Archive for May, 2014

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As hurricane season approaches, cat bond market shows its appetite

The catastrophe bond market continues to show its appetite to take on peak peril risks such as U.S., and especially Florida, tropical storm and hurricane risks, with over $4.1 billion of 2014 cat bond issuance having some exposure to hurricane season.The 2014 Atlantic tropical storm and hurricane season is set read the full article →

JBA and ImageCat launch consistent view of global flood risk

For the first time the insurance and reinsurance industry can map all their flood exposures for 168 countries, giving them a single, consistent view of all their global flood risks, thanks to a partnership between JBA Risk Management and ImageCat.The lack of a consistent, single view of flood exposures and read the full article →

Efficient reinsurance capital forcing change, M&A inevitable: Nomura

The evolution of the reinsurance market, as it embraces and adapts to new capital from alternative sources and insurance-linked securities (ILS), will see change forced upon the incumbent reinsurers and mergers and acquisitions (M&A) becoming inevitable.So says the latest research report from analysts at investment bank Nomura. The analysts discuss read the full article →

Global reinsurers ratings increasingly at risk due to soft pricing: S&P

Ratings agency Standard & Poor's said today that the global reinsurance sector is facing heightened risks with the threat of negative rating actions continuing as soft reinsurance market conditions look set to extend beyond the mid-year renewals.S&P's report discusses various downside risks for the insurance and reinsurance industry, most of read the full article →

Hiscox Re adds CUO to help it navigate changing reinsurance market

Hiscox Re, the reinsurance underwriting arm of Bermuda-headquartered, London-listed re/insurance group Hiscox, has appointed a chief underwriting officer to help it navigate the changes brought about by new capital entering the market.Hiscox Re has appointed Mike Krefta, an employee since 2003, as Chief Underwriting Officer for the reinsurance business, to read the full article →

Capital and competition converging on U.S. P&C insurers: S&P

The factors which have been responsible for triggering the price declines across property catastrophe and other reinsurance lines are now beginning to converge on U.S. property and casualty insurers with the effect likely to be reduced profitability.U.S. P&C insurers are highly capitalised, have experienced a year of lower losses and read the full article →

Interview: Tony Rettino on building a sustainable reinsurance model

This interview with Tony Rettino, Founding Principal and Portfolio Manager at ILS investment specialist Elementum Advisors discusses the sustainability of the ILS reinsurance model and where growth opportunities will come from for the sector.This interview is taken from the recently published report by specialist financial services, pensions and investments publisher read the full article →

PERILS-based limits at risk up 7% to $4.3 billion

PERILS AG, the Zurich-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has experienced further growth in the use of its industry loss data within ILS and reinsurance transactions.In the last year, the total amount of PERILS-based limits at risk had increased by 7% over the read the full article →

David Flandro joins JLT Towers Re as as Global Head Strategic Advisory

David Flandro, a well-known figure in the convergence and third-party capital area of reinsurance due to his analysis and commentary on the space, has left Guy Carpenter to join reinsurance broker JLT Towers Re as Global Head of Strategic Advisory.Flandro was Global Head of Business Intelligence at Guy Carpenter where read the full article →

Bermuda Stock Exchange listings of cat bonds & ILS hits $12.43 billion

The total volume of insurance-linked listings on the Bermuda Stock Exchange (BSX) reached a new high in recent days, with catastrophe bonds, insurance-linked securities and insurance linked investment funds on the BSX now totaling $12.43 billion.This is a new all-time high for the Bermuda Stock Exchange and demonstrates impressive growth considering read the full article →