Category: Industry Loss Warranty
June property cat renewals seen down ~10%. Jan 2026 down more without losses: KBW
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Analysts from KBW have said that reinsurance executives they met with recently are mostly expecting the June 1 renewals to see property catastrophe rates down around 10% on a risk-adjusted basis, but with significant variation by layer and…
Strong cat bond issuance takes some excess cash out, prices a little firmer: K2 Advisors
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Robust catastrophe bond issuance in the first and now second quarter of 2025 seems to have taken some of the excess cash out of the market, leading to a little more firmness in pricing of late, K2 Advisors,…
Rochdale ILW & cat bond fund returns 11.77% with only modest catastrophe impacts
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered a net return of 11.77% for the year ended January 31, 2025. While down from…
Acrisure Re hires Romeo & ILW specialist Gordon from Aon in Bermuda
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Acrisure Re, the reinsurance broking division of global firm Acrisure, has made some key hires in Bermuda, taking Roman Romeo, who joins the company as Head of Acrisure Re Bermuda, as well as Barry Gordon, a specialist in…
Ambassador mutual cat bond fund grows to $428m, more ILW investments made
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Ambassador US mutual catastrophe bond fund strategy operated by advisor Embassy Asset Management has now expanded its insurance-linked securities (ILS) fund’s assets under management to $428 million, with expansion across the portfolio and more industry-loss warranty (ILW)…
Head of PCS Global Strategy and Growth Alex Mican to depart Verisk
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned that Alex Mican, the Head of PCS Global Strategy and Growth at Verisk Claims, is departing the company. We understand Mican is departing for a new role in the industry which we are told he…
K2 Advisors says cat bond issuance must absorb cash, raises conviction on retro
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, continues to overweight most insurance-linked securities (ILS), but in its outlook for 2025 notes that meaningful catastrophe bond issuance is required to absorb cash in the…
Competitive ILW pricing drives considerable buyer interest at renewal: Howden Re
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Competitive pricing for industry-loss warranty (ILW) protection has driven “considerable interest from a growing demographic of buyers” at the January 1st 2025 reinsurance renewals, according to broker Howden Re. Industry-loss warranty (ILW) market activity has continued to be…
PERILS with CRESTA CLIX to simplify reporting for cat bond & ILW risk transfer: CEO
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Last year, catastrophe data aggregator and industry loss estimate provider PERILS revealed an extension to its services, with a new methodology that combines its standard data methodology with that of CRESTA CLIX, which the firm’s CEO Christoph Oehy…
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”…
