Listed here are the ten hottest information articles, week ending July twenty eighth 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.
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Ten most learn articles on Artemis.bm, week ending July twenty eighth 2024:
- Credit Suisse Insurance Linked Strategies management to acquire business from UBS
UBS has introduced that it has reached an settlement to promote the Credit score Suisse Insurance coverage Linked Methods Ltd. enterprise to its present administration group, led by Niklaus Hilti. - Twelve Capital and Securis to merge, creating founder-led ILS manager with $7.8bn
Established insurance-linked securities (ILS) funding managers Twelve Capital and Securis Funding Companions have introduced their intention to merge, with the ensuing ILS supervisor set to be a big founder-led enterprise with round $7.8 billion in belongings beneath administration. - CrowdStrike outage: Cyber cat bond prices stable, uncertainty palpable
Cyber disaster bonds have come into focus after a world IT outage brought on by a CrowdStrike service replace resulted in thousands and thousands of computer systems working essential companies going offline, elevating questions surrounding cyber loss accumulation and aggregation dangers, and highlighting some uncertainties over precisely what cyber cat bonds cowl. - Parametrix estimates CrowdStrike insured losses at between $540m and $1.08bn
Parametrix, a specialist in parametric cloud downtime cyber insurance coverage and reinsurance safety, has issued an estimate for the insurance coverage business loss brought on by the CrowdStrike linked world IT outage, saying it anticipates insured losses falling in a variety of $540 million to $1.08 billion. - 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 biggest of these markets. - CyberCube estimates insured losses from CrowdStrike event at $400m to $1.5bn
CyberCube, a specialist modelling agency for cyber dangers and exposures, has estimated that insurance coverage business losses from the CrowdStrike linked world IT outage for the standalone cyber insurance coverage market shall be between $400 million and $1.5 billion. - Twelve Capital + Securis – It’s complementary. Overlaps add to our strength: Urs Ramseier
It’s uncommon to seek out two asset administration companies that you would be able to mix and never face friction, or lack of shoppers, however within the case of the merger of reinsurance and insurance-linked securities (ILS) funding managers Twelve Capital and Securis Funding Companions, the overlaps solely add to the power of the brand new entity, in line with Urs Ramseier. - CrowdStrike tests cyber cat bonds & reinsurance, demonstrates importance: Aon’s Egan
The CrowdStrike IT outage incident reveals the necessity for a extra granular understanding of protection beneath cyber reinsurance portfolios and disaster bonds, but in addition demonstrates the significance of continued improvement of those devices, as they supply essential protection to the cyber insurance coverage market. - US homeowners insurance underwriting loss in 2023 was worst this century
When the rising price of property and disaster reinsurance in the USA will get referred to as out as affecting the affordability of insurance coverage, commentators would do nicely to recollect simply how poorly US householders property insurance coverage underwriters have carried out. - Munich Re backs parametric wind hedge using kWh Analytics structure
Munich Re has supplied the capability to help a parametric wind proxy hedge threat switch product structured utilizing an answer from kWh Analytics, for a 59MW, 14-turbine wind undertaking in Maine, developed by a Greenbacker Capital Administration affiliated funding car.
This isn’t each article revealed on Artemis over the last week, simply the most well-liked amongst our readers over the past seven days. There were 32 new articles published in the last week.
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