Archive

Life ILS markets feel the heat from high rates

It has been a tough period for the life insurance-linked securities (ILS) market, afflicted by higher interest rates and unexpected losses. But participants are hopeful of a revival, as Christopher Cundy reports

Cyber risk is systematically priced in the capital markets: evidence from the Target cyber-attack

In the second part of their article on quantifying and pricing cyber risk, Tim Freestone and Malcolm McLelland respond to reader queries and share further proof of their theory

Tokio Marine's $100m earthquake bond invests collateral in sustainability bond

Property claims from Noto Peninsula earthquake in January hit JPY 61bn

Generali expects green bonds to represent 40% of debt by year end

Italian insurer issues sixth and seventh green bonds

Total reinsurance capital expected to bounce back to $561bn

But the increase will not have a material impact on market conditions, AM Best says

ILS plays a pivotal role as reinsurance market stabilises at 1.1 renewals

Broking group Howden publishes 1 January renewals analysis

Beazley issues $140m cyber cat bond

More "questions than answers" for cyber ILS development in 2024

CyberCube sets out its 2024 cyber insurance predictions

Cat bond issuance reaches record $15bn in 2023

Total capital deployed into cat bonds globally now stands at $41bn, Swiss Re said

Cyber risk's fundamental mischaracterisation as an insurance risk

Tim Freestone and Malcolm McLelland argue for a radical overhaul of how cyber risk is quantified and priced. In the first of a two-part article, they explain the classification of cyber as a market risk and propose using modern financial theory to model it