This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After a field trip to Bermuda analysts at TD Cowen have concluded from their discussions with reinsurance and insurance-linked securities (ILS) market participants on the island that property catastrophe rates are coming under some pressure from retained earnings…
Healthy ILS demand expected in 2025, but pricing less certain: Gibson, Schroders Capital
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The catastrophe bond and insurance-linked securities (ILS) market is expected to see healthy demand from investors in 2025, but the firmness and trajectory of pricing in the sector, and more broadly in reinsurance, remains less certain, according to…
TWIA Board approves $485m ceded reinsurance budget for 2025, 22% up on 2024 spend
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Board of the Texas Windstorm Insurance Association (TWIA) has today approved a $485 million budget line item for ceded reinsurance and catastrophe bond spend for 2025, which is up 22% on the $397 million spent on protection…
Property cat renewal rates seen down 5% – 10%, retro could fall 10% – 20%: BMO analysts
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After a trip to Bermuda to speak with reinsurance executives on the island, analysts from BMO Capital Markets said the expectation seems to be that 2025 renewals will see property catastrophe reinsurance rates fall between 5% and 10%,…
Reinsurance pricing base case for 2025, a reversion to ~2023 levels: J.P. Morgan
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Analysts at J.P. Morgan believe that the reinsurance market may simply wind back the clock one year at renewal seasons in 2025, with the firm’s base case for reinsurance pricing being for a reversion to roughly 2023 levels….
Florida Citizens lifts reinsurance and cat bond risk transfer target to $4.5bn for 2025
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is currently projecting a need to budget for a larger tower of reinsurance and catastrophe bonds in 2025, with almost $4.5 billion of risk transfer being discussed….
CEA risk transfer shrinks 6% more to $7.99bn on non-renewals. To re-evaluate at 1/1
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The California Earthquake Authority (CEA) did not come back to the reinsurance market at its typical October 1st renewal, allowing roughly $511 million of cover to expire and it now expects to re-evaluate its risk transfer need at…
Artex eyes growth through M&A, talent expansion, carrier outsourcing in 2025: Faries
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Kathleen Faries, CEO of Artex Capital Solutions, the insurance-linked securities (ILS) market service provider arm of Artex Risk Solutions, has emphasised a strategic focus on mergers and acquisitions, talent expansion, and building a dedicated carrier outsourcing practice heading…
Cat bonds have emerged as a socially responsible investment: Man Group
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The stable return profile of catastrophe bonds and their historically low correlation with broader financial markets have traditionally been the main reasons investors considered an allocation of cat bonds into their portfolio, however, more recently, investors have started…
Rising catastrophe losses absorb excess capital in the reinsurance system: Berenberg
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. As losses from natural catastrophe and severe weather continue to rise around the world, analysts at investment bank Berenberg believe this means there is “no excess capital buildup among the traditional reinsurers,” leading them to anticipate a “strong-for-longer”…