Cedent interest in cat bonds rising, prices to attract investors: Shiv Kumar, GC Securities
The catastrophe bond market is very well-positioned, with cedent interest in utilising cat bonds as reinsurance risk transfer tools on the rise, while pricing has already risen high enough to attract investors to deploy more capital, according to GC Securities Shiv Kumar. Speaking during a Guy Carpenter pre-Monte Carlo briefing, Shiv Kumar, President of the […]
Singapore’s capital market focus for re/insurance development continues
The government of Singapore continues to look to the capital markets to push the boundaries in developing its insurance and reinsurance market, with an ambition to further develop the ability of the sector to tap capital market appetite for risk. In revealing a new growth strategy for the Singapore financial services industry, the Monetary Authority […]
Typhoon Nanmadol not expected to trigger catastrophe bonds: Plenum
Typhoon Nanmadol’s impacts in Japan are not expected to result in insurance and reinsurance market losses high enough to trouble any catastrophe bonds, according to Plenum Investments. Typhoon Nanmadol continues to affect Japan with heavy rain and its winds caused damage across a relatively wide swathe of the south west of the country. However, as […]
ILS managers with stable, deployable capital well-positioned
Two factors are currently being looked on very favourably by any institutional investors that are researching the insurance-linked securities (ILS) asset class, the stability of an ILS investment managers’ assets over recent years, and importantly how the amount that was actually deployable has fluctuated. End-investors we’ve spoken with, that are looking to either make their […]
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 […]