ILW’s to ease entry of ILS into cyber risk: Tom Johansmeyer, PCS

February 15, 2018

In an interview with A.M. BestTV at Artemis’ second ILS conference in New York City, PCS Assistant Vice President (AVP), Tom Johansmeyer, discussed the potential for the insurance-linked securities (ILS) market to expand further into the cyber space, after proving its worth in 2017.

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AIG + Validus means access to a deeper pool of risk for AlphaCat

February 15, 2018

The acquisition of Bermudian reinsurance group Validus Holdings, Ltd. by primary insurance giant American International Group, Inc. (AIG) will provide the AlphaCat Managers ILS investment team with access to a much deeper and broader universe of insurance risk, the unit believes.

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Kinesis grows limit deployed by 30% at renewals: Maloney

February 15, 2018

The improved rate environment meant that specialty insurance and reinsurance player Lancashire Holdings took the opportunity to increase the amount of limit sold by third-party capital vehicle Kinesis Capital Management by roughly 30% at the renewals, according to CEO Alex Maloney.

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Suncorp planning for worsening climate, as hailstorms bite: CEO

February 15, 2018

Australian primary insurer Suncorp is preparing itself for higher losses and more volatile results due to climate change, according to its CEO, as losses from a hailstorm in Victoria in December and other severe weather events reduced its profits for the half-year.

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Casualty linked securities gain traction for MultiStrat

February 15, 2018

MultiStrat continues to close new casualty linked securities (CLS) transactions, with another deal announced this week taking the total capital invested in these unique casualty ILS deals to $60 million, covering estimated premiums of $230 million.

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Kinesis results resilient in Q4, as market turns a corner for Lancashire

February 15, 2018

Third-party collateralized reinsurance capital unit Kinesis Capital Management displayed a resilient set of results in the fourth-quarter of 2017 for parent specialty insurance and reinsurance group Lancashire Holdings Limited and after the challenging year, CEO Alex Maloney feels the market has turned a corner.

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Disaster risk transfer is critical to protect development gains: World Bank

February 14, 2018

The World Bank sees the ability of its Treasury to mobilise fixed income capital to fund sustainability as a key piece of its mandate, with disaster risk transfer, in the form of catastrophe bonds, insurance and weather risk trades, seen as important tools to protect against the erosion of specific countries development gains.

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Abundant capital mutes property insurance market firming: Willis Towers Watson

February 14, 2018

The abundant availability of risk transfer, insurance and reinsurance capacity, from both traditional and alternative sources, has muted the firming of the property insurance market, according to brokerage Willis Towers Watson.

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Hurricane Irma claims pass $10.2bn in Florida & Caribbean

February 14, 2018

Insurance claims due to the impact of hurricane Irma are rising above $10.2 billion, with the total reported by the regulator in Florida having now neared $8 billion, while a French insurance association reports claims in the Caribbean are now expected to reach $2.26 billion.

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Aggregate reinsurance claim minimises catastrophe loss for IAG

February 14, 2018

Insurance Australia Group (IAG) has benefited from its aggregate reinsurance in the first-half of its financial year, with a $120 million recovery from its reinsurers helping to reduce volatility from catastrophe losses.

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Versutus sidecar hits $187m, third-party capital reaches $400m for Brit

February 14, 2018

Global specialty insurance and reinsurance company Brit Ltd. has increased the size of its fully-collateralized reinsurance sidecar Versutus Ltd. to $187 million for 2018, which alongside its other capital markets activities takes third-party capital managed at the firm to $400 million.

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Aspen’s third-party capital AuM grew to $550 million in 2017

February 13, 2018

Bermudian insurer and reinsurer, Aspen Insurance Holdings Limited, announced during its Q4 2017 earnings call that it grew its third-party capital assets under management (AuM) by more than 20% in 2017, taking the total to $550 million.

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AIG to be a predictable buyer of reinsurance: Duperreault

February 13, 2018

Insurance giant American International Group (AIG) will aim to be a “predictable buyer of reinsurance” going forwards, according to CEO Brian Duperreault, as it looks to reduce its exposure to frequency catastrophe events and better manager its overall natural catastrophe exposure, particularly in the U.S.

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Hymans Robertson adds another senior Risk Transfer Specialist

February 13, 2018

Hymans Robertson, a consultancy that facilitates pension risk transfer solutions including longevity swap and reinsurance transactions, has named Michael Abramson as a Partner and Risk Transfer Specialist, joining the company from Prudential.

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Watford Re hit by H2 underwriting losses, worse investments in 2017

February 13, 2018

Watford Re, the third-party capital backed total-return reinsurance venture part-owned by Bermudian insurer and reinsurer Arch Capital, alongside asset manager Highbridge Principal Strategies, suffered a significant rise in its loss ratio during the fourth-quarter of 2017.

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