Top

Category: Geo-Political


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 […]


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 […]


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 […]


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 […]


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 […]


Geo-Political, Risk Management

UK property insurers need to map the long-term impact of climate change: JBA

April 9, 2021

Via: Reinsurance News

Analysts at flood science specialist, JBA Risk Management, have warned that UK property insurers need to start planning how they will map the long-term impacts of climate change on their books. The warning comes ahead of the confirmation this June […]


Geo-Political, Risk Management

Many ILS funds report negative February returns on winter storm impacts

April 7, 2021

Via: Artemis BM

The majority of insurance-linked securities (ILS) funds have reported a negative return for February 2021 after the impacts of the US winter storm and Texas freeze, according to the latest report from the Eurekahedge ILS Advisers Index. The Index was […]


Geo-Political, Risk Management

Oklahoma, Farmers Insurance Reach $25M Settlement Over Earthquake Claims

April 6, 2021

Via: Claims Journal

Oklahoma has reached a $25 million settlement with Farmers Insurance over the company’s handling of earthquake claims, state officials say. Oklahoma Attorney General Mike Hunter and Insurance Commissioner Glen Mulready say an investigation revealed that Farmers denied or failed to […]


Geo-Political, Risk Management

Willis Re pegs 2020 insured loss from global nat cats at $78bn

March 30, 2021

Via: Reinsurance News

Overall insured loss estimates from global natural catastrophes in 2020 totalled $78 billion, significantly higher than the $53 billion in 2019, according to a Willis Re report. In the US, there were 22 events in 2020 that exceeded $1 billion, […]