Listed below are the ten hottest information articles, week ending August 4th 2024, masking 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 4th 2024:
- Tropical storm Debby forecast for hurricane strength landfall in Florida
Tropical storm Debby has develop into the fourth named storm of the 2024 season, with forecasts predicting intensification whereas over the Gulf of Mexico, the NHC warning of probably speedy intensification and {that a} hurricane Debby landfall is now anticipated for Florida. - ILS manager M&A resurgence is a strong signal for the market
Two essential items of insurance-linked securities market merger and acquisitions (M&A) information got here to mild lately, each of which give indicators for these watching of the well being of the sector and investor urge for food. - Enstar completes $350m reinsurance deal for portfolio of 2019/2020 ILS business
Enstar has accomplished a legacy reinsurance deal for an insurance-linked securities (ILS) portfolio of 2019 and 2020 written enterprise, which it has hailed as the primary deal of its variety for a third-party capital platform and appears just like the type of trapped capital answer that many within the ILS market have explored in recent times. - PCS designates CrowdStrike as a cyber catastrophe loss event
Property Declare Companies (PCS), the unit of Verisk that may be a supplier of trade loss estimates and loss knowledge globally, has designated the current CrowdStrike linked international IT outage as a PCS Cyber Disaster Loss Occasion, which means trade insured losses are anticipated to achieve above US $250 million. - AIG buys 50% of global ILS agg limit, sees collateralized reinsurance recovering: Zaffino
AIG believes the collateralized reinsurance market is recovering and is again at its highest degree, in restrict phrases, since 2016. As well as, the corporate believes it buys roughly 50% of world combination capability supplied by the ILS market, in accordance with its CEO Peter Zaffino. - BNP Paribas may acquire ILS fund manager, as it seeks to buy AXA Investment Managers
BNP Paribas, the European and worldwide banking large, is in unique negotiations with insurance coverage and reinsurance group AXA to amass 100% of its AXA Funding Managers division, a deal that would come with the latter’s ILS fund supervisor unit. - Collateralized / ILS take 66% of Florida Citizens reinsurance renewal, Nephila $587m
Collateralized capital markets backed reinsurance capability and insurance-linked securities (ILS) fund managers have taken roughly two-thirds of Florida Residents conventional reinsurance tower on the current renewals, with Nephila Capital remaining the most important of these markets. - Munich Re estimates global insured disaster losses at $62bn for H1 2024
Reinsurance large Munich Re has estimated that international insured pure catastrophe losses from the first-half of 2024 reached US $62 billion, which is barely up on the earlier 12 months. - Chubb lifts top of US property cat reinsurance tower 62% to $5.7bn
Chubb has seen an additional vital enhance within the quantity of retained disaster losses it might want to bear in the USA underneath its international property disaster reinsurance tower, because the US retention has elevated by 59% and the corporate has considerably expanded out the top-layers of canopy as a substitute, with a core deal with named storms and earthquakes. - Apollo gets $6bn of commitments for Athene’s ADIP II sidecar
Investor and personal fairness large Apollo International’s CEO Marc Rowan has hailed the completion of its newest profitable capital elevate for a brand new classic of the life and annuity centered reinsurance sidecar construction for reinsurer Athene as “the most important fairness sidecar within the trade.”
This isn’t each article revealed on Artemis over the past week, simply the preferred amongst our readers during the last seven days. There were 32 new articles published in the last week.
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