Archive for September, 2019

Lloyd’s of London has revealed an ambitious “Blueprint One” which lays out a strategy to “build the most advanced insurance marketplace in the world” part of which includes new capital rules and processes and a goal to make it simpler for ILS capital to access the market.

New York based investment manager Stone Ridge Asset Management has registered a new fund to support its capital raising activities around its new Longtail reinsurance platform that we recently revealed the manager to be preparing.

The Tullett Prebon owned Insurance Linked Notes (ILN) platform has successfully completed its first issuance and settlement of catastrophe risk linked notes, in a transaction involving at least one ILS fund manager in LGT ILS Partners.

Typhoon Faxai’s impacts on the global insurance and reinsurance industry is expected to push the big four reinsurers beyond their quarterly natural catastrophe budgets for the third-quarter, with Swiss Re anticipated to take the largest hit given its market share in Japan.

Hudson Structured has invested in another insurance technology firm, helping Columbus Ohio based commercial insurance technology firm Bold Penguin complete a $32 Million Series B funding round.

Here are the ten most popular news articles, week ending 29th September 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 updatesor get our email alerts for every article we publish.

Parametric triggers, coupled with increasingly granular data and technology, can “expand the limits of insurability” according to Swiss Re, especially when it comes to non-physical damage business interruption (NDBI).

AXIS Capital Holdings, the Bermuda domiciled specialty insurance and global reinsurance firm, has promoted Martin McCarty to the role of Global Treasurer, which will see him assist the Risk Funding unit and the firm’s growing strategic capital partners pool of investors.

The Government of The Bahamas has now received US $12.8 million in payouts from its parametric insurance policies with the CCRIF (formerly named the Caribbean Catastrophe Risk Insurance Facility).

Nephila Climate, the weather, climate risk and reinsurance focused unit of the largest ILS fund manager Nephila Capital, has participated in another wind farm financing transaction, taking the weather risk out of the equation for operators and investors in the renewables project.