Archive for November, 2013

Artemis has now gleaned some more detail on U.S. primary and military mutual insurer USAA’s twenty-first catastrophe bond transaction under the Residential Re name,  Residential Reinsurance 2013 Ltd. (Series 2013-2).

The third-quarter results reported by Bermuda-based reinsurer Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, show improvements in underwriting and investment returns as well as growing income from its catastrophe fund business.

The Pacific Catastrophe Risk Insurance Pilot, a disaster insurance facility which provides parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands, has renewed from November and added one new island member.

Zurich based PERILS AG, the independent provider of industry-wide European catastrophe insurance exposure and industry loss data and indices, is planning to further expand its coverage to include industry exposure and loss data for Central & Eastern European floods.

The combined reinsurance brokerage unit created by Jardine Lloyd Thompson’s (JLT) acquisition of the Towers Watson reinsurance brokerage division, JLT Towers Re, has officially launched this week.

For global reinsurer Swiss Re the growing use of third-party capital in the reinsurance market does not equal a hunt for fee income. For Swiss Re insurance-linked securities (ILS), catastrophe bonds and third-party capital are tools to support their clients and own risk transfer needs.

European windstorm Christian was the largest insurance market catastrophe loss event of the month of October, according to Impact Forecasting, the catastrophe model development center at reinsurance broker Aon Benfield.

It’s always interesting to listen to comments made by John Charman, CEO of Endurance Specialty Holdings, one of the larger reinsurers which is not, so far, meaningfully pursuing or promoting a third-party capital management or ILS focused division.

Here are the top ten articles as viewed by our readers week ending 10th November 2013. As always, you can read every market news story and article here on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last […]

Bermuda headquartered reinsurance firm Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, has appointed three experienced and senior executives as new members of its board of directors.