Archive for July, 2017

Swiss Re Capital Markets, the ILS and catastrophe bond structuring division and investment banking unit of the global reinsurance firm, has hired Edward Johnson from ILS specialist investment manager Leadenhall Capital Partners to take on the role of Vice President, ILS Structurer.

UK local authority pension fund manager the London Pensions Fund Authority (LPFA) made an investment of around £51 million in two of the reinsurance linked investment funds managed by Bermuda-based specialist Aeolus Capital Management Ltd.

The stars are aligning for the UK pension fund market, at least for those looking for de-risking solutions, as the pricing on longevity reinsurance capacity finally comes into line with new mortality data and lower-cost capacity looks set to help pensions lay off longevity risk more efficiently.

The fifth named storm of the 2017 Atlantic Hurricane Season has formed today, with tropical storm Emily forming to the west of Tampa Bay in the Gulf of Mexico and now heading for a landfall on the Florida coast this afternoon.

The Progressive Liberal Party administration, the former government of The Bahamas, cost the country around $32 million in insurance payouts from Hurricane Matthew as it failed to renew its CCRIF SPC policies for 2016/2017, according to Prime Minister, Dr. Hubert Minnis.

The insurance-linked securities (ILS) and collateralized reinsurance fund management business at re/insurance group Hiscox continues to drive growth in the firms reinsurance segment, with ILS assets under management at Hiscox Re & ILS now exceeding $1.35 billion.

Here are the ten most popular news articles, week ending 30th July 2017, 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.

Perhaps giving us another glimpse of the coming future state of insurance and reinsurance markets, Marsh & McLennan Co’s. Chief Executive officer Dan Glaser said that the alternative capital backed Alternus facility is “willing to write virtually every property account of Marsh.”

Global asset management group Schroders has appointed Alan Cauberghs to Head of Private Assets in a promotion that will see a new role created to bring together a number of alternative investment solution categories, including some of the insurance-linked securities business at the firm via Secquaero.

Bermudian insurance and reinsurance firm, Aspen Insurance Holdings Limited, ceded substantially more risk across its operations in the second-quarter of 2017, as it continues to lay off more risk to its capital markets unit.