Archive for June, 2019

The majority of insurance-linked securities (ILS) funds are expecting their asset base to grow by more than 10% over the next five years, according to the results of a survey of the ILS market.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has led an investment round for automotive insurtech Noblr.

Welcome to Artemis’ fourth ILS executive roundtable in Bermuda, in which our participants discussed a variety of opportunities and challenges that the reinsurance and insurance-linked securities (ILS) sector is dealing with as it responds to the losses of a second active year for global catastrophes.

Hamilton Insurance Group, the Bermuda-based holding company, has announced its first ever catastrophe bond, as its reinsurance unit Hamilton Re has sponsored a $60 million Cerulean Re SAC Ltd. (Easton 2019-1) multi-peril transaction.

Today we’re pleased to announce the full agenda for the upcoming fourth instalment of our annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2019, today. With tickets selling fast make sure you register soon to guarantee your place at the event.

U.S. primary insurer Allstate was hit by a higher than expected $504 million of pre-tax catastrophe losses over the course of May 2019, roughly half of which came from a single Midwest U.S. severe weather, tornado and hail event.

The insurance-linked securities (ILS) market is taking a more thoughtful approach to the way it does business in the wake of recent catastrophe years, while fresh capital is expected to flow in over the coming months, according to Paul Schultz, CEO of Aon Securities.

Catastrophe bond funds have faced pressure on positions in May thanks largely to increasing cat bond spreads, as the secondary market responded to primary issuance premiums, as well as high levels of liquidity that can impact values of positions.

Insurance giant American International Group, Inc. (AIG) has consolidated its assumed reinsurance business operations under a new combined entity named AIG Re and has hired Christopher Schaper to lead it, including the ILS fund operations of AlphaCat Managers.

The property loss from the December 2018 hail storm that struck the Sydney and surrounding area of Australia has been increased by 21% to a new estimated insurance and reinsurance market loss of A$766 million (US$530m) by PERILS AG.