Archive for October, 2018

Securis Investment Partners, the London-headquartered insurance and reinsurance linked investment manager, is exiting from the Lloyd’s marketplace as its platforms no longer deliver the returns required by its investor mandates.

Hurricane Michael has now driven more than $1.5 billion of insurance claims paid, based on data filed by insurers that has been collected and analysed by state regulator the Florida Office of Insurance Regulation (FLOIR).

Ron Diaz, Executive Vice President (EVP) and International Department Head at Everest Re, has said that the reinsurer of the future will need to embrace third-party capital and the insurance-linked securities (ILS) space.

A cyber attack scenario where hackers targeted a U.S. hydroelectric dam causing significant property damage through flooding, could clearly result in losses flowing through to the insurance-linked securities (ILS) market thanks to so-called silent cyber exposure.

Global insurance and reinsurance giant Allianz is expanding its suite of alternative risk transfer products to the Asia Pacific region, as its commercial insurance arm Allianz Global Corporate & Specialty SE targets growth in the region with a new Alternative Risk Transfer line of business.

The aggregate buffering layer and retention sitting beneath the convective storm coverage of Cincinnati Financial Corporation’s $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond had been 32% eroded due to qualifying catastrophe losses by the end of the third-quarter of this year.

Welcome to the third Artemis Monte Carlo Reinsurance Rendezvous Roundtable, in which insurance, reinsurance, and insurance-linked securities (ILS) market participants discussed the response of the capital markets to 2017 catastrophe events, where ILS growth might come from, and emerging risks such as cyber, as well as other industry trends.

Private equity, buyout and investments giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) said today that its 2013 investment in the largest insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital has generated a significant profit for the firm.

John Seo, Co-Founder and Managing Principal at Fermat Capital Management LLC, feels that the insurance and reinsurance market will need to make greater use of InsurTech in order to match the efficiency of capital provided by the insurance-linked securities (ILS) market.

The pension fund of the BBC, or British Broadcasting Corporation, has made a fresh allocation to insurance-linked securities (ILS) in 2018, with a £98.1 million (approx. $127m) investment in an ILS fund managed by Securis Investment Partners.