Archive for July, 2017

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Swiss Re Capital Markets hires Ed Johnson as VP ILS Structurer

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.Johnson joined specialist insurance-linked securities (ILS) asset manager Leadenhall read the full article →

Aeolus gains £51m investment from London Pensions Fund Authority

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 investment was made in the calendar year ending March 31st 2017, according to the latest read the full article →

Stars align for pensions as lower longevity reinsurance pricing feeds in: Aon

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 longevity swaps, risk read the full article →

Tropical storm Emily forms next to Florida, rainfall the main threat

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.Having formed only around 50 miles west of Tampa, Florida, read the full article →

Failure to renew CCRIF policies cost Bahamas $32m post-Matthew

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 Bahamas had been a member of the parametric catastrophe read the full article →

Hiscox ILS business continues to drive growth, assets surpass $1.35bn

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.Hiscox has seen slow and steady growth in third-party capital levels managed in the read the full article →

Best of Artemis, week ending 30th July 2017

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.Ten most viewed articles on Artemis.bm, week ending 30th July 2017: Symbiotic read the full article →

Alternus could write almost every Marsh property account: Glaser

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."Glaser puts this down to the work undertaken to read the full article →

Schroders appoints Head of Private Assets, to include ILS oversight

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.The Private Assets division at read the full article →

Aspen cedes more risk to capital markets unit

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.The re/insurer’s second-quarter 2017 results show an increase in gross written premiums (GWP) of 2.5% to $822.1 read the full article →