Archive for June, 2019

Cayman Islands based reinsurance firm Oxbridge Re Ltd. has successfully placed a new series of notes from its collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. as part of its 2019 reinsurance renewal.

You wouldn’t try to revolutionise an industry, a business model, or dramatically change its strategy, without including an element, participant, or driver that is one of the fastest growing parts of that industry, model or strategy. Would you?

The legislative bill designed to reform the assignment of benefits (AOB) system in Florida could benefit the catastrophe bond market, with loss development potentially rationalised thanks to reduced litigation and enhanced claims disclosure, lawyers at Cadwalader, Wickersham & Taft LLP explained.

Bermuda based specialist mortgage insurer Essent Guaranty has completed its third mortgage insurance-linked securities (ILS) issuance, with the successful placement and sale of notes for the $333.8 million Radnor Re 2019-2 Ltd. transaction.

Pension Insurance Corporation plc, a specialist defined benefit pension fund insurer, said it has increased its use of longevity reinsurance and notes that market capacity is on the rise for deferred pension risks, while standardisation of the transactions is increasing.

Aberdeen Standard Investments intends to persist with insurance-linked securities (ILS) as a core diversifying asset class within its diversified funds despite experiencing losses after the last two years of catastrophe events.

Here are the ten most popular news articles, week ending 23rd June 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.

Peru’s earthquake catastrophe bond will make a $60 million partial pay out of its principal to the country after its parametric triggering was confirmed in the calculation agent report, it has now been confirmed to us.

Tensorflight, an artificial intelligence insurtech start-up that offers property data to help insurance and reinsurance firms better understand their exposures has closed a $2 million funding round with support from ILS managers Hudson Structured Capital Management and Nephila Capital.

The Bank of England has committed to action in support of an orderly transition to a carbon neutral economy for the United Kingdom, seeking to “mainstream climate risk management” in the financial sector and encourage broad disclosure of climate-related risks.