Archive for January, 2018


Pacific Alliance earthquake cat bond target rises to $1.39 billion

The first catastrophe bonds to benefit all four member nations of the Pacific Alliance trade bloc in Latin America is set to increase in size, as the mooted $1 billion cat bond issuance has now had its target increased to as much as $1.39 billion of earthquake risk coverage for read the full article →

80% of allocators to stay invested in ILS after losses, 37% to increase

According to the results of a new survey of 100 institutional asset allocators, the vast majority would choose to remain invested in insurance-linked securities (ILS) and reinsurance investments even after major catastrophe losses, reflecting investor confidence and the growing comfort they have investing in ILS.The survey of institutional investors and read the full article →

ILS funds in mixed December 0.31% return, -5.57% for full-year 2017

The average return of insurance-linked securities (ILS) and reinsurance linked investment funds was 0.31% in December 2017, as ILS fund manager performance diverged with the impacts of catastrophe loss events continuing to drive performance for many, which took full-year returns to -5.57% according to the ILS Advisers Index.Certain ILS funds read the full article →

Rates rises likely for ILS capital backing loss-hit E&S portfolios

Reinsurance broker Guy Carpenter has said that it expects reinsurance capacity backing catastrophe loss-affected excess & surplus (E&S) line portfolios will see rate rises of as much as 30% at the mid-year renewals, which bodes well for the ILS funds and alternative capital providers that also underwrite E&S portfolios of read the full article →

Blue Capital Re breaks-even in Q4 on California wildfire & hurricanes

New York stock exchange listed fully collateralized reinsurer Blue Capital Reinsurance Holdings Ltd., a subsidiary of Sompo International Holdings Ltd., has reported break-even result for the fourth-quarter of 2017 following impacts from the California wildfires and additional losses from hurricanes earlier in the year.Blue Capital Re reported a result of read the full article →

African Risk Capacity & UN partner to expand climate risk insurance access

The African Risk Capacity (ARC), an organisation providing parametric sovereign disaster risk insurance and resilience building support to African nations, has entered into a partnership with the United Nations Economic Commission for Africa (ECA) aiming to increase uptake and coverage of climate risk insurance in the region.The African Risk Capacity read the full article →

Insurers told to cover California mudslide claims if wildfire linked

Property and casualty insurers operating in the state of California have been told they have a duty to cover property damage claims resulting from the recent mudslides and debris flows, if the events are determined to be linked to the recent major wildfires.The formal notice from California Insurance Commissioner Dave read the full article →

Nephila Climate launches to expand ILS managers role in weather risks

Nephila Capital, the largest insurance and reinsurance-linked fund manager with approximately $11 billion of ILS assets under management, is expanding its role in weather, climate and environmental, social & governance risks with the launch of a dedicated unit, Nephila Climate.Nephila Climate (NCx) will be dedicated to weather risk transfer and read the full article →

Praedicat raises $6m for casualty cat model development

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.Praedicat hopes the investment will accelerate its growth, by funding the development of its latency casualty read the full article →

ILS momentum to continue in 2018 as demand persists: Aon Securities

Global catastrophe bond issuance broke records in 2017 and despite the impacts of catastrophe loss events, insurance-linked securities (ILS) market momentum is expected to persist throughout 2018, according to Aon Securities.According to Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, catastrophe bond issuance read the full article →