California earthquake to cause $600m of economic loss in Humboldt County: RMSI
According to global GIS and geospatial technology company, RMSI, a 6.4 magnitude earthquake that jolted the northern coast of California near Ferndale on 20 December is set to cause $600 million of economic loss in Humboldt County. RMSI states that the earthquake occurred in the vicinity of the Mendocino triple junction, where the Pacific, North […]
Использование Производных страховых инструментов (ILS) для устойчивого развития критической инфраструктуры транзитных стран инициативы «Пояс и Путь»
НАЖМИТЕ НА КАРТИНКУ ДЛЯ ПРОЧТЕНИЯ Глава из коллективной монографии Института Бизнеса БГУ Коллективная монография, подготовленная международным коллективом учёных, посвящена анализу различных аспектов устойчивого развития общества: экологическим, рыночным, социальным, информационным, технологическим, транспортным и ряду других. Одним из центральных аспектов издания является интеграционная компонента устойчивого развития различных секторов экономики разных государств для нашего общего будущего. Издание рекомендуется […]
TWIA will look to renew cat bonds early, due to reinsurance market conditions
The Board of the Texas Windstorm Insurance Association (TWIA) is being urged to enter the catastrophe bond market and plan for a renewal of expiring Alamo Re notes sooner than normal, as market conditions could make the placement more challenging. TWIA’s reinsurance broker Gallagher Re has urged the Board of the residual market insurance entity […]
CEA gets $305m of quake reinsurance with Ursa Re II 2022-2 cat bond
Having struggled in placing reinsurance in October and feeling that the January renewals could be a further challenge, the California Earthquake Authority (CEA) has successfully sponsored the largest catastrophe bond issue since hurricane Ian struck, securing a new $305 million Ursa Re II Ltd. (Series 2022-2) deal. This placement of a significant $305 million transaction at a time […]
ILW opportunity is there, if industry takes advantage of it: Johansmeyer, PCS
For industry loss warranty (ILW) markets opportunities are plentiful heading into 2023, but it’s up to the industry to take advantage of it as more concepts are expected to continue to gain traction, according to Tom Johansmeyer, Head of PCS, Verisk Insurance Solutions. “There’s plenty of opportunity, but the real question is whether the industry […]
Huge opportunity for ILS market to influence the next evolution: Artex Capital Solutions CEO Faries
The current re/insurance market dislocation provides a unique opportunity for the insurance-linked securities (ILS) space to influence the development of a more sustainable industry for the benefit of all parties, according to Kathleen Faries, Chief Executive Officer (CEO), Artex Capital Solutions. Artemis spoke with Faries ahead of the January 1st, 2023, reinsurance renewals, which she […]
Renewals: 40% risk-adjusted rate increases not enough for some markets
Reinsurance renewal negotiations continue, but we’re told some placement proposals delivered for market feedback are receiving short-shrift, with carriers’ pushing back and asking for more rate. We’ve now heard from sources about a number of cases where reinsurance program renewals are getting sent back, with brokers and cedents being asked to sharpen their pencils, on […]
SCOR to adapt retrocession to reflect market appetite & cat exposure for 2023
For global reinsurance company SCOR, 2022 saw the company adding new quota share sidecar capacity from third-party investors to its retrocession program, as it looked to add more diversification to its retro capital sources, while strengthening its retro protection. SCOR has always been a relatively significant buyer of retrocessional reinsurance protection, with its program usually […]
Investors in Insurance-Linked Securities (ILS) Are Seeking Innovation and Improve Disaster Relief
Investors in ILS are seeking innovation—they may find it in Africa where a combination of transnational bodies, better data and a desire to structure improved disaster relief could combine with new ILS domiciles. Contents: A growing pipeline of risks could soon be transferred Investors used World Bank bonds as a diversification traditional capital Why 97% […]
Parametric Catastrophe Bonds and Alternate Risk Transfer Mechanisms for China’s Market
Even as countries across the globe grapple with climate change, alternate risk transfer mechanisms like parametric solutions are emerging as the best option. A parametric transaction uses the physical characteristics of a catastrophe event as the trigger. A catastrophe bond (CAT) is a high-yield debt instrument that is designed to raise money for companies in […]