Archive for February, 2016

The increasing contribution made from third-party reinsurance capital management activities at Kinesis Capital Management has helped to boost the full-year 2015 return on equity (RoE) at specialist re/insurer Lancashire Holdings.

Specialist Bermudian collateralized reinsurance and insurance-linked securities (ILS) investments start-up Sequant Re is set to take another investment in its holding company, Sequant Re Holdings Limited, from anchor backer Premier Diversified Holdings Inc. (PDH).

Allianz Re, the reinsurance unit of global insurance firm Allianz, has taken a big step towards its goal of establishing its own run-off operations by entering into a $1.1 billion legacy reinsurance deal with specialist Enstar.

A collaboration between catastrophe reinsurance broker & risk/capital management advisor TigerRisk, and catastrophe risk modelling specialist JBA Risk Management has been announced, providing the firms’ clients in the re/insurance and ILS space with a better view of flood exposures.

Meteorologists from JLT Re North America have highlighted the potential for catastrophic flooding and intense drought conditions owing to the arrival or failure of Atmospheric River (AR) events, underlining the potential for increased insurance and reinsurance industry losses.

Lloyd’s of London accredited insurance and reinsurance broker Alston Gayler (AG), a leading player in the global industry loss warranty (ILW) market, has secured a license from Property Claim Services (PCS) to use its PCS Turkey service for ILW triggers.

Reinsurance company claims reserves are beginning to run low meaning that the releases seen in recent years to boost profitability in a softening market may not be as easy to continue, according to CEO of Allianz Re Amer Ahmed.

In light of a global effort to improve economic resilience against the threats of climate change, a new report from the European Systemic Risk Board (ESRB) highlights potential systemic risks for reinsurance following a late transition to a low-carbon economy.

Australian insurance group IAG has reported its results, revealing continued deterioration of its Canterbury, New Zealand earthquake claims, challenging commercial market conditions and new reinsurance arrangements with Warren Buffett’s Berkshire Hathaway.

Safepoint Insurance Company, an expansive insurer that began life as a Florida takeout player, is returning to the catastrophe bond market to add to its capital markets sourced reinsurance protection with a triple-tranche $100m Manatee Re Ltd. (Series 2016-1) deal.