Alternative capital the main source of inflow to reinsurance in 2024: Gallagher Re
As alternative reinsurance capital, from catastrophe bonds and other non-life insurance-linked securities (ILS) structures, grew to a new high of US $114 billion by the end of 2024, Gallagher Re notes that it was the main source of capital inflow to the reinsurance market last year. While traditional reinsurance capital also grew in 2024, to […]
SCMP: Opinion | An Asia racked by natural disasters needs insurers to step up
Instead of withdrawing from high-risk areas, Asia’s insurers must become an active partner in long-term climate risk management. FULL ORIGINAL PUBLICATION HERE
Catastrophe bond market can return ~8.5% in 2025 with expected losses: Lane Financial
The catastrophe bond market is forecast to have the potential to deliver a total return of around 8.5% in 2025, even after accounting for an expected level of losses to bonds during the year, according to consultancy Lane Financial LLC. Pricing in the catastrophe bond market is said to be “slouching just south of neutral,” […]
Alternative reinsurance capital hit new $115bn high at end of 2024: Aon
The amount of alternative capital from insurance-linked security (ILS) and third-party investor sources in the global reinsurance market grew by 7% in 2024, to end the year at a new high of $115 billion, according to Aon’s Reinsurance Solutions. When Aon last reported on alternative and ILS capital in the reinsurance market, the figure was $113 […]
Plenty of headroom left in higher reinsurance attachments, despite inflation: J.P. Morgan
Equity analysts from investment bank J.P. Morgan came away from a recent visit to companies in the London insurance and reinsurance market with the impression that underwriters feel there is plenty of headroom left in the higher attachment points still installed across the sector, despite inflationary influences on losses. “We came away from the tour […]
CEA revises cat bond issuance guidelines, says April reinsurance renewal a success
The Governing Board of the California Earthquake Authority (CEA) approved a revision to its guidelines for engaging in catastrophe bond risk transfer to the capital markets this week, while also noting a successful reinsurance renewal at April 1st, saying it secured favourable pricing and limit. The California Earthquake Authority (CEA) is a significant buyer of […]
Cat bonds move up to contribute 32% of CEA’s smaller still $7.72bn reinsurance tower
As the California Earthquake Authority (CEA) risk transfer needs have been adjusting and its reinsurance tower shrinking, catastrophe bonds now make up almost 32% of the total as of February 28th 2025. The CEA’s risk transfer tower had sat at just over $9.15 billion of limit as recently as following the June 2024 reinsurance renewal season, but […]
SCOR targets $200m Atlas Capital 2025-1 multi-peril catastrophe bond
France-headquartered global reinsurance company SCOR is back in the catastrophe bond market seeking $200 million or more in fully-collateralized retrocession from an Atlas Capital DAC (Series 2025-1) issuance, Artemis has learned. This new Atlas Capital DAC Series 2015-1 catastrophe bond will be the nineteenth from SCOR to use the Atlas name and the twentieth cat bond from […]
FT: Protectionism will help push up insurance prices, says Lloyd’s of London chief
John Neal warns geopolitics and regulatory requirements will add to cost of policies. FULL ORIGINAL PUBLICATION HERE
Florida State Board considers specialty, casualty, cyber ILS opportunities
Having previously said it was researching how to expand its insurance-linked securities (ILS) allocations beyond natural catastrophe risk, at a recent meeting executives of the Florida State Board of Administration explained that specialty lines, as well as casualty and cyber risks could be in scope for the large ILS allocator. The Florida State Board of […]