This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Differing from the views of some other equity analysts, the Jefferies team believe that hurricane Milton would need to result in an insurance industry loss of above $50 billion for it to cause any hardening of property reinsurance…
Author: .
Milton could drive property catastrophe reinsurance rates up at 1/1 2025: KBW
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While industry losses from hurricane Milton may not be as high as had initially been feared, the storm’s impacts in Florida are still expected to be a loss in the tens of billions of dollars, and alongside loss…
Material hurricane Milton losses could change 2025 property reinsurance price trajectory: KBW
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. If now major hurricane Milton results in “material” losses for reinsurance capital providers, analysts at KBW have said that this could change the expected trajectory of property catastrophe reinsurance pricing at renewals in 2025. After the recent Monte…
Only “small scale” reinsurance renewal softening seen for January 2025: J.P. Morgan analysts
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the expectation continues to be that prices will soften off their highs somewhat at the January 2025 reinsurance renewals, analysts at J.P. Morgan say they expect this will only be at “small scale”. The reinsurance market turn…
Beazley adds $290m cyber ILW to its $510m cyber cat bonds, in $1bn cyber cat coverage
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While it has been growing its cyber underwriting business, specialist insurer Beazley has also implemented a robust hedging strategy to control the tail, recently securing a $290 million cyber industry loss warranty (ILW) cover and securing its third…
Catastrophe bond market momentum expected to persist: Kumar, GC Securities
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…
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…