Better of Artemis, week ending December twenty ninth 2024 – Artemis.bm

Listed below are the ten hottest information articles, week ending December twenty ninth 2024, protecting disaster bonds, ILS, reinsurance capital and associated threat switch subjects. To make sure you by no means miss a factor subscribe to the weekly Artemis email newsletter updates or get our email alerts for each article we publish.


Ten most learn articles on Artemis.bm, week ending December twenty ninth 2024:

1. Taiping Re to sponsor Silk Road Re catastrophe bond out of Hong Kong
   Taiping Reinsurance Firm (Taiping Re), a Hong Kong primarily based reinsurer that’s a part of the state-backed China Taiping Insurance coverage Group, is within the technique of sponsoring its first disaster bond, with a Silk Street Re Restricted transaction set to be issued out of Hong Kong.
2. Cat bond issuance breaks all records in 2024. Market grows 10% to $49.44bn
   Disaster bond market data are falling in 2024 and set to be crushed on most fronts, with general issuance recorded within the Artemis Deal Listing reaching a brand new excessive of just about $17.7 billion for the 12 months, together with a report $17.24 billion of Rule 144A cat bonds, driving a brand new end-of-year excellent market report and cat bond market progress of 10%.
3. Pagnani & Manghnani launch ILS manager King Ridge. Will portfolio manage first cat bond ETF
   King Ridge Capital Advisors LLC has been launched as a brand new insurance-linked securities (ILS) funding supervisor by sector specialists Rick Pagnani and Vijay Manghnani, Artemis understands. We’ve discovered that the brand new firm has already reached a sub-advisory settlement to tackle portfolio administration duties for the awaited first disaster bond ETF.
4. Sustained strong catastrophe reinsurance profits ahead, if terms/attachments stick: KBW
   Analysts at Keefe, Bruyette & Woods (KBW) are the second group to say that the returns generated from disaster reinsurance threat underwriting and capital allocation can stay sturdy, simply as long as the {industry} stays disciplined on attachments, phrases and circumstances.
5. Silk Road Re cat bond gives Taiping Re $35m of 3-year China quake / US wind retro
   We’ve discovered a couple of extra particulars in regards to the new Silk Street Re Restricted disaster bond transaction that’s set to be issued out of Hong Kong, with the notes set to offer sponsor Taiping Reinsurance Firm (Taiping Re) with a US $35 million supply of three years of retrocessional safety.
6. ILS market M&A consolidation can help attract more institutional capital: Stonybrook
   The insurance-linked securities (ILS) market ought to turn out to be extra streamlined and professionalised if mergers and acquisitions (M&A) consolidate gamers, which Stonybrook Capital believes can assist in attracting extra institutional capital to the sector.
7. QBE gets $250m Bridge Street Re cat bond priced 14% below initial mid-point
   QBE, the Australia headquartered international insurance coverage and reinsurance group, has now secured its focused $250 million of retrocessional safety from its first disaster bond sponsorship since 2013, because the Bridge Avenue Re Ltd. (Collection 2025-1) issuance has now been priced roughly 14% under the mid-point of preliminary steerage.
8. Galapagos Capital pre-authorised for structure to issue ILS in Brazil
   Galapagos Capital, a world funding firm headquartered in Brazil that provides a variety of funding administration, banking and monetary companies, has obtained pre-authorisation from the insurance coverage regulator SUSEP to determine an issuer of Letra de Risco de Seguro (Insurance coverage Threat Letters), that are Brazil’s personal sort of insurance-linked securities (ILS).
9. Bermuda market increased ILW, quota share, retrocession use in 2023
   In keeping with new survey knowledge collected by the Bermuda Financial Authority (BMA), Bermuda-based insurance coverage and reinsurance corporations made elevated use of industry-loss warranties (ILW’s), quota share preparations and retrocession in 2023.
10. Martin Reith to work with Acrisure’s Ben Canagaretna on third-party capital initiatives
    Acrisure has appointed Martin Reith as Government Chairman of Volante, a Lloyd’s enterprise with managing basic agent (MGA) operations, which can see him additionally advise Ben Canagaretna, Managing Director of Acrisure Re Company Advisory and Options (ARCAS), in addition to overview and supply recommendation on Acrisure’s curiosity in accessing third-party capital.

This isn’t each article printed on Artemis over the last week, simply the preferred amongst our readers over the past seven days. There were 11 new articles published in the last week.

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