Archive for September, 2018

Hiscox Re & ILS, the reinsurance and insurance-linked securities (ILS) division of global re/insurer Hiscox, has promoted Andrew Dolphin to the role of Chief Operating Officer, having previously worked in reinsurance buying and led the international business as Chair.

For French reinsurance firm SCOR being the first company to sponsor a catastrophe bond using the new UK insurance-linked securities (ILS) regulatory regime was “not an easy process,” according to Victor Peignet.

The CEO of Markel CATCo Investment Management Ltd. and the Non-executive Chairman of the Board of the firms London-listed retrocessional reinsurance investment strategy, have again acquired shares in the fund.

Insurance and potentially reinsurance industry losses caused by recent Typhoon Mangkhut’s impacts in Hong Kong, mainland China and Macau are estimated to be in a range from $1 billion to as much as $2 billion by AIR Worldwide.

Florida’s Citizens Property Insurance Corporation has revealed that it expects to claim back $126.4 million from the private reinsurance market to help it pay for claims from hurricane Irma.

The two government-sponsored enterprises (GSE’s) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should be required to transfer some of the earthquake risk exposure they carry to the capital markets, according to a report.

The United Nations Development Programme (UNDP) is evaluating the use of catastrophe bonds as part of a disaster risk transfer solution for use in the Europe and the Commonwealth of Independent States (ECIS) region.

Industry loss warranty (ILW) trading volumes have risen in 2018 so far, with protection buyers showing renewed interest in the industry loss trigger based product, but while volumes rose Aon Securities has also noted that, despite capacity shortages at times, ILW prices are tending to soften.

Differences between estimates are again evident in the catastrophe risk modelling space, as Corelogic delivers a figure for hurricane Florence’s flood insurance industry losses that suggests the NFIP’s flood reinsurance program is still in the frame to be triggered.

Specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has announced a new senior non-life analyst hire who will join the firm from Markel International.