Listed here are the ten hottest information articles, week ending 1st August 2021, overlaying 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 1st August 2021:
- Go-it-alone challenge bigger for WTW than Aon. An opportunity for AJG?
As Aon’s $30 billion acquisition of rival Willis Towers Watson (WTW) has now collapsed, it results in questions over how damaging the extended merger course of may very well have been and whether or not that presents a possibility to Gallagher (AJG)?
- FEMA plans new NFIP flood cat bond, seeks reinsurance transformer
The U.S. Federal Emergency Administration Company (FEMA) is planning to sponsor one other FloodSmart Re disaster bond to supply flood reinsurance to the Nationwide Flood Insurance coverage Program (NFIP) and is searching for proposals from potential reinsurance transformer companions.
- R&Q marketing $500m Race Re collateralised legacy P&C sidecar
Randall & Quilter (R&Q) Funding Holdings, the specialist non-life insurance coverage and reinsurance legacy investor and program supervisor, is continuing with plans for a collateralised legacy P&C threat sidecar car, advertising an as much as $500 million construction to traders, Artemis has realized.
- Aon resets executive team after WTW deal collapse
Dealer Aon has reset its Govt Committee following the collapse of its acquisition of rival insurance coverage and reinsurance dealer Willis Towers Watson (WTW).
- SCOR reports strong P&C growth & price renewals, but adds COVID BI losses
France headquartered world reinsurance agency SCOR has continued to quickly broaden its property and casualty ebook in improved pricing situations over the second-quarter and into the mid-year renewal season.
- Flood insured losses now seen up to EUR 5.5bn in Germany: GDV
German insurance coverage affiliation, the GDV, has raised its estimate of insurance coverage market losses for harm from the current flooding occasion to between EUR 4.5 billion and EUR 5.5 billion.
- Red Cross targets cat bonds for nature-based, humanitarian, resilience financing
The Crimson Cross, working alongside insurance-linked securities (ILS) threat securitisation facilitator and threat switch consultancy Replexus Group, is creating an answer to advertise nature-based options to catastrophe threat, financed partly via using disaster bonds, in addition to different humanitarian and improvement eventualities.
- Asia market development to support non-cat ILS growth: Panellists
Investments in non-catastrophe insurance-linked securities (ILS) can carry some important advantages to traders, however for this market to develop in Asia, the area’s major insurance coverage market must evolve, based on trade consultants.
- Chubb “firing on all cylinders”, as reinsurance growth accelerates
It’s all the time fascinating to listen to what Chubb’s CEO Evan Greenberg is saying in regards to the state of the market and after the second-quarter he’s notably bullish, describing his firm as “firing on all cylinders” whereas saying he expects price firming in industrial P&C traces to proceed.
- Cat bond not a “handout”, Jamaica aims to renew by itself: Minister
The actual fact international donors paid for the premiums related to Jamaica’s first disaster bond doesn’t imply it was a “handout” the nation’s Minister of Finance has defined.
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 34 new articles published in the last week. To make sure you all the time keep updated with Artemis and by no means miss a narrative subscribe to our weekly email newsletter which is delivered every Wednesday.
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