Listed below are the ten hottest information articles, week ending November tenth 2024, masking disaster bonds, ILS, reinsurance capital and associated threat 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.
Ten most learn articles on Artemis.bm, week ending November tenth 2024:
- French terror pool GAREAT sponsoring €100m Athéna I Re catastrophe bond
GAREAT, a co-reinsurance pool created for the ceding of obligatory terrorism insurance coverage cowl supplied in France, has entered the disaster bond marketplace for the primary time, in search of €100 million or extra in terrorism reinsurance from the capital markets from an Athéna I Reinsurance DAC issuance. - Berkshire Hathaway pegs hurricane Milton loss at $1.3bn-$1.5bn, Helene at $565m
The insurance coverage and reinsurance companies of Warren Buffett’s Berkshire Hathaway suffered from hurricane losses within the third-quarter with Helene and expect as much as $1.5 billion of further losses from hurricane Milton within the fourth-quarter. - 144A property cat bond issuance nears $12.8bn, hits second-highest level ever
Already in 2024, the greenback quantity of latest Rule 144A property disaster bonds issued and settled has reached the second-highest degree on file, in accordance with accomplished property cat bond offers tracked within the Artemis Deal Listing thus far this yr. - APRA looks to enhance Australian insurer access to ILS and cat bonds for reinsurance
Recognising that rules hinder entry to various reinsurance options together with insurance-linked securities (ILS) within the nation, the Australian Prudential Regulation Authority is consulting with business, as individuals there need simpler entry to options reminiscent of disaster bonds. - Catastrophe bond funds in UCITS format grow share of market to 27%
Having continued to broaden their belongings below administration in latest months, UCITS disaster bond funds as a bunch have now grown their share of the general cat bond market to a brand new excessive, at 27% of threat capital equipped. - Disciplined 1/1 renewal expected, but attachments not expected to reduce: AIG CEO
AIG CEO Peter Zaffino defined at this time that he anticipates property disaster reinsurance renewals at January 1st 2025 can be disciplined, however he isn’t anticipating reinsurers to decrease attachment factors for insurers. - Talanx seeks debut Maschpark Re cat bond, for parametric LatAm quake reinsurance
Talanx AG, the German insurance coverage and reinsurance group, has entered the disaster bond marketplace for its debut transaction, in search of $100 million or extra in parametric Latin America earthquake safety by this Maschpark Re Ltd. (Collection 2024-1) issuance. - Enstar in second property ILS legacy acquisition. ILS a growth opportunity, says CEO
Enstar, the legacy and run-off reinsurance specialist, has introduced completion of its second legacy transaction centered on property insurance-linked securities (ILS), buying a Bermuda primarily based Class 3B reinsurer that underwrote enterprise on behalf of third-party buyers. - Chard Re promotes Orendorf to Chief Underwriting Officer
Chard Re, a reinsurance-linked funding supervisor run by well-known business executives Rick Montgomerie and Charlie Vaughan, has promoted staff member William (Invoice) Orendorf to the position of Chief Underwriting Officer (CUO). - HNW investor demand for alternatives “growing exponentially” – Brookfield Oaktree
Excessive-net-worth buyers need to deploy extra capital to various asset lessons, whereas additionally they need a higher number of various funding merchandise as effectively, believing that including alternate options to their portfolios can drive stronger long-term outcomes, information from Brookfield Oaktree Wealth Options suggests.
This isn’t each article revealed on Artemis over the past week, simply the most well-liked amongst our readers during the last seven days. There were 38 new articles published in the last week.
To make sure you at all times keep updated with Artemis and by no means miss a narrative subscribe to our weekly email newsletter which is delivered every Wednesday.
Get listed in our MarketView directory of professionals.
