Archive for December, 2019

Florida and region focused primary insurance group FedNat Holding Company has completed its acquisition of the homeowners insurance underwriting operations of 1347 Property Insurance Holdings, Inc.

AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is hoping to upsize its latest catastrophe bond issuance, as the Galileo Re Ltd. (Series 2019-1) transaction is now aiming for up to $575 million of protection for the firm, but two tranches of the issuance have been pulled.

Reinsurance pricing is often put down to relatively simplistic factors related to supply (of capital) and demand (for protection). But when it comes to major reinsurers there are other levers, although right now they don’t seem to be pulling them.

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, took an allocation amounting to roughly $102.85 million from asset management giant Blackstone earlier this year.

The Plenum CAT Bond Fund, the flagship offering from Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum Investments, has received a higher grading as a sustainable investment opportunity in its second assessment.

A loss reserve has been established for one of Zurich headquartered ILS and reinsurance fund manager Twelve Capital’s private Dodeka catastrophe bonds, after the transaction became exposed to potential losses from recent global catastrophe events.

Typhoon Kammuri has intensified in the last day and remains on track for a landfall in the Philippines. Known locally as typhoon Tisoy, the storm has now intensified to a Category 3 equivalent and approaches the Philippines soon after the issuance of its first catastrophe bond.

Here are the ten most popular news articles, week ending 1st December 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.