Archive for September, 2015

Speedwell Weather, a provider of weather data, forecasts, analytics, software and consultancy to the weather risk management and derivatives market, has launched a new platform which it hopes will help facilitate weather hedging for energy industry players.

Category 3 hurricane Joaquin has intensified a little further, with sustained winds now 125mph at 11am EDT, 3pm UTC. Joaquin is a severe threat to the Bahamas, currently passing over some of the islands and poses a landfall threat to the U.S. either later this weekend or early next week, but with the forecast track […]

The catastrophe bond and insurance-linked securities (ILS) market has continued its path of evolution during 2015, underlined by strong issuance, the rise of cat bond lite transactions, and its ability to offer a growing range of solutions, according to Property Claim Services (PCS).

New York based Stone Ridge Asset Management, the beta and alternative risk focused mutual fund manager, has again grown its insurance-linked securities (ILS) and reinsurance linked assets under management, now hitting $3.713 billion, up 13% between May and the end of July.

As the re/insurance industry looks for ways to navigate a testing market, innovation into emerging, underinsured risks can be a key avenue for growth, but to cover the exposures really threatening the industry alternative reinsurance capital is essential, says Mike McGavick.

Bermuda-headquartered CATCo Investment Management, the reinsurance and retrocession linked investment and fund manager, has launched a new placement programme and an initial placing, as it seeks to raise new equity capital for its flagship listed fund.

Warren Buffett’s Berkshire Hathaway Inc. and National Indemnity Company have reduced their shareholdings in reinsurance firm Munich Re to 9.7%. Previously, the two firms held around 12% of the share capital of Munich Re.

A number of Floridian primary property and casualty insurance firms are expanding, as they seek to begin operating in new wind exposed states of the U.S., both to acquire new business and also to diversify their exposure away from the peak zone.

Nassau Reinsurance Group Holdings L.P., the start-up backed by San Francisco based private equity investor Golden Gate Capital, is to acquire Hartford, Connecticut based life and annuity specialist Phoenix Companies.

Aon Hewitt has urged pension schemes and insurance companies to interpret a new set of mortality data for the UK with caution and to remain focused on long-term trends associated with longevity risks when making assumptions about the need for risk transfer.