Archive for September, 2019

The African Risk Capacity (ARC) is set to pay the Government of Senegal $22 million after drought triggered the countries parametric insurance policy.

Rate firming across insurance and reinsurance markets could persist for the “next three to four years” the CEO of Convex Group told the Financial Times.

Insurance-linked securities (ILS) asset manager Merion Square Capital LLC has announced the hiring of Jeff Fraser as its new Head of Analytics.

Hurricane Dorian remains a dangerous storm offshore of the southeastern United States, but it has weakened very slightly back to Category 2 status although still poses a dangerous threat to the Carolinas where a landfall remains possible.

The use of informal data sources as inputs to industry loss warranty (ILW) triggers can cause issues related to collateral such as its trapping and produce additional basis risk, according to Property Claim Services (PCS).

Tremor Technologies, Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has announced a fundraise of new investment capital totalling $10 million, featuring backing from well-known traditional and ILS industry names.

Blue Marble Microinsurance (Blue Marble) said it has renewed and expanded the weather index insurance scheme for smallholder coffee farmers in Colombia that it launched in 2018 in cooperation with Nespresso.

Alternative reinsurance capital, largely contributed by insurance-linked securities (ILS) funds, stayed roughly flat through the first-half of 2019, but traditional reinsurers benefited from their investment returns to post 10% capital growth.

Duncan Ellis, a well-known U.S. property insurance market figure, is leaving broker Marsh to take on a leadership position in North American retail property risks at insurance giant AIG.

France headquartered global reinsurance firm SCOR is aiming to become the “reinsurance company of tomorrow” with its latest strategic plan, part of which also includes capitalising on its position in the insurance-linked securities (ILS) market.