Better of Artemis, week ending December eighth 2024 – Artemis.bm

Listed here are the ten hottest information articles, week ending December eighth 2024, masking 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 eighth 2024:

1. Reinsurance buyers more hopeful on aggregate cover, cat bond market appetite rising
   Talking with quite a lot of reinsurance consumers relating to their outlooks for January 2025 renewals, it’s clear most are resigned to attachment factors remaining at or close to the extra elevated ranges set in recent times, however they’re hopeful that mixture protection will develop into extra obtainable, particularly from the capital markets.
2. WTW announces treaty reinsurance broking re-entry with Bain Capital joint venture
   Broking group WTW has confirmed its re-entry to the treaty reinsurance broking sector, by means of a three way partnership established with specialist personal funding agency Bain Capital.
3. RenaissanceRe looks set to launch Medici UCITS catastrophe bond fund
   RenaissanceRe appears set to be the most recent to supply a UCITS insurance-linked securities (ILS) fund, with a fund construction now registered in Eire below its Medici model, so presumably this will probably be a cat bond technique.
4. Reinsurance pricing base case for 2025, a reversion to ~2023 levels: J.P. Morgan
   Analysts at J.P. Morgan imagine that the reinsurance market might merely wind again the clock one 12 months at renewal seasons in 2025, with the agency’s base case for reinsurance pricing being for a reversion to roughly 2023 ranges.
5. ILS NYC 2025: Casualty ILS & Parametric investments to get their own panel sessions
   We’re delighted to announce that casualty insurance-linked securities (ILS) and funding alternatives in parametric threat switch constructions, would be the focus of two important panel classes at our upcoming Artemis ILS NYC 2025 convention in New York on February seventh subsequent 12 months.
6. Aon hires O’Connell to lead on cyber reinsurance strategy & growth, including use of cyber ILS
   Aon’s Reinsurance Options division has introduced the hiring of Robert O’Connell as International Cyber Technique and Development Chief, Govt Managing Director, a job that can see him tasked with main on delivering worth to cyber purchasers, together with by means of the usage of cyber insurance-linked securities (ILS).
7. Swiss Re: Global insured catastrophe losses to exceed $135bn in 2024
   Swiss Re has estimated that world insured disaster losses are on observe to exceed US $135 billion by the top of 2024, marking the fifth consecutive 12 months the place the insurance coverage market has handled losses of over US $100 billion.
8. Florida Citizens lifts reinsurance and cat bond risk transfer target to $4.5bn for 2025
   Florida’s Residents Property Insurance coverage Company, the state’s insurer of final resort, is presently projecting a have to price range for a bigger tower of reinsurance and disaster bonds in 2025, with virtually $4.5 billion of threat switch being mentioned.
9. World Bank supports Eastern Caribbean on cat swap, cat bonds, more parametric cover
   The World Financial institution is working with 4 nations from the Group of Jap Caribbean States Fee (OECS), Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines, to strengthen their local weather resilience and with three threat switch choices being explored, a disaster swap, disaster bonds, or securing extra parametric insurance coverage.
10. Clear Blue sues China Construction Bank over Vesttoo reinsurance fraud
    You’d be forgiven for pondering the business had moved on from the debacle that was the Vesttoo reinsurance letter of credit score (LOC) fraud, however authorized motion continues and the most recent case to be filed sees fronting specialist Clear Blue Insurance coverage suing China Building Financial institution for damages.

This isn’t each article revealed on Artemis over the past week, simply the most well-liked amongst our readers over the past seven days. There were 31 new articles published in the last week.

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