Archive for January, 2019

The North Carolina Insurance Underwriting Association (NCIUA) is seeking capital markets support for its reinsurance program with the issuance of a $250 million Cape Lookout Re Ltd. (Series 2019-1) catastrophe bond that will be exposed to name storm and thunderstorm risks. The North Carolina Insurance Underwriting Association (NCIUA) is no stranger to the catastrophe bond […]

Markel Corporation has given senior executives Jed Rhoads and Andrew “Barney” Barnard oversight of its collateralized retrocessional reinsurance investment manager Markel CATCo after the departure of the CEO and CEO of Bermuda.

Here are the ten most popular news articles, week ending 20th January 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

The insurance-linked securities (ILS) market will never completely oust traditional reinsurance business models, according to Denis Kessler, the Chairman and CEO of French reinsurer SCOR, but he does believe ILS has cemented its role as a complementary source of risk capital.

Terms and conditions associated with reinsurance, retrocession and insurance-linked securities (ILS) renewals, as well as the way you access the risk, are said to have been equally as important as rates at the recent renewal in determining the actual risk adjusted returns achievable.

Outbreaks of severe weather in Canada drove around $1.9 billion of losses to the insurance and reinsurance industry in 2018, with a windstorm in Ontario and Quebec in May driving the largest share.

International specialty insurance and reinsurance firm Argo Group has pre-announced an estimated $32 million of fourth-quarter 2018 catastrophe losses, which the firms third-party capital providers will likely have taken a share of.

Nephila Climate, the weather, climate risk and reinsurance focused unit of ILS fund manager Nephila Capital, has provided capacity to back another proxy revenue swap for a wind farm project, again alongside Allianz Risk Transfer.

Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat.

Reinsurance broker Guy Carpenter has announced a raft of changes as it integrates the JLT Re team into its structure, part of which includes the creation of a new Global Capital Solutions Group that will include the insurance-linked securities (ILS) practice GC Securities.