Archive for April, 2019

Prudential Retirement, part of Prudential Financial, Inc., says that the UK pension risk transfer market hass experienced a rush to finalise de-risking deals in advance of Brexit, evidenced by its closing of a further $2.6 billion of longevity reinsurance transactions at the start of 2019.

United Insurance Holdings (UPC Insurance) is back with a new catastrophe bond for 2019, Armor Re II Ltd. (Series 2019-1), and it should be the firms largest yet at an expected $200 million or greater in size.

While pricing at the June reinsurance renewals of all-important Florida underwriting business fell short of expectations a year ago, in 2019 market sentiment remains on the positive side, with analysts suggesting that this time around it might be different.

Markel CATCo Investment Management is committed to the delivery of its 2019 portfolio to shareholders in its listed retrocessional reinsurance fund strategy, signalling an intention to trade forwards once loss affected portfolios are dealt with.

Alternative reinsurance capital’s continued growth through 2018, as well as the slight shrinking of traditional reinsurer capital have been confirmed in a report out today, while at the same time profits at reinsurers are seen to have shrunk again, based on underlying returns on equity (ROE’s).

Floridian primary insurers United Insurance Holdings (UPC Insurance) and Heritage Insurance Holdings, Inc. have both confirmed that the Brevard County hail storm at the end of March was the biggest catastrophe event of the quarter for the state.

Reinsurance brokerage, risk and capital advisory TigerRisk Partners, LLC has announced that its President Tony Ursano is set to depart the firm.

Here are the ten most popular news articles, week ending 21st April 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.

Elementum Advisors, LLC, an insurance and reinsurance linked asset manager with over $4 billion of assets under management, is selling a 30% stake to insurance and financial services group White Mountains.

The Danish Red Cross and International Federation of Red Cross and Crescent Societies are making progress with their first ever catastrophe bond transaction, revealing a tiered trigger structure designed to ensure that impactful volcanic eruptions cause the cat bond to pay out.