Archive for June, 2016

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Kumamoto quake residential insurance claims paid hits $3.2bn

Around $3.2 billion of insurance claims for damage to dwellings from the earthquakes that struck the Kumamoto region of Kyushu, Japan in April, have now been paid, according to data from the GIAJ, as the insurance and reinsurance industry toll rises, but at a steadier pace.As of 27th June 2016, read the full article →

Convergence of capital markets and reinsurance only just begun

Around twenty years into the convergence of reinsurance and capital markets there is a feeling that the trend is still in its infancy, with the direct connection of capital from institutional and increasingly more private investors to risk having a long future ahead.The trend, of connecting investor capital to risk, read the full article →

Stone Ridge ILS & reinsurance assets hit $4.76bn, growth slows slightly to 7%

The growth of mutual fund and insurance-linked investment manager Stone Ridge Asset Management's insurance and reinsurance linked assets has slowed in the latest quarter, with the managers ILS assets under management rising by 7% to hit $4.76 billion at the end of April 2016.That's around half the 15% rate of read the full article →

New Ocean gains perspective with XL Catlin affiliation: CEO McKeown

Bermuda domiciled ILS asset manager New Ocean Capital Management Limited (New Ocean), gains increased perspective on operations across geographies and perils through its strategic alliance with XL Catlin, according to New Ocean’s CEO Chris McKeown.Following XL’s acquisition of Catlin in 2015, New Ocean and its shareholders benefit from the extensive read the full article →

Advanced markets drive non-life re/insurance growth in 2015: Swiss Re

Global non-life insurance and reinsurance premiums were up by 3.6% during 2015 to $2.02 trillion, driven by advanced market movements as emerging market performance showed divergent trends, according to global reinsurance giant Swiss Re.The global non-life re/insurance sector continued to improve in 2015 with gross written premiums (GDP) increasing by read the full article →

London should “be bold” on ILS post-Brexit: Drinker Biddle

Following the UK’s decision to leave the EU last week, U.S. domiciled law firm Drinker Biddle & Reath LLP has provided some thoughts on what a post-Brexit world may look like for the London and UK market, citing the possibility that it may not be negative for the plans to read the full article →

Allianz sees synergies between corporate and ART, deepens ties

Global insurance and reinsurance giant Allianz has restructured the board of its Allianz Global Corporate & Specialty unit, citing the "increasing opportunities for collaboration" between its corporate risk transfer business and its alternative focused Allianz Risk Transfer (ART) unit.The Allianz Risk Transfer (ART) is the home of Allianz's business of read the full article →

Pioneer ILS Interval Fund up 16% to $111m, returns 6% in last half-year

The Pioneer ILS Interval Fund, U.S. mutual fund manager Pioneer Investments interval style insurance-linked securities and reinsurance linked investment fund, has seen its assets increase by 16% to reach $111 million and has returned 6% in the last half-year.Steady growth has been the order of the day for the interval read the full article →

ILS & Fintech – Robo-adviser as third-party reinsurance capital allocator

Fintech is, along with Insurtech, a darling of the venture capital world, as technologists and financiers turn their heads towards finance, investment, the insurance and reinsurance market with a vision of changing the status-quo, raising efficiency and replacing incumbents.One of the developments in financial technology that has been more successful read the full article →

Third Point Re renews investment agreement with Loeb’s hedge fund

Bermuda based total return reinsurance firm Third Point Re has renewed its investment management agreements with Daniel Loeb's Third Point LLC for a further five years, and added an agreement between the reinsurers U.S. arm and the hedge fund manager.When reinsurance firm Third Point Re launched in 2011 it retained read the full article →