Archive for November, 2019

Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance management and fund administration, servicing, and risk transformation specialist, is now owned by Artex Risk Solutions, as the acquisition completed today, creating the largest ILS service firm that will operate under the Horseshoe brand.

The €45 million Atmos Re DAC catastrophe bond transaction, which was sponsored by Italian primary insurer UnipolSai Assicurazioni S.p.A.is facing a total loss, as secondary market cat bond pricing sheets have discounted the notes by around 100%.

Hamilton Insurance Group is placing its Acappella Syndicate 2014 (Acappella) into run-off, citing an expected inability to produce adequate returns and adding to the Lloyd’s of London market casualties of recent months.

Bermuda domiciled insurance and reinsurance focused holding company Paraline Group has retained Andrew Holderness, the former insurance practice lead at Clyde & Co., as a Senior Advisor to its as well as to owners Elliott Management and their investee companies which include ILS specialist Aeolus Capital Management.

The first catastrophe bond ever issued to cover natural peril exposures in the Philippines has now been priced, as the landmark transaction from the World Bank gets nearer to completion.

Foreign sponsors of insurance-linked securities (ILS) transactions such as catastrophe bonds continue to look to Bermuda as the location for listing the resulting notes, with Estera having listed all of the transactions originating in Europe or the UK this year.

A severe hail storm struck the Brisbane and Sunshine Coast region of South Queensland, Australia yesterday, resulting in widespread damage, with thousands of insurance claims already filed.

Here are the ten most popular news articles, week ending 17th November 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.

The ongoing creep of insurance and reinsurance market losses associated with hurricanes that have hit Florida continues in the case of hurricane Michael from 2018, with the total rising another over 3% to reach almost $7.44 billion.

Everest Re’s new and incoming CEO Juan C. Andrade sees a range of opportunities presented by current market conditions, among which are increased use of third-party reinsurance capital and also underwriting in the retrocession market.