Archive for September, 2019

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Lloyd’s ambitious Blueprint to help ILS capital participate more easily

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.Blueprint One is the read the full article →

Stone Ridge registers fund to support Longtail reinsurance platform

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.We were first to report around a fortnight ago that Stone Ridge Asset Management, a manager read the full article →

Tullett Prebon insurance-linked note platform completes first issuance

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.Tullett Prebon, the electronic and voice interdealer broker and part of the TP ICAP group, read the full article →

Big four reinsurers may exceed Q3 catastrophe budgets on Faxai

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.Analysts at Deutsche Bank said that they expect all read the full article →

Hudson Structured invests in insurtech Bold Penguin

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.Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has read the full article →

Best of Artemis, week ending 29th September 2019

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.First speakers announced read the full article →

Parametric triggers can expand the limits of insurability: Swiss Re

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).Innovation continues to deliver on new ways to mitigate risks, Swiss Re said in a recent report.These innovations are enabling better management read the full article →

AXIS names Global Treasurer, to assist on Risk Funding & strategic capital partners

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.AXIS lifted the amount of third-party reinsurance capital assets under read the full article →

Bahamas parametric CCRIF payouts for hurricane Dorian hit $12.8m

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).As we'd already reported, the CCRIF made an initial payout of almost $11 million to the Bahamas after Category 5 hurricane Dorian read the full article →

Nephila Climate takes weather risk to assist Scout wind farm financing

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.Nephila has long been involved in the weather and read the full article →