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Category: Risk Management

Risk Management


Geo-Political, Risk Management

Travelers reports highest-ever level of Q1 catastrophe losses

April 20, 2021

Via: Artemis BM

U.S. primary insurance carrier Travelers has reported what its CEO Alan Schnitzer calls its “highest-ever level of first quarter catastrophe losses”, which it appears are largely due to the US winter storms. Travelers doesn’t break out its losses from February’s […]


Financial, Regulatory / Legal, Risk Management

“Significant increase” in litigated Florida claims in Q1: United (UPC)

April 19, 2021

Via: Artemis BM

The litigation issue and resulting loss inflation and amplification continues for Florida homeowners’ insurers, with the latest report from United Insurance Holdings (UPC Insurance) suggesting that the issue is worsening in 2021. United (UPC) reported on Friday that it has […]


Geo-Political, Risk Management

Catastrophe bond & related ILS issuance nears $6bn already in 2021

April 19, 2021

Via: Artemis BM

Despite still being less than four months through the year, issuance of new catastrophe bonds and other related insurance-linked securities (ILS) we track here at Artemis is already approaching $6 billion in 2021. Issuance of catastrophe bonds has continued apace […]


Financial, Risk Management, Trends

Reinsurance price gains sustainable, margin gains lower than P&C: Analysts

April 16, 2021

Via: Artemis BM

Price gains achieved by reinsurance underwriters are likely to prove generally more sustainable than those achieved by property and casualty (P&C) insurance carriers, but margin gains may prove lower due to the unique pressures reinsurers face, according to Morgan Stanley […]


Geo-Political, Risk Management

AXIS expects up to $90m winter storm loss, based on industry hit up to $14bn

April 15, 2021

Via: Artemis BM

AXIS Capital, the Bermuda-based, globally-active insurance and reinsurance company, has pre-announced an expectation that it will shoulder up to $90 million of losses after February’s US winter storms, which it bases on an expected industry-wide loss of between $13 billion […]


Geo-Political, Risk Management

On average, successful 144A cat bonds upsized by 63% in Q1 2021

April 14, 2021

Via: Artemis BM

Strong investor appetite enabled sponsors of traditional 144A catastrophe bond transactions to upsize target levels of reinsurance protection during the first-quarter of the year. A factor of Q1 2021 catastrophe bond and related insurance-linked securities (ILS) issuance was the upsizing […]


Financial, Risk Management, Trends

Reinsurance rates may increase into 2022, but momentum to wane

April 13, 2021

Via: Artemis BM

Reinsurance rates and pricing are expected to increase again at the upcoming mid-year 2021 June and July renewals, likely increasing further into 2022 as well, but by next year these rises may be losing momentum, Fitch Ratings believes. After three […]


Geo-Political, Risk Management

World Bank CAT DDO pays out $20m for La Soufrière volcanic eruption

April 13, 2021

Via: Artemis BM

The Governments of Saint Vincent and the Grenadines have received $20 million in disaster risk financing support from the World Bank to aid their recovery from the recent eruption of the La Soufrière volcano, after a catastrophe contingent line of […]


Cyber Risks, Risk Management

Cyber will need massive amounts of additional capital

April 12, 2021

Via: Artemis BM

Underwriting of cyber insurance and reinsurance risks is going to require “massive amounts of additional capital” to support what is expected to be a particularly fast-growing class of business, according to broker Gallagher Re’s Ian Newman. Newman, who is the […]


Geo-Political, Risk Management

Cat bond & ILS hard market may be coming to an end

April 12, 2021

Via: Artemis BM

There is evidence that the hard market in catastrophe bonds and insurance-linked securities (ILS) may be coming to an end, as data suggests that softening may finally have begun and could continue if 2021 remains loss free, according to consultancy […]