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Tag: catastrophe insurance


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

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

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, […]


Risk Management, Trends

Rising combined ratios, lower capital, to drive Florida reinsurance demand

March 29, 2021

Via: Artemis BM

At the upcoming mid-year reinsurance renewals our sources suggest there could be increased demand for reinsurance protection coming out of Florida, despite the delicate financial position of many insurance carriers focused on the state. The twin effects of another year […]


Geo-Political, Risk Management

Allstate says winter storm loss to trigger Sanders Re II 2019-1 cat bond

March 18, 2021

Via: Artemis BM

US primary insurer Allstate has revealed a significant approximately $1.3 billion gross loss from the winter storms and severe winter freeze, primarily impacting Texas, which it warns mean its aggregate reinsurance will trigger, which is provided by its Sanders Re […]


Geo-Political, Risk Management

Winter storm exposed cat bonds stage partial price recovery

March 8, 2021

Via: Artemis BM

After seeing their prices drop significantly in the wake of the US winter storms and severe freezing weather, a number of the exposed aggregate catastrophe bond tranches have now experienced a meaningful price recovery in the latest cat bond secondary […]


Geo-Political, Risk Management

Hong Kong targets issuance of first ILS or cat bond in 2021: IA

March 8, 2021

Via: Artemis BM

Hong Kong’s proposed insurance-linked securities (ILS) grant scheme, that will pay a share of issuance costs for catastrophe bond sponsors electing to use the domicile once its ILS regulatory regime is ready, is seen as an initiative to enhance the […]


Geo-Political, Risk Management

USAA aggregate cat bonds in focus on winter storm impacts

March 1, 2021

Via: Artemis BM

Secondary market prices have dropped for some catastrophe bonds in the wake of recent severe winter storm losses in the United States, with aggregate Residential Re cat bonds, sponsored by primary military mutual insurer USAA, the names in investor focus. […]