Capital, the Zurich-headquartered insurance-linked securities (ILS) and reinsurance linked fund manager, said that it is now working off a range of industry loss estimates from $50 […]

Alternative capital’s resilience will be tested (again) by hurricane Ian: S&P

Alternative capital investors are about to have their resilience tested again, according to S&P Global Ratings, who said that although it is too early to have an accurate quantification of industry losses from hurricane Ian, it’s clear this is a major event for the reinsurance and ILS sector. With each day more information emerges showing […]

AM Best flags uncertainties for Sub-Saharan reinsurance market

Analysts at AM Best have flagged a host of uncertainties that may impede the near-term prospects of the reinsurance market in Sub-Saharan Africa (SSA), despite its significant expansion over the past decade. The rating agency notes that gross written premium in the SSA reinsurance market has grown at a 10-year compound annual growth rate of […]

Well over $1bn of cat bond mark-downs expected after hurricane Ian

We asked our insurance-linked securities (ILS) focused readers for their thoughts as to how large the Hurricane Ian mark-to-market implied loss to catastrophe bonds could be, when pricing sheets were marked on Friday. The resounding answer was that “more than $1 billion” of mark-downs in value were expected across the catastrophe bond market, while a […]