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CFAN increases forecast for hurricanes making landfall

The agency maintained its prediction of eight hurricanes but increased the number making landfall in the US to two and in Florida to one.

High Court’s Prudential ruling a ‘setback’ for the UK life insurance sector

The court blocked Prudential’s transfer of £12bn in annuity assets to life reinsurer Rothesay Life in a deal agreed in March 2018.

North Yorkshire Pension Fund doubles ILS investments despite Q4 losses

The fund now has £159.4mn allocated to ILS through Leadenhall Capital Partners.

Cobbs Allen mints specialty insurance brokerage

CAC Specialty aims to bring structured finance solutions with insurance broking capabilities.

• US specialty head Ward leaves Willis Re
• Cali wildfire reinsurance prices could jump by as much as 70%: S&P
• Markel Catco H1 returns drag on cumulative losses
• Aspen reports H1 net loss of $37.3mn
• Luxembourg tornado to cost insurers EUR100mn
• Aon makes Magee UK chair of Reinsurance Solutions

Opinion

Are new breeds of ILS managers emerging?

Expect the ‘flight to quality’ to be a slow trudge, not a race

What would a healthy retro market look like in the long-term?

Can the ILS market position itself to turn headline-making heatwaves into a positive selling point?

Analysis

Losses catch up with 2019 mid-year reinsurance buyers

The momentum for rate increases has built up in a delayed reaction to losses.

Negative Q2 for ILS returns

Typhoon Jebi creep continued to have an impact on performance, with multi-instrument ILS funds reporting an average loss of -0.78 percent for the quarter.

First-half cat bond issuance drops by 57% year on year

Activity in the first half of the year was the lowest since 2011.

Demand surge contributes to rising Jebi claims

Ten months on from Typhoon Jebi, there is still considerable uncertainty around why the storm’s insured losses are expected to be so much higher than the initial modelled figures.

Supplements

Trading Risk Awards 2019

This year’s award winners have taken their moment in the spotlight at a turbulent time in the ILS market’s history, making their recognition all the more valuable.

Investor Guide to ILS: H1 2019

The past two years challenged the catastrophe (re)insurance market more than any period since the Hurricane Katrina era in 2004-2005 – but it is far from clear what the outcome will be this time around.