This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Third-party capital in the reinsurance market reached record highs in 2024, as broker Guy Carpenter, alongside rating agency AM Best estimated that it reached a substantial $107 billion at year-end, however, a key…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The California Earthquake Authority (CEA) shrank its risk transfer tower through the January renewals, as its traditional reinsurance placements saw further contracts expire, resulting in its catastrophe bonds making up a larger share…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Paul Gregory, Chief Underwriting Officer (CUO) of insurance and reinsurance firm Lancashire Holdings Limited, has revealed that the company wrote a smaller retro book at the January 1st 2025 reinsurance renewals, which according…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. If the mid-year 2025 reinsurance renewals see relatively flat pricing, commentary from the recent AIFA conference by analysts at Autonomous Research suggests this could be a catalyst for more capital coming off the…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Bermuda-based Lancashire Holdings Limited has reported that losses from the devastating Los Angeles wildfires have eroded “a good portion” of the annual deductible of the organisation’s aggregate reinsurance cover, but the company has…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Following the annual AIFA conference held in Florida this week, equity analysts noted mixed views on the mid-year renewal outlook for property catastrophe reinsurance rates. Pricing in upper-layers of reinsurance towers is expected…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Speaking during Hiscox’s full-year 2024 earnings call, Joanne Musselle, Group Chief Underwriting Officer (CUO), said the company made significant savings on its retrocession placement at the 1/1 renewals, then allocated some of those…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Oxbridge Re Ltd., the Cayman Islands based reinsurance company, has now confirmed its two tranche offering of tokenized reinsurance securities that will fund its collateralized reinsurance sidecar vehicle Oxbridge Re NS for 2025,…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Managing general agent (MGA) XS Global has bolstered its alternative risk transfer (ART) and parametric capabilities with the hire of former Cooper Gay and Meteo Protect executive, Gabriel Gross, who joins the firm…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. UK government backed mutual terrorism reinsurance firm Pool Re has secured another increase in size to its retrocession program, lifting it by 15% from £2.4 billion to £2.75 billion at the latest renewal,…