Archive for November, 2018

The depth of the capital markets, the structural innovation of insurance-linked securities (ILS), alongside traditional capacity from insurance and reinsurance markets, should all be combined to help efforts to close the protection gap in Asia Pacific, according to Michael Schwarz of Guy Carpenter.

Unsurprisingly the share prices for the stock exchange listed CATCo Reinsurance Opportunities Fund, which is managed by Markel CATCo Investment Management Ltd. the retrocessional reinsurance investment specialist, have taken a hit today as investors digest today’s news of the impacts from recent catastrophes and ongoing loss creep from 2017.

Typhoon Jebi has now officially become the largest Japan typhoon related insurance and reinsurance market loss on record, as the amount of insured claims paid for the storm have now reached almost $5.2 billion.

Twelve Capital has entered into a new distribution arrangement for its range of insurance, reinsurance and catastrophe bond investment strategies with fund distribution consultancy Harrington Cooper.

The property loss from the Camp wildfire in California continues to increase as investigations within the almost contained blaze continue, with the total number of residential, commercial and minor structures destroyed by the Camp fire alone rising by another 1,273 or 7% to reach a total of 18,421.

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment specialist, has set reserves for expected impacts from hurricane Michael and typhoon Jebi for its stock exchange listed CATCo Reinsurance Opportunities Fund, while also warning of exposure to the California wildfires and continued loss creep from 2017 events as well.

Despite the large losses experienced in 2017 as a result of a series of major catastrophe events, much higher losses are needed to really test the expanding insurance-linked securities (ILS) market, according to Henning Ludolphs, Managing Director of Retrocessions & Capital Markets at Hannover Re.

Kinesis Capital Management, the third-party capital underwriting operations of specialty insurance and reinsurance firm Lancashire Holdings has hired Saphia Charters as the firms new Controller for Finance and Operations.

While losses from the ongoing California wildfire outbreak are set to likely be the most significant from the peril ever faced by insurance and reinsurance markets, rating agency Fitch says they should still have been priced into policies.

Estimated insured losses from hurricane Michael, based on claims paid information collected by the Florida state insurance regulator, have risen another 14% to reach $3.43 billion in the last week.