News Posts
Maui Bush Fires
During the first weeks of August, devastating bush fires affected the island of Maui, Hawaii. The catastrophe claimed the highest death toll of all bush fires in the US since 100 years and is estimated to be the second most expensive insurance event in the history of...
The Cat Bond Market midyear 2023
In the first half of 2023 the ILS market and its cat bond sub-segment delivered very pleasing returns. The article explains the reasons that lie behind these dynamics and what the development means for investors interested in the asset class today, mid-year 2023....
Securitisation of Insurance Risk as an Alternative Risk Transfer Mechanism for Industrial Insurance Buyers
This article, written on invitation by the German trade journal 'Die VersicherungsPraxis', was published in the 12/2022-01/2023 issue of the journal. Addressing institutional insurance buyers rather than the ILS investor community, Solidum’s managing partner Dr....
Review of the 2022 ILS market and outlook into 2023
The year 2022 was challenging for investors in many asset classes, with inflation reaching new hights and return expectations rising globally in most markets. Cat bonds and private ILS were not immune to this market shift. However, they managed to perform remarkably...
The cat bond market in December 2022
Already in the first half of 2022 the attractiveness of the cat bond market improved, with yields rising to levels not seen since the end of the credit crisis. Hurricane Ian's impact on the reinsurance industry gave a boost to this trend. The briefing provides...
Hurricane Ian – Event Report
Major hurricane Ian hit Florida as an upper-level category 4 storm, causing significant humanitarian and economic loss. The destruction caused by the storm will noticeably affect the reinsurance and ILS markets. The present loss report discusses the storm and...
The ILS market in the first half of 2022
Capital markets generally faced a difficult time during the first half of 2022. Insurance Linked Securities performed reasonably well in this challenging environment and proved their merits as a diversifying asset class. However, an expectation by investors of higher...
The year 2021 in review
The year 2021 challenged the ILS industry on several occasions. Not only hurricane Ida, but as well a selection of other noteworthy events hit the reinsurance market and caused insured losses well in excess of 100 Bn USD. The Solidum Funds sailed safely through these...
Interview and presentation of the Solidum Cat Bond Fund in the online forum ‘der fonds’
In December 2021 the online forum der fonds (www.derfonds.com) conducted an interview with Solidum’s Chief Risk Officer Dr. Karsten Bromann for an article about the benefits of cat bond investments in a general investment portfolio. The Solidum Cat Bond Fund was...
Event Report: Hurricane Ida
Storm history Ida was the second major hurricane of the 2021 Atlantic hurricane season. Ida emerged from a tropical disturbance that travelled along the coast of Venezuela and turned in the direction of Jamaica. There it developed into a tropical storm on August 26,...