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”…
Adjusting ILS exposure for July hurricane forecast can deliver excess returns: Euler, TSR study
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Making adjustments to the exposure of insurance-linked securities (ILS) portfolios based on inputs gleaned from the early July hurricane season forecast can drive opportunities to generate excess returns in reinsurance, according to a study from Euler ILS Partners…
COP29 ends with Loss and Damage fund progress, strategic direction set for Global Shield
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. COP 29, the United Nations Climate Change Conference held in Baku, Azerbaijan, has drawn to a close with agreement on certain areas and progress being made on the much-discussed Loss and Damage, as well as the Global Shield,…
With excess capital in the system, property cat rates could trend down at 1/1: Morgan Stanley
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…