Category: Analysis

Dorian

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Live updates of Hurricane Dorian. As usual, our hurricane blog is manned by our team of crack meteorologists - Dr Dick Dixon in London and Dr Timothy Hall in the US. ...

July 2019 reinsurance market data

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Over the last 12 months, the AUM of the leading reinsurance fund managers has fallen for the first time in 20 years. But the experience of individual funds has been extremely varied. Some have experienced large losses and/or redemptions whilst others...

April 2019 pricing data

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So far in 2019, new catastrophe bonds have priced at higher spreads than in the first half of 2017 and 2018. There was also a greater variance in the pricing as investors try to factor in the idiosyncrasies of each issue. In the secondary market,...

Tipping point?

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This is an extract from Guy Carpenter's January 2019 retro market update. Clients can request the full report here. For the last five years, convergence capital has grown every year at an average rate of 18%. As...

Expected fund returns could be down more than 50%

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The latest data indicates that between 2014 and 2018 the ILS fund index would have returned 2.2% in a year experiencing an average level of natural catastrophe losses. The same level of annual loss would have generated a return of 5.9% between...

Macroeconomics continues to drive inflows

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Despite challenging market conditions, investors continue to increase allocations to reinsurance funds. For now, reinsurance seems to be providing relative value compared to other asset classes. The risk premium for high-yield bonds...

Monte Carlo 2018

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If you are steering clear of the yachts, sunshine and champagne, you can still keep up with Hurricane Florence and the latest news from the Monte Carlo Rendez-Vous on the InsuranceLinked live blog. ...

Cyber – the big opportunity for insurance investors

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The risk of cyber attacks is one of the few risks where the demand for insurance exceeds the supply. Despite the apparent opportunity, many traditional and alternative reinsurers have been reluctant to embrace this line of business. In this...

July 2018 market data

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Here are four interactive charts that illustrate the state of the market.                                                                                                            ...

InsurTech – show me the money

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12 months ago, a surge of interest in 'InsurTech' prompted a serious case of the FoMOs in many (re)insurance CEOs. This year, that Fear of Missing Out has been replaced by a fear of becoming distracted by unproven, niche technologies that...

And they’re off…

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Following a record-breaking 2017, Tropical Storm Alberto has just kicked off this year's cyclone season by drenching Alabama and the Florida Panhandle. After last year's successful forecast, NASA's Tim Hall has dusted off his ouija board...

Befuddled Lloyd’s

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Many insurers had a tough year in 2017 and the Lloyd's market was no exception. Not only was the overall performance weak, but the spread of performance between the independently managed syndicates was even wider than usual. Source:...

April 2018 pricing data

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Brokers reported flat pricing at the Japanese renewals on April 1 while the latest pricing in the catastrophe bond and ILW markets shows the impact of continued capital inflows. The interactive exhibit below shows four charts illustrating...

Another five charts

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'Five charts' and 'five more charts' were two of the most read articles on InsuranceLinked so in the spirit of democracy and imaginative titles, here is some more data on M&A and other goings-on in the reinsurance market. Inorganic...

Privatising US flood insurance

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Flood insurance in the US is a mess. While insurers search for ways to grow premiums, they are unable to compete with the National Flood Insurance Program which had accumulated $25 billion in debt before the losses caused by 2017’s hurricanes. Shree...

January 1 2018 pricing data

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The final terms of reinsurance contracts due to incept on January 1 kept everyone guessing until the final days of 2017. In the end, the price rises predicted by many reinsurance CEOs proved to be over optimistic as their underwriters were unable...

Reinsurance CEOs predict improved pricing in 2018

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Reinsurance CEOs were bullish on the pricing environment during the recent Q3 earnings calls. In this update, Nick Martin analyses what is being said about the upcoming January renewal season. Mr...

Five more charts

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The influx of 'alternative' capital has meant a qualitative change in the way that the reinsurance market is financed. Events over the summer mean that some structures are being tested for the first time. As anticipated, the the losses...

2017 Hurricane season live blog

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As the 2017 hurricane season continues to threaten more damage to the eastern United States, the Caribbean and elsewhere, Dr Tim Hall, Dr Richard Dixon and the InsuranceLinked editorial team will continue to follow developments on this...

Monte Carlo 2017 – live blog

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THIS BLOG IS CLOSED AND INSURANCELINKED'S COVERAGE OF THE @)!& HURRICANE SEASON CONTINUES HERE.     The leaders of the global reinsurance industry spend months each year preparing for September's conference...

Some 2017 Hurricane Odds

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This season has been eventful, to say the least. Even though we’re still reeling from Harvey and Irma, and we’re nowhere close to assessing the damage, it’s interesting to step back and estimate the probabilities for some of 2017’s striking...

2017 Hurricane season live blog – Harvey, Irma…

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FROM SEPTEMBER 10 2017 WE WILL BE FOLLOWING HURRICANES HARVEY AND IRMA IN THE MONTE CARLO 2017 LIVE BLOG     The 12-year-long US 'major hurricane' drought is over with the Texas Category 4 landfall of Hurricane...

Five charts

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Deteriorating market conditions have not put off investors who continue to pour money into ILS funds. The AUM of the largest ILS funds grew by $13 billion over the last year. Here are five charts on the current state of the market. 1. In...