Better of Artemis, week ending August 18th 2024 – Artemis.bm

Listed here are the ten hottest information articles, week ending August 18th 2024, overlaying disaster bonds, ILS, reinsurance capital and associated danger switch matters. 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.

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Ten most learn articles on Artemis.bm, week ending August 18th 2024:

1. Gallagher Re hires global distribution head Lara Mowery from Guy Carpenter
   Reinsurance dealer Gallagher Re has made a key appointment, hiring senior govt Lara Mowery, the International Head of Distribution at Man Carpenter, the corporate confirmed.
2. Catastrophe bond market yield shows seasonality, ends July 2024 at 13.54%
   Seasonality has began to change into seen within the total yield of the disaster bond market, with the determine sliding barely within the month of July 2024 to finish the interval at a nonetheless traditionally very excessive 13.54%.
3. Florida carriers better protected by reinsurance, reporting lower attritional losses: KBRA
   Portray an image of an insurance coverage market recovering after a difficult interval, ranking company KBRA notes that reporting suggests Florida property insurance coverage carriers are in a significantly better place, whereas the reinsurance market has responded and helped carriers enhance their safety prematurely of the anticipated busy hurricane season.
4. Hannover Re’s cat bond fronting hits record level, collateralised ILS activity expands in H1 2024
   Hannover Re has seen continued success in its enterprise 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 personal full-year report for disaster bond restrict fronted for already this 12 months.
5. Northern Re, bridging the gap to casualty risk with a hybrid ILS approach
   Backed by a personal funding group, Northern Re is a reinsurance agency that views itself partly as a hybrid insurance-linked securities (ILS) supervisor, enabling its insurance coverage firm companions to entry the advantages of ILS capability with out the standard contractual stipulations required by different collateralized suppliers, in accordance with co-founder Peter McKelvy.
6. Hamilton’s third-party capital platform Ada Capital generating performance fees
   Hamilton, the Bermuda based mostly insurance coverage and reinsurance holding firm, has been producing a useful addition to its earnings from efficiency charges earned by its Ada Capital Administration third-party capital platform and its Ada Re collateralized reinsurance and retrocession underwriting automobile, in current quarters.
7. Liberty Latin America expects $44m parametric payout for hurricane Beryl
   Communications specialist Liberty Latin America is anticipating a $44 million payout from parametric climate derivatives after the passage of hurricane Beryl triggered these devices for the corporate.
8. VKB says Germany June flood loss well-below King Max cat bond attachment
   German insurer Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has offered an replace on its losses from the extreme flooding that struck southern elements of Germany in June 2024, highlighting they continue to be well-below the attachment level of its King Max Re DAC 2023 disaster bond, Artemis has discovered.
9. Parametric writer NormanMax hires TopSail’s Turgel as CUO, Arbol’s Gabin as General Counsel
   NormanMax Insurance coverage Holdings, the US based mostly parametric insurance coverage and reinsurance group that’s the operator of the primary pure-parametric syndicate at Lloyd’s, has introduced the hiring of a brand new Chief Underwriting Officer in Daniel Turgel from Topsail Re, in addition to a brand new Normal Counsel with ILS expertise in Matthew Gabin.
10. Cat bonds on track for record 2024, as secondary trading hits new high: Swiss Re
    After a record-setting first-half to 2024, the disaster bond market is on observe to interrupt one other main issuance report this 12 months, whereas the secondary market has already skilled report excessive buying and selling volumes, in accordance with international reinsurance agency Swiss Re.

This isn’t each article printed on Artemis over the last week, simply the preferred amongst our readers during the last seven days. There were 34 new articles published in the last week.

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