Artemis

1 day ago | artemis.bm | Jack Willard

Reinsurers’ probable maximum loss (PML) exposures as a percentage of equity capital have remained relatively flat year-over-year at January 1, 2025, even as property catastrophe reinsurance pricing begins to decline, according to a new report from Moody’s Ratings. The report shows that modeled PMLs for U.S. wind, U.S. earthquake, and European wind perils were broadly stable compared with the prior year.

1 day ago | artemis.bm | Jack Willard

Catastrophe data aggregator PERILS has issued its fourth and final industry loss estimate for the floods that impacted southern Germany between May 31 and June 6, 2024, putting the insured market loss at €1.564 billion. This final figure compares to earlier estimates of €1.568 billion, which was issued six weeks after the event, €1.590 billion (three months after), and €1.582 billion (six months after), showing only minor adjustments over time.

1 day ago | artemis.bm | Steve Evans

The insurance-linked securities (ILS) fund allocation of the Florida State Board of Administration experienced a negative first-quarter of performance due to the wildfire losses at the start of this year. But, the impact seemingly turned out to be less than feared and now staff of the SBA appear to be considering a new ILS fund allocation. Recall that, the Florida State Board of Administration invests into insurance-linked securities (ILS) funds via a number of specialist ILS managers.

2 days ago | artemis.bm | Steve Evans

A former China Construction Bank employee is facing bribery charges in Hong Kong, accused of accepting payments in a crypto currency amounting to US $470,000 from a Vesttoo employee, to authenticate false letters of credit and collateral documentation.

2 days ago | artemis.bm | Jack Willard

Investor appetite for insurance-linked securities (ILS) continues to grow, but the asset class must evolve structurally to sustain momentum, address friction points like trapped capital, and engage a broader investor base, according to Rudy D’Cunha, Global Head of Insurance Services at Apex Group. During a recent interview with Artemis, D’Cunha shared his perspective on how the market is maturing, where innovation is focused, and what it will take to unlock the next wave of capital.