Archive for February, 2015

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SS&C to help re/insurers manage higher risk investment strategies

One of the trends we've been writing about over the last year or two is the increasing tendency for insurance and reinsurance firms to look to add a little additional risk, or juice, to their investment portfolio returns.In a low-yield world, where central bank interest rates hover around 0% and read the full article →

Platinum shareholders approve RenaissanceRe acquisition

The shareholders of Platinum Underwriters Holdings Ltd. have "overwhelmingly approved" the takeover of the reinsurance firm, by other Bermudian reinsurance specialists and third-party reinsurance capital manager RenaissanceRe Holdings.RenRe received regulatory approval for its proposed acquisition of Platinum a couple of weeks ago and the approval of the shareholders was the read the full article →

U.S. winter storm insured losses set to rise: Aon. What about cat bonds?

Insurance and reinsurance broker Aon's catastrophe risk modelling unit Impact Forecasting said that insured losses from the recent U.S. winter storms should be expected to be above average, however it is too early to provide any certainty on the impact to reinsurance programmes or even cat bonds.In its latest weekly read the full article →

AXA owned Architas ups allocation to CATCo retro reinsurance fund

Architas, a specialist investment manager focused on multi-manager solutions for clients and part of the AXA Group, has increased its allocation to the London stock exchange listed CATCo Reinsurance Opportunities Fund Ltd.Displaying an increasing appetite for access to the retrocessional reinsurance fund, which is managed by Bermuda based CATCo read the full article →

Third Point Re slips on investment returns, cat fund still contributes

Bermuda-located hedge fund strategy reinsurance firm Third Point Re slipped to a loss on lower investment returns in Q4. However, key indicators show ongoing improvement in underwriting returns and even the soon-to-close ILS fund contributed positively again.Property and casualty reinsurer Third Point Reinsurance Ltd., backed by hedge fund Third Point read the full article →

Rapin joins Nephila Capital from SCOR Global Investments

Maria (Wittman) Rapin, an experienced insurance-linked security (ILS) portfolio manager and reinsurance capital markets executive, is joining the largest ILS, catastrophe and weather risk asset manager Nephila Capital.Rapin has joined Nephila's San Francisco, California office which will take the number of Nephila staff in its California office to ten. The read the full article →

Jamaica seeks more disaster cover from CCRIF, to almost double spend

Jamaica is seeking a greater level of cover from the Caribbean and regional disaster risk financing initiative the CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) as it works with the World Bank to enhance disaster resilience.The Jamaican finance ministry said that it is working on a read the full article →

Stephen Lister joins ILS manager Securis Investment Partners

London-headquartered specialist insurance and reinsurance-linked securities (ILS) investments manager Securis Investment Partners has hired Stephen Lister, previously of global insurance manager Kane, to work in operations in its London office.Securis has been expanding its workforce steadily in recent years, to provide an operational base to support its expansive range of read the full article →

Global insured catastrophe losses lowest for five years: Guy Carpenter

Despite intense snowstorms in Japan, severe hail and windstorms in Europe, major flooding in parts of the UK and several aviation tragedies, global insured losses for 2014 were the lowest for five years, at roughly $33 billion, according to Guy Carpenter & Company, LLC.The international risk and reinsurance broking specialist’s read the full article →

Universal cuts quota-share with Nephila’s help, explores cat bonds

Florida based primary insurer Universal Insurance Holdings has disclosed in its earnings that its reinsurance programme quota share has been reduced to zero with the help of an agreement it has in place with ILS manager Nephila Capital.Nephila Capital, the largest investment manager focused on natural catastrophe reinsurance, weather risks read the full article →