Archive for April, 2019

U.S. primary military mutual insurer USAA is returning to the catastrophe bond market in 2019 for what will be its 33rd Residential Re cat bond issuance, as it seeks to expand its capital markets backed multi-peril reinsurance protection.

AXIS Re, the global reinsurance business unit of AXIS Capital Holdings, has announced the promotion and appointment of Andy Hottinger to the role of President of its EMEA LatAm division.

Rob Procter, the co-founder of Securis Investment Partners, the independent London-headquartered insurance and reinsurance linked investment manager, has been assigned to the advisory board of Akinova, having also made an investment in the start-up.

Bermuda headquartered pure-play globally active reinsurance company PartnerRe has announced the hiring and appointment of Jonathan Colello as CEO, P&C Americas, and President of Partner Reinsurance Company of the U.S.

The introduction of terrorism risk to the insurance-linked securities (ILS) market remains in its infancy, but the very supportive response from the investor base regarding Pool Re’s Baltic PCC Limited, the world’s first terror catastrophe bond, suggests the peril will be accepted.

Tremor Technologies, Inc. continues to make impressive progress, as the programmatic reinsurance risk placement marketplace provider has completed another property catastrophe auction placement, and has more transactions lined up for the coming renewals.

Alternative sources of reinsurance capital, deployed into catastrophe bonds as well as through ILS funds and other collateralized vehicles, grew by a slower 9% to $97 billion in 2018, but is expected to “regain momentum” in the coming months, according to Aon.

Investors in the Scottish Re sponsored 2006 Ballantyne Re Ltd. Regulation XXX life insurance-linked securities (ILS) transaction look set to finally realise their losses, as a restructuring of the vehicle, novation of the underlying reinsurance and winding up procedure has been proposed.

After an internal review conducted by outside legal counsel was completed, Markel Corporation says that the review found no evidence of “bad faith in exercising business judgment” by Markel CATCo personnel when it came to setting loss reserves in late 2017 and early 2018.

Here are the ten most popular news articles, week ending 14th 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.