This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Fitch Ratings forecasts that property catastrophe reinsurance renewal rate increases will decelerate in 2024, with an average increase expected to be below 10% at the January renewal season. Because of this, Fitch says…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. We’re told that the sum total of assets and so value that could be distributed in Vesttoo’s pending liquidation under the bankruptcy proceedings, is estimated to be below $25 million, which suggests creditors…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. CelsiusPro AG, the Swiss headquartered weather index insurance and parametric risk transfer specialist, and New Zealand based primary insurance group Tower are partnering to deliver parametric cyclone insurance to Pacific nations. The partnership…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Recent results from major Italian primary insurance companies have clearly evidenced that reinsurance terms, conditions and higher attachments are driving higher retention of catastrophe losses, eroding insurer performance, Fitch Ratings has highlighted. The…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The financial strength ratings of fronting specialist Clear Blue Insurance Insurance Group have been removed from negative watch by AM Best, but the rating agency notes that some uncertainty remains, due to the…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Global reinsurance giant Swiss Re has said that it forecasts insurance industry losses from natural catastrophe events will exceed US $100 billion again in 2023, leading it to also forecast that non-life hard…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A new report calls on the world to implement risk sharing systems, such as parametric triggers in insurance, reinsurance and insurance-linked securities (ILS) such as catastrophe bonds, as a central pillar of the…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Insurtech Nayms has facilitated a first secondary trade of participation tokens on its platform, as two parties traded a participation in what was the first cryptocurrency denominated industry loss warranty (ILW) transaction. Back…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. With the fourth-quarter of the year an important time for the property insurance market, not least as the peak reinsurance renewal season approaches, broking giant Aon has made considering catastrophe bonds the top…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Property catastrophe reinsurance capacity is expected to remain relatively flat at the January 2024 renewals according to a survey from broker Gallagher Re, which also suggests that reinsurer appetite for writing aggregate coverage…