This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Given the amount of capital in the global reinsurance system, analysts at Morgan Stanley are asking how much lower pricing could decline in the property catastrophe line of business? The equity analyst team that focuses on insurance and…
More ILS M&A consolidation expected in the near term: LGT ILS Partners’ Paul
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to Hilary Paul, Partner and Portfolio Manager, LGT ILS Partners, there will be further insurance-linked securities (ILS) M&A consolidation in the near term, with more transactions and join-venture agreements, especially as stand-alone managers increasingly seek economies of…
Property reinsurance renewal stability forecast. No hardening despite hurricanes: AM Best
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. At the January 2025 reinsurance renewals, rating agency AM Best is anticipating that property and catastrophe reinsurance rates will remain relatively stable and that despite recent hurricane losses the market is not likely to harden, but also softening…
Schroders Capital invested $817m+ in ILS that help reduce protection gap in 2023
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. During the full-year 2023, the catastrophe bond and insurance-linked securities (ILS) team at private markets focused investment manager Schroders Capital allocated over US $817 million to transactions that specifically help in reducing the insurance protection gap. Schroders Capital…
MS Amlin and HSZ Group target growth in 5th link up on 2025 Phoenix sidecar
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. International insurer and reinsurer MS Amlin has now launched the capital raise for the 2025 edition of its Phoenix reinsurance sidecar, and with the vehicle’s performance consistently beating expectations, investor interest is high, according to William Ho, CEO…
TWIA needs almost $5.8bn in reinsurance for 2025, as CRTF eroded by Beryl, PML rises
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Texas Windstorm Insurance Association (TWIA) is looking at another relatively significant increase in its reinsurance purchase next year, as it projects it may need almost $5.8 billion of reinsurance and catastrophe bond limit, due to the near-erosion…
Not a sign of doom and gloom if 2024 isn’t a record year for cat bonds: Brad Adderley, Appleby
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Speaking with Artemis, Brad Adderley, Partner at global law firm Appleby, emphasised that while 2024 may not be a record year for catastrophe bond issuance, it is not a sign of doom and gloom, as the market has…
Upholding discipline & proof of profitability key for ILS: Artex Capital Solutions’ 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, has noted that as the insurance-linked securities (ILS) market nears 2025, headline challenges include upholding underwriting discipline, securing long-term profitability, and applying lessons from the past with careful capital management to…
Reset in retentions to continue. Rates to trade around current levels: RenRe CEO O’Donnell
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Giving an outlook for reinsurance renewals in 2025, Kevin O’Donnell, CEO of RenaissanceRe, explained last week that he anticipates retentions will remain around the levels they have been reset to, while rates will trade around current levels, despite…
City National Rochdale ILW fund roughly flat after pre-hurricane season positioning
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After positioning itself in advance of the US hurricane season through Q2 this year, the City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund that invests in industry-loss warranties (ILW’s) and industry-index trigger catastrophe…