Archive for November, 2018

The valuations or prices of investments in the Stone Ridge Asset Management reinsurance mutual funds and the Markel CATCo listed retrocession fund were dented by the California wildfire threat in recent days.

We’re pleased to reveal three additions from Fermat Capital Management, AmWINS Group and Swiss Re to the roster of confirmed speakers for our February 1st 2019 insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2019.

There is no sign of a slowing in demand for longevity risk transfer and reinsurance solutions, as pensions continue to seek out partners to help them transfer their exposures and longevity risk itself looks set to increase again, as health advances could accelerate longevity improvements.

Seeman Holtz Property & Casualty, LLC has acquired Boston-based online home and auto insurance technology platform Goji, a transaction that insurance-linked securities (ILS), reinsurance and transportation investment manager Hudson Structured Capital Management Ltd. was involved in as an investor in both firms.

The ongoing outbreak of wildfire activity in California has continued to destroy property over the last 24 hours, with the number of destroyed structures now standing at 7,150 across the three wildfire outbreaks and uncertainty still remaining over whether utility PG&E will be found liable for the most severe of the blazes.

Arcus Syndicate 1856 at Lloyd’s of London, which is backed by funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has had its business plan for 2019 approved by Lloyd’s of London.

Catastrophe bonds that are exposed to the California wildfire peril are expected to face increased levels of volatility and also discounts in their pricing on the secondary market due to the ongoing wildfire events in the state, according to investor Plenum.

New Paradigm Group, LLC, the Florida-based specialist managing general agency that sells parametric insurance and reinsurance products, has received an investment to help it grow its proprietary parametric platform from global reinsurance firm TransRe.

The maturing terror risk market continues to intertwine with the rapidly evolving cyber risk landscape, which has developed a truly global peril that will ultimately require new sources of reinsurance capital to narrow the protection gap, according to broker Guy Carpenter, the reinsurance arm of Marsh.

The number of deaths from the latest Ebola outbreak in the Democratic Republic of Congo has risen to over 200 according to the latest media reports, while the World Health Organisation (WHO) reported 154 confirmed deaths as of November 8th. As a result, the risk that the World Bank’s pandemic catastrophe bond gets triggered has […]