This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The momentum seen in the catastrophe bond market over the last year is expected to persist, with further growth in the amount of cat bonds outstanding expected by year-end 2024, Shiv Kumar, President of GC Securities told us…
Month: September 2024
Descartes launches new division to expand scope of offerings, including parametrics
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting, a data-driven risk transfer specialist managing general agency (MGA) and insurer with a parametric focus, has launched a Strategy & New Business Division with two key hires, as the company looks to expand the scope of…
Quota-share format may be more suitable for cyber risks than cat bonds: Bruns, LGT
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Although Christian Bruns, Partner and Portfolio Manager at LGT ILS Partners Ltd., noted that transacting cyber risk in an excess-of-loss format may not currently be in the best interest of the firm’s investors, he highlighted the potential to…
Tower buys more reinsurance protection for FY25 at higher attachment point
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Auckland, New Zealand-headquartered insurer Tower Insurance made some adjustments to its reinsurance programme at its renewal, opting to increase the size of the upper catastrophe limit and raise the attachment point for the first two events, resulting in…
Private ILS interest rising, enhances scope of investment options: Grandi, Twelve Capital
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Interest in private ILS opportunities, so collateralised reinsurance and retrocession arrangements, has been rising and continues to, Marcel Grandi of Twelve Capital believes. He also thinks these instruments afford an investment manager more scope, in terms of investment…
Private ILS interest rising, enhances scope of investment options: Grandi, Twelve Capital
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Interest in private ILS opportunities, so collateralised reinsurance and retrocession arrangements, has been rising and continues to, Marcel Grandi of Twelve Capital believes. He also thinks these instruments afford an investment manager more scope, in terms of investment…
Global reinsurers to continue seizing opportunity of hard property cat market: S&P
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The large global reinsurance companies are expected to continue seizing the opportunity in property catastrophe risks while the market’s pricing remains hard, S&P believes. The majority of the top reinsurers increased their natural catastrophe exposure during 2023 and…
Reset in pricing is persistent. Property cat in a good state of equilibrium: RenRe CEO
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Speaking during the last RenaissanceRe earnings call, CEO Kevin O’Donnell explained that he believes the reset achieved in property catastrophe pricing is proving to be persistent. RenaissanceRe executives said that they believe around $20 billion of new demand…
Alternative capital an important part of reinsurance capital structure: Baertschi, Swiss Re
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Alternative capital has become an important part of the reinsurance industry’s capital structure, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re. In a recent Artemis Live video interview, Baertschi highlighted the important role of alternative…
Capital’s view of ILS opportunities has rapidly evolved: McKeown, Vantage Risk
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The evolution of investor’s and capital’s view of opportunities in the insurance-linked securities (ILS) space has been particularly rapid over the last couple of years and Chris McKeown of Vantage Risk believes collateralized reinsurance opportunities and new lines…