Category: The Market

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. ...

July 2018 market data

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

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...

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...

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...

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...

Excess capacity in this year’s Florida market

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The Florida peninsula is the most important market for property reinsurance in the world. Each summer, the third most populous state in the union braces itself for another Atlantic hurricane season. In Florida’s esoteric...

April 1 2017 pricing data

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Data from the first few months of 2017 shows that there has been a steep fall in the returns of new catastrophe bonds compared with those issued in the first quarter of 2016. The returns of bonds exposed to US hurricane risk has reached...

What institutional investors want

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The data shows that institutional investors remain attracted to insurance-linked funds. Investors are looking for modest returns, larger allocations and better ways to educate their stakeholders about insurance-linked securities. Clear...

2016 fund returns

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2016 saw higher losses and lower returns for reinsurance assets compared to 2015. As catastrophe bond yields fell, the resulting mark-to-market bump improved the performance of those insurance-linked funds that deploy a high proportion...

January 1 2017 Pricing Data

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Reinsurance rates are at long term lows and have slipped again at the key January 1 renewal date. Following a stable period, new catastrophe bonds also priced at lower risk-adjusted rates in 2016 compared with 2015. Optimists noted that...

A near miss and a big opportunity

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Two of the big stories in 2016 were Hurricane Matthew and the rapidly increasing interest in InsurTech. Nick Martin looks back at how close the insurance industry came to the worst loss in its history and how InsurTech may be more of an...

Q3 2016 pricing update

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A quarterly review of reinsurance pricing metrics The third quarter is a slow month for trading reinsurance and, by itself, the thin data is inconclusive about which way the market is heading. But many participants think that...

Monte Carlo 2016 – live blog

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This week, insurance executives from around the world are hard at work in the Principality of Monaco. If you couldn't make the 60th 'Rendez Vous de Septembre', InsuranceLinked's live blog is the next best thing. ...

Perspectives interview with Michael Coles – Part I

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Michael Coles is the managing director of Coles Advisory Partners. He discusses how the last few years have seen an unprecedented level of technological innovation in the insurance industry and what that might mean for the future...

Perspectives interview with Michael Coles – Part II

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What are some of the most exciting developments in distribution? How might that affect ILS funds? The re/insurance value chain is quite elongated, and there are a lot of premiums coming out of it. The reason we're excited about distribution...

Bermuda leads the way

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A new study by InsuranceLinked estimates that 38% of global ILS fund assets are managed by firms that are headquartered in Bermuda. Specialist ILS funds and related service providers employed approximately 400 people in Bermuda at the...

Q2 2016 pricing update

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Rate reductions have continued over the last 12 months, but the rate of rate reductions has also continued to reduce.  Four charts illustrate current pricing levels and how this is affecting reinsurance and ILS returns. This...

Increased risk of Gulf hurricanes in 2016

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NASA's Dr Tim Hall has run his multi-factor model and read the tea leaves. In 2016, the  chance of landfalling hurricanes in the southern states is significantly higher than the long term average. Mississippi has experienced the greatest...

The Florida reinsurance market – 2016

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June 1 is the inception date for most contracts in the bellwether Florida reinsurance market. Florida hurricane exposure is the most significant risk to many reinsurance companies and ILS funds. The the mix of catastrophe risk, demographics...