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African Risk Capacity targets independence within five years
African Risk Capacity targets independence within five years
Parametric disaster insurance provider the African Risk Capacity targets becoming an independent institution within the next five years, with its current cooperation agreement with the World Food Programme extended until 2024.
·artemis.bm·
African Risk Capacity targets independence within five years
Peru cat bond payout decision within 20 days: Minister of Finance
Peru cat bond payout decision within 20 days: Minister of Finance
"The decision as to whether Peru’s earthquake exposed IBRD CAR 120 catastrophe bond will payout a portion of the investor principal is expected within 20 days of the magnitude 8.0 earthquake that struck Peru on Sunday 26th May, according to the country’s Finance Minister."
·artemis.bm·
Peru cat bond payout decision within 20 days: Minister of Finance
SCOR returns to London for latest Atlas Capital catastrophe bond
SCOR returns to London for latest Atlas Capital catastrophe bond
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.
·artemis.bm·
SCOR returns to London for latest Atlas Capital catastrophe bond
$9.33m Dodeka XXIII private cat bond completed by Twelve Capital
$9.33m Dodeka XXIII private cat bond completed by Twelve Capital
Zurich headquartered insurance-linked securities (ILS) and reinsurance linked investment manager Twelve Capital has now completed its 25th private catastrophe bond deal, bringing a $9.33 million Dodeka XXIII to market.
·artemis.bm·
$9.33m Dodeka XXIII private cat bond completed by Twelve Capital
Valuation harmonization could spur substantial ILS growth: Dubinsky, WTW
Valuation harmonization could spur substantial ILS growth: Dubinsky, WTW
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).
·artemis.bm·
Valuation harmonization could spur substantial ILS growth: Dubinsky, WTW
UK Pension buy-in market analysis - May 2019 - Hymans Robertson
UK Pension buy-in market analysis - May 2019 - Hymans Robertson
Following a record breaking 2018, the volume of UK buy-in and buy-out transactions completed over the first quarter of 2019 has remained high. Over this period, insurers have continued to deliver the level of pricing required by schemes. However, the signs of pricing starting to harden in some areas are appearing.
·hymans.co.uk·
UK Pension buy-in market analysis - May 2019 - Hymans Robertson
Swiss Re returns to cat bond sponsorship with $100m Matterhorn Re deal
Swiss Re returns to cat bond sponsorship with $100m Matterhorn Re deal
Swiss Re has returned to the catastrophe bond market after a number of years’ hiatus, to sponsor a new $100 million Matterhorn Re Ltd. (Series 2019-1) transaction to tap the capital markets to support its retrocession needs, we have learned.
·artemis.bm·
Swiss Re returns to cat bond sponsorship with $100m Matterhorn Re deal
TWIA pleased with $2.1bn pro-rata reinsurance & cat bond program
TWIA pleased with $2.1bn pro-rata reinsurance & cat bond program
The Texas Windstorm Insurance Association (TWIA) has successfully secured its planned $2.1 billion reinsurance and catastrophe bond program for the 2019 hurricane season, saying it is pleased with the placement as both reinsurance and new Alamo Re cat bonds were well-received.
·artemis.bm·
TWIA pleased with $2.1bn pro-rata reinsurance & cat bond program
AXIS sponsoring its fourth cat bond, a $100m Northshore Re II 2019-1
AXIS sponsoring its fourth cat bond, a $100m Northshore Re II 2019-1
Bermuda-based specialty insurance and reinsurance company AXIS Capital Holdings Ltd. has returned to the capital markets to sponsor what will be its fourth catastrophe bond, with a $100 million Northshore Re II Ltd. (Series 2019-1) transaction.
·artemis.bm·
AXIS sponsoring its fourth cat bond, a $100m Northshore Re II 2019-1
Parametric Risk Transfer for Volcanic Eruptions
Parametric Risk Transfer for Volcanic Eruptions
Guy Carpenter’s specialist teams have joined forces and expertise to develop a parametric risk transfer solution for explosive volcanic eruptions from Japanese volcanoes
·brinknews.com·
Parametric Risk Transfer for Volcanic Eruptions
Risk transfer a key tool in climate change adaptation: Nephila report
Risk transfer a key tool in climate change adaptation: Nephila report
Risk transfer is often overlooked in discussions relating to climate change and adaptation to it, as instruments including weather risk transfer and catastrophe reinsurance are able to send price signals to help public and private sector entities better understand the economic value at risk.
·artemis.bm·
Risk transfer a key tool in climate change adaptation: Nephila report
Hamilton Re sponsors first cat bond, $60m Cerulean Re (Easton 2019-1)
Hamilton Re sponsors first cat bond, $60m Cerulean Re (Easton 2019-1)
"Hamilton Insurance Group, the Bermuda-based holding company, has announced its first ever catastrophe bond, as its reinsurance unit Hamilton Re has sponsored a $60 million Cerulean Re SAC Ltd. (Easton 2019-1) multi-peril transaction."
·artemis.bm·
Hamilton Re sponsors first cat bond, $60m Cerulean Re (Easton 2019-1)
Artemis Bermuda ILS Executive Roundtable 2019
Artemis Bermuda ILS Executive Roundtable 2019
Artemis hosted its fourth ILS executive roundtable in Bermuda, in which participants discussed a variety of opportunities and challenges that the reinsurance and insurance-linked securities (ILS) sector is dealing with as it responds to the losses of a second active year for global catastrophes.
·artemis.bm·
Artemis Bermuda ILS Executive Roundtable 2019
PIC sees growing longevity reinsurance market capacity
PIC sees growing longevity reinsurance market capacity
Pension Insurance Corporation has concluded £5.8 billion of buyouts and buy-ins with trustees of defined benefit pension schemes this year. To support its growing book of pension risk and this newer activity, PIC has also entered into longevity reinsurance arrangements worth £7 billion in the first-half of 2019.
·artemis.bm·
PIC sees growing longevity reinsurance market capacity
Club Vita Brings Its Big Data Longevity Service to U.S.
Club Vita Brings Its Big Data Longevity Service to U.S.
Club Vita, a provider of longevity risk data, today announced its plans to expand to the United States.  A team of British, Canadian and American actuaries and data scientists is collaborating to deliver Club Vita’s novel longevity data analytics service to American pension plans and insurers.
·businesswire.com·
Club Vita Brings Its Big Data Longevity Service to U.S.
Swiss Re's new Matterhorn Re cat bond upsizes 150% to $250m
Swiss Re's new Matterhorn Re cat bond upsizes 150% to $250m
Swiss Re’s return to the catastrophe bond market has been highly successful, as its new Matterhorn Re Ltd. (Series 2019-1) deal has increased in size by 150% to become a $250 million issuance, while the notes pricing settled at the tight end of guidance.
·artemis.bm·
Swiss Re's new Matterhorn Re cat bond upsizes 150% to $250m
Utilising The Guernsey ICC For Pensions De-Risking
Utilising The Guernsey ICC For Pensions De-Risking
Since the first ground breaking deals in 2014, Guernsey has underlined its position as the go-to jurisdiction for longevity risk transfers by pension schemes, now having been home to seven deals in the last five years. Here, Walkers Partner Kate Story discusses the use of the Guernsey ICC for pensions de-risking.
·mondaq.com·
Utilising The Guernsey ICC For Pensions De-Risking
Red Cross volcano cat bond to be backed by Global Parametrics & DFID
Red Cross volcano cat bond to be backed by Global Parametrics & DFID
Global Parametrics, the parametric and index-based disaster risk transfer company, and the UK government’s Department for International Development (DFID), have agreed in principal to provide some of the capital necessary to back the Red Cross’ volcano catastrophe bond.
·artemis.bm·
Red Cross volcano cat bond to be backed by Global Parametrics & DFID
Hudson Structured reinsurance assets hit $1.7bn, firm-wide assets now $2bn+
Hudson Structured reinsurance assets hit $1.7bn, firm-wide assets now $2bn+
Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has continued to attract new investor capital in 2019, now reaching $1.7 billion of reinsurance and ILS in committed capital and assets under management.
·artemis.bm·
Hudson Structured reinsurance assets hit $1.7bn, firm-wide assets now $2bn+
Jamaica's cat bond risk modelling supported by World Bank
Jamaica's cat bond risk modelling supported by World Bank
The work to issue a catastrophe bond for Jamaica continues, with the World Bank providing risk modelling support and expertise to assist in getting a transaction to market, the countries Finance Minister said.
·artemis.bm·
Jamaica's cat bond risk modelling supported by World Bank
Highly bespoke, private deals the future of life ILS: Luca Tres, Securis
Highly bespoke, private deals the future of life ILS: Luca Tres, Securis
The ongoing transformation of the life insurance-linked securities (ILS) sector is driving a shift towards more private, highly customised deal structures designed to provide investors with a truly decorrelated, attractive investment, says Luca Tres, Head of Life at Securis Investment Partners LLP.
·artemis.bm·
Highly bespoke, private deals the future of life ILS: Luca Tres, Securis
Retirement security bills may drive opportunities for life/annuity players: A.M. Best
Retirement security bills may drive opportunities for life/annuity players: A.M. Best
The SECURE Act's safe harbor provision would allow plan sponsors to select insurers to provide guaranteed income solutions, and then protect those sponsors from liability should participants or their beneficiaries suffer losses due to the insurer’s inability to satisfy its financial obligations under the contract terms.
·reinsurancene.ws·
Retirement security bills may drive opportunities for life/annuity players: A.M. Best