Tokio Marine is first Japanese cat bond sponsor to use sustainable development bond

0 5 min 7 dys

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Tokio Marine Holdings, Inc., through its subsidiary Tokio Marine & Nichido Fire Insurance Co. Ltd., has become the first Japanese insurer to make use of a SOFR-based World […]

Industry Loss Warranty
0 8 min 1 week

Florida Citizens “will always be able to pay claims” – CEO Cerio

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After Florida Governor Ron DeSantis claimed on television that the states Citizens Property Insurance Corporation “is not solvent”, the CEO of the insurer of last resort has responded […]

Industry Loss Warranty
0 4 min 1 week

Expanded named peril list at 1/1 unlikely to make material difference: AM Best

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Rating agency AM Best has explained that the expansion of named peril lists on reinsurance and retrocession arrangements at the January 2024 renewals, is not expected to make […]

Industry Loss Warranty
0 5 min 1 week

ILW market activity rising, as preparations for hurricane season begin

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to Artemis’ sources, activity in the industry-loss warranty (ILW) market has increased in the last few weeks, as reinsurance and insurance-linked securities (ILS) markets prepare for what […]

Industry Loss Warranty
0 4 min 2 weeks

CEA’s reinsurance tower reached $9.1bn pre-1/1, risk transfer costs up 15%

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The California Earthquake Authority (CEA) entered the January reinsurance renewals with almost one billion dollars more in risk transfer than a year earlier, as the group reached December […]

Industry Loss Warranty
0 4 min 2 weeks

PGGM ILS assets surpass $9bn, builds-out mandates under Nightingale Re

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. PGGM, the Dutch pension investment manager that allocates the largest amount to the insurance-linked securities (ILS) market on behalf of end-client the Dutch pension PFZW, ended 2023 with […]

Industry Loss Warranty
0 4 min 3 weeks

2023 reinsurance “step change” broadly held, no desire to reverse it: KBW at AIFA

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The “step change” in property catastrophe reinsurance pricing, attachments and terms seen in 2023 has “broadly held” at the renewals so far in 2024 and analysts at KBW […]

Industry Loss Warranty
0 4 min 3 weeks

Property cat pricing power could fall 5% to 10% at mid-year: AIFA conference

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to a report from analysts at BMO Capital Markets, a prominent reinsurance broking executive from Howden Tiger said that property catastrophe pricing power is likely to fall […]

Industry Loss Warranty
0 5 min 3 weeks

Universal aims to expand in Florida again, secures 90% of first-event reinsurance

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Universal Insurance Holdings, a Florida headquartered insurer that is a bellwether for signals of appetite for risk and use of reinsurance for those operating in the state, is […]

Industry Loss Warranty
0 4 min 4 weeks

Progressive renews aggregate reinsurance & 2024 hurricane season cover

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Having made recoveries under its aggregate reinsurance arrangement in 2023, US insurance giant Progressive has successfully renewed this important protection for 2024 and also purchased a new hurricane […]

Industry Loss Warranty