Archive for June, 2019

The subject of whether the two main government-sponsored enterprises (GSE’s) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should buy earthquake insurance was raised at a Senate hearing this week.

City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio.

We’ve now finalised the full speaker line-up and agenda for our fourth annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2019, held July 11th.

In the last week a Derecho event and series of severe storms that drove hail, strong winds and tornadoes are expected to combine into another week where the insurance and reinsurance sector faces hundreds of millions of dollars in losses.

Investing in insurance-linked securities (ILS) and other reinsurance linked assets that are broadly uncorrelated with wider financial markets are gaining in appeal, as alternative asset class allocations grow and a focus on ESG quality assets increases.

Following its successful capital raise, Insurance Acquisition Corp. (NASDAQ: INSUU) is looking to find a model which is angled towards the future and sees interesting possibilities in various types of risk transfer entities, according to John Butler and Amanda Abrams.

Russell Higginbotham has been appointed as the new CEO of Swiss Re’s Asia Reinsurance division and also Regional President, as the incumbent Jayne Plunkett is set to leave the company after almost 20 years.

Market expectations for rate increases across the July 1 reinsurance renewals may not be met, according to analysts from Deutsche Bank, who while expecting positive rate movement say increases may not be as high as hoped for.

Catastrophe risk modellers JBA Risk Management and insurtech start-up FloodFlash have teamed up to launch what they claim to be the first property level parametric flood insurance product.

AXIS Capital is set to execute on its latest and fourth catastrophe bond transaction at attractive terms, as the Northshore Re II Ltd. (Series 2019-1) has upsized 65% to $165 million, while pricing dropped to below guidance.