Archive for April, 2019

New Ocean Capital Management’s former CEO Chris McKeown has stepped down from his Vice Chairman role to pursue other interests, New Ocean owner AXA XL said today.

U.S. primary insurance giant State Farm has once again privately syndicated and quietly issued its latest catastrophe bond, a $300 million Merna Re II Ltd. (Series 2019-1) securing the firm an expanded source of collateralized U.S. earthquake reinsurance protection.

Specialty insurance and reinsurance firm Brit Ltd. has announced the hiring of ILS experienced Kristina Maffit as a new VP in its Bermuda property reinsurance underwriting team.

The insurance and reinsurance broker landscape has shrunk by one company, as Marsh & McLennan’s acquisition of rival Jardine Lloyd Thompson has now been completed.

Guernsey has launched a new hybrid insurance-linked securities (ILS) vehicle, an all-in-one structure that can act as both re/insurer and ILS fund, which aims to make ILS fund managers operational lives easier.

The April 1st 2019 treaty reinsurance renewals saw rational responses to the loss impacted years just experienced, with some “substantial” rate increases on loss affected business, while flatter rates were seen across the rest of the market, according to the broker.

Catastrophe bond and related insurance-linked securities (ILS) issuance reached almost $2.5 billion in the first-quarter of 2019, as a number of new sponsors and some new perils came to market helping Q1 to an above average close.

Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy has shrunk in the last quarter of record, as ongoing catastrophe loss development shows in its portfolio.

Here are the ten most popular news articles, week ending 31st March 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.