Archive for February, 2015

CGSC North America, part of the independent Cooper Gay Swett & Crawford global wholesale, underwriting management and reinsurance broking group, has hired a senior appointment in its business development team to focus on the reinsurance convergence market.

The Climate Insurance Fund, an initiative set up by German Development Bank KfW, aiming to improve access to and the use of weather and climate insurance in developing countries, has signed up BlueOrchard partnered with weather index insurance specialists CelsiusPro, to manage the fund.

For German reinsurer Hannover Re, the K-Cessions quota share retro reinsurance sidecar facility is “the backbone of our retrocession program” according to Henning Ludolphs, the reinsurers Managing Director for Retrocessions & Capital Markets.

Trading of catastrophe bonds in the secondary market was a little slower last week, with just four bond trades recorded by FINRA’s TRACE system. However the focus remains on higher coupon cat bonds, as some investors snap up any that are offered in the market.

In its latest briefing on the global reinsurance market, rating agency A.M. Best warns that reinsurers risk having M&A decisions made for them, as the intensely competitive reinsurance market drives strategies making mergers increasingly likely.

The Kane SAC Limited Note Program has facilitated another private catastrophe bond issuance, with the issuance of a $50.2m 2015-1 series of insurance-linked notes that have also been listed on the Bermuda Stock Exchange (BSX).

Here are the ten most popular news articles, week ending 22nd February 2015, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

In light of the current merger and acquisition (M&A) trend sweeping through the re/insurance sector, larger, specialist re/insurance entities could be an emerging risk to Lloyd’s of London’s business share, according to Fitch Ratings.

The latest in our series of interviews features Dr Simon Young, CEO of African Risk Capacity Insurance Company Ltd (ARC Ltd), a catastrophe risk pooling insurer for African states established under the umbrella of the African Risk Capacity (ARC) Specialised Agency of the African Union (AU).

Actuarial, underwriting and claims statistical analytics provider, ISO, has announced the launch of a new platform, ISO RiskElements, that aims to help companies develop their own predictive analytics capabilities.