Reinsurance News
Artemis
Nature of Bermuda’s growing life reinsurance market is evolving: Cooper, PwC Bermuda
17th September 2024
The Bermuda life reinsurance market has expanded rapidly in recent times, and in 2024 alone, the Bermuda Monetary Authority (BMA) has licensed an additional seven new players, while both existing and new entities have looked to innovate and refine their offerings, according to Damian Cooper, an experienced audit focused Partner ... Read the full article
Risk sharing between insurers and reinsurers has stabilised: Urs Baertschi, CEO P&C Reinsurance, Swiss Re
5th September 2024
After reinsurers tightened terms and conditions and raised attachment points to move away from rising so-called secondary peril losses, primary insurers have now caught up and understand what it means to have higher volatility in the frequency space, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re. Read the full article
Register now for Artemis’ ILS Market Outlook 2025 live webinar
4th September 2024
Our insurance-linked securities (ILS) focused sister publication, Artemis has partnered with Wilmington Trust to host a live webinar on October 31st, 2024, during which four ILS sector experts will discuss the catastrophe bond and broader ILS marketplace. Registration is now open to attend this free Artemis Live ... Read the full article
A huge $8.4bn of catastrophe bond issuance in Q2 takes market to record size: Report
2nd July 2024
A record $8.4 billion of catastrophe bond and related insurance-linked securities (ILS) issuance occurred in the second quarter of 2024, taking first half issuance to a new high of $12.6 billion, and the outstanding market to a record $48 billion, according to Artemis' latest quarterly market report. Read the full article
Catastrophe bond market breaking records in 2024: Artemis
23rd May 2024
Catastrophe bond and related insurance-linked securities (ILS) issuance has already broken the first-half year record at $10.9 billion, beating the previous high set in H1 2023 by around $600 million, with June issuance still to complete and add to the total, according to Artemis' data. Catastrophe bond issuance has been ... Read the full article
Q1’24 catastrophe bond issuance rises 30% year-on-year to record $4.23bn: Report
9th April 2024
Catastrophe bond issuance in the first quarter of 2024 reached a huge $4.23 billion, which is a record for the opening quarter of the year, and comes in 30% above the Q1 2023 total and 37% above the 10-year average for the quarter, according to our insurance-linked securities (ILS) focused ... Read the full article
Beazley successfully closes its first 144A cyber catastrophe bond
2nd January 2024
Specialist insurer Beazley, has closed its first 144A cyber catastrophe bond providing cover of $140 million. This marks Beazley’s first inaugural 144A bond and builds on its $81.5 million cyber catastrophe bond programme of 2023. The PoleStar Re Ltd. Series 2024-1 Class A cyber catastrophe bond notes cover Beazley for ... Read the full article
AXIS successfully closes market’s first 144A cyber catastrophe bond
29th November 2023
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, today announced the closing of the market’s first 144A cyber catastrophe bond, a $75 million Long Walk Reinsurance Ltd. transaction which provides the firm's subsidiaries with fully collateralized indemnity reinsurance for systemic cyber events on a per-occurrence basis. The $75 million of Series ... Read the full article
Catastrophe bond market on track for record year despite muted Q3: Report
4th October 2023
Catastrophe bond and related insurance-linked securities (ILS) issuance in the first nine months of 2023 increased approximately $2 billion year-on-year to $10.9 billion, with $549 million of new risk capital brought to market in the third-quarter, according to the latest Artemis report. The Artemis Q3 2023 cat ... Read the full article
Architecture in place, but progress on closing protection gap frustratingly slow: Swiss Re CEO
19th September 2023
Swiss Re, one of the world’s largest reinsurance companies, is passionate about closing the protection gap, and although much of the architecture is in place, progress has been frustratingly slow, according to Chief Executive Officer (CEO), Christian Mumenthaler. The protection gap is the difference between economic and insured ... Read the full article
Catastrophe bond market reaches new heights in Q2 2023: Report
6th July 2023
A huge $7.1 billion of catastrophe bond and related insurance-linked securities (ILS) issuance featured in the second-quarter of 2023, taking first-half issuance to a record of more than $10.3 billion, according to the latest quarterly report from our ILS-focused sister publication, Artemis. Data from the ... Read the full article
We really need to understand what cyber insurance is: Matt Harrison, Moody’s RMS interview
3rd May 2023
As the cyber insurance and reinsurance market continues to develop and expand, with the risk also growing in popularity within the insurance-linked securities (ILS) space, Matt Harrison, Director of Product Management for Cyber at Moody’s RMS, highlights the importance of understanding exactly what cyber insurance is. Read the full article
There’s a lot to take away from the outcome of Jan 1 renewals: Britten, PwC Bermuda
8th March 2023
The Bermuda insurance and reinsurance marketplace weathered the impacts of multiple heavy loss years, the global pandemic, and the more recent rise in interest rates and inflation extremely well, despite the acute and far-reaching effects, according to Matt Britten, Partner in the PwC Bermuda Insurance and Reinsurance practice, and Risk ... Read the full article
A strong market, but important pricing holds long-term: Wightman, PwC Bermuda
6th March 2023
In an interview with our sister publication as part of the Artemis Live series of video interviews, Arthur Wightman, territory leader for PwC Bermuda, discussed what he describes as one of the hardest reinsurance markets. "The reinsurance industry across the main domains that operate here in Bermuda are doing well," said ... Read the full article
Reinsurers need evidence the tide is turning in Florida, says Gallagher Re’s Schwebach
28th February 2023
During an interview with AM Best TV at the annual Artemis ILS conference in New York on February 10th, Adam Schwebach, executive vice president, Gallagher Re explained how we are starting to see “the tide turn” within Florida’s insurance market. During the interview, he explained that current local market conditions, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
