Falcon Fund Management (Luxembourg) S.A., an investment management subsidiary of Switzerland-based Falcon Private Bank, is aiming to increase its activities in the insurance-linked securities (ILS) space, partnering with Solidum Partners AG for its ILS fund management. Previously, Falcon’s ILS fund strategies were managed by Zurich-headquartered ILS specialist investment manager Twelve…
A Category 5 hurricane striking the Miami area of Florida, as 2017’s Irma looked set to do, would result in over $200 billion of insured residential property losses alone, according to Karen Clark & Company (KCC), suggesting the full toll to insurance and reinsurance interests would be much higher. Catastrophe risk modelling specialists Karen Clark […]
Miami area Cat 5 hurricane…
We’re delighted to have partnered with the Institute of Insurance Economics at the University of St. Gallen, Switzerland to promote and publish a survey on the transfer of cyber risks using insurance-linked securities (ILS). The survey, which you can submit your responses to here, seeks to help identify the optimal product design of a cyber […]
Survey on cyber risk transfer via…
Twelve Capital, the Zurich headquartered insurance and reinsurance linked investment fund manager, is targeting continued growth of its assets within its own-brand insurance-linked securities (ILS) and catastrophe bond funds. Twelve Capital has reached $4 billion of ILS and other reinsurance linked assets and is expanding its product range for ILS investors under its own brand, […]
Twelve…
Rate increases at the all-important June 1st reinsurance renewals are expected to average in the mid-teens, with retrocession set to see even higher increases as capacity remains constrained in that marketplace, according to Keefe, Bruyette & Woods (KBW) analysts. Having visited Bermuda this week to discuss the state of the reinsurance market as the key […]
Renewal rate increases seen…
For the second week in a row, a convective weather setup across much of the United States has driven severe thunderstorms, tornadoes, large hail, damaging winds and resulted in flooding, all of which is expected to drive more than a $1 billion of losses, the majority of which will fall to insurance and reinsurance capital, […]
Tornadoes, thunderstorms, hail drive another $1bn+ U.S. weather…
Heritage Insurance Holdings, Inc., the Florida headquartered, nationally expanding U.S. property casualty insurer, has completed its reinsurance renewal and hails a saving made, however any reduction in cost is likely been achieved by increasing its FHCF participation to the 90% level. Heritage said it has completed its catastrophe reinsurance program placement for the 2019-2020 wind […]…
Bermuda headquartered, hedge fund backed reinsurance firm Third Point Re is pivoting further away from the longer-tailed underwriting, more active investment approach of its original strategy, as it embraces catastrophe risk once again. As one of the main proponents of the total return or hedge fund reinsurance strategy, Third Point Re has seen its results […]
Third Point Re – less…
The insurance-linked securities (ILS) market should harmonize its valuation strategies, as this could encourage greater confidence among end-investors and spur substantial growth in ILS capacity, according to Bill Dubinsky of Willis Towers Watson (WTW). After the last two years of major catastrophe losses the insurance-linked securities (ILS) market’s valuation models have been severely…
The final updates to forecasts for the 2019 Atlantic Hurricane Season are coming in thick and fast now, with updates from Tropical Storm Risk (TSR) and the UK Met Office now raising the average forecast for the season slightly. The official start-date for the Atlantic tropical storm and hurricane season is June 1st, so forecast […]
TSR raises Atlantic hurricane forecast to 6, UK Met goes…
Universal Insurance Holdings, the Florida headquartered and expansive primary insurance provider, has completed what it said was a time consuming reinsurance renewal, with ILS capital featuring heavily as usual. Universal has been a significant user of alternative reinsurance capital from insurance-linked securities (ILS) funds and other collateralized sources over the years. For its 2019 into…
Poised to reach new heights in the coming months on the back of bumper year’s of catastrophe bond issuance, the insurance-linked securities (ILS) market is at “an exciting inflection point,” says Co-founder and Managing Director of Fermat Capital Management, John Seo. In spite of the impacts of the catastrophe events that occurred in 2017 and […]
ILS market at “exciting…
American International Group, Inc. (AIG) has reported that the value of its investment stake in the insurance and reinsurance linked fund strategies managed by the AlphaCat Managers ILS unit recovered in the first-quarter of 2019, as too did the income it earned from ILS operations. The insurance-linked securities (ILS) operations of AlphaCat Managers, which looks […]
AIG’s stake in…
Aspen Re, the reinsurance underwriting arm of specialty firm Aspen Insurance Holdings Limited, has a new Chief Underwriting Officer (CUO) in Christian Dunleavy, as the current CUO Emil Issavi is departing for Ryan Specialty Group (RSG). In a somewhat unusual joint press release, Aspen and RSG announced the move of Isaavi, who was President, Chief […]
Aspen Re names Dunleavy CUO, promotes…
Here are the ten most popular news articles, week ending 2nd June 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Register today to attend our ILS […]
Best of Artemis, week ending 2nd June 2019 was…
France headquartered global reinsurance firm SCOR has returned to London for its latest catastrophe bond, successfully upsizing the multi-peril Atlas Capital UK 2019 PLC (Series 2019-1) transaction to $250 million in the process thanks to strong support from investors. SCOR was the first company to issuer a catastrophe in the UK under its ILS regulatory […]
SCOR returns to London for latest…
Speciality California-based catastrophe exposed property insurer Palomar Insurance Holdings added $200 million to the top of its catastrophe reinsurance tower and added new quota share and excess-of-loss coverage for its specialty homeowners programs at the June renewals. The insurer, which recently completed a public listing to raise new funds for its expansion, is a significant […]…
Augusto Hidalgo, a well-known figure from the Philippine and Southeast Asian reinsurance market is joining Willis Towers Watson (WTW) having been appointed to the role of Head of Capital, Science and Policy (CSP), South East Asia. Hidalgo joins the WTW Capital, Science and Policy practice from his most recent role as CEO of the National […]
Hidalgo to head Capital, Science & Policy,…