Listed here are the ten hottest news articles, week ending August twenty fifth 2024, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To make sure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for each article we publish.
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Ten most read articles on Artemis.bm, week ending August twenty fifth 2024:
- The choice capital partnership matures. But what in regards to the reinsurance cycle?
Because the busy reinsurance conferencing season approaches, kicked off in September by our Artemis London 2024 ILS market event and shortly after the Monte Carlo Reinsurance Rendezvous, it’s perhaps no surprise that talk of the reinsurance market cycle re-emerges. - Ariel Re establishing Ariel Re Capital Partners entity with third-party capital focus
Ariel Re appears set to further formalise its activities in third-party capital management and helping investors access its risk under a recent brand, with an entity named Ariel Re Capital Partners being established by the firm. - Leadline Capital Partners launched by Ascot as dedicated third-party capital unit
Ascot Group has launched a recent dedicated third-party capital management platform named Leadline Capital Partners, because it looks to expand its activities within the space and brings on recent investors to support it. - Clear Blue responded “quickly and aggressively” to limit Vesttoo impact: KBRA
The management of fronting specialist Clear Blue Insurance are praised for the rapid and determined response to the problems that arose when the corporate found itself caught up within the reinsurance letter of credit (LOC) fraud perpetrated by Vesttoo, in line with rating agency KBRA. - Toa Re Europe’s $25m Silver Crane cat bond triggered in full by Turkey quake
Toa Re Europe, the Switzerland-based European reinsurance arm of Japanese group Toa Reinsurance Company Ltd., has benefited from a full payout under its $25 million Silver Crane private catastrophe bond transaction, after the notes were triggered by industry losses from the Turkey earthquake event from early 2023. - Hannover Re’s cat bond fronting hits record level, collateralised ILS activity expands in H1 2024
Hannover Re has seen continued success in its business servicing and facilitating transactions within the collateralised reinsurance and insurance-linked securities (ILS) market within the first-half of 2024, with it notably beating its own full-year record for catastrophe bond limit fronted for already this yr. - Trapped capital decline means ILS growth is stronger than you think that: AM Best
During the last couple of years the quantity of capital trapped in collateralized reinsurance, retrocession and other insurance-linked securities (ILS) has declined significantly, which makes for a much larger and more impactful ILS capital market than you would possibly think, AM Best rightly points out. - Florida carriers higher protected by reinsurance, reporting lower attritional losses: KBRA
Painting an image of an insurance marketplace recovering after a difficult period, rating agency KBRA notes that reporting suggests Florida property insurance carriers are in a significantly better place, while the reinsurance market has responded and helped carriers increase their protection upfront of the expected busy hurricane season. - ILS is essential capability for Beat under Ambac. Casualty a chance: Cavanagh & Anand
Speaking with Artemis after the completion of Ambac Financial Group’s acquisition of a 60% stake in Beat Capital Partners, executives John Cavanagh and Naveen Anand told us that third-party capital normally and the ILS market are seen as key capability for the group going forwards. - Allstate’s aggregate catastrophe bond cat loss run-rate only at $1.3bn after July
We’ve learned that Allstate’s annual aggregate catastrophe losses which can be applicable under the terms of its Sanders Re catastrophe bond program has reached $1.3 billion after July 2024, so it is far lower than the buildup of pre-tax catastrophe losses the corporate has suffered in the course of the current risk period.
This is just not every article published on Artemis in the course of the last week, just the preferred amongst our readers during the last seven days. There have been 29 recent articles published within the last week.
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