Archive for January, 2020

Lloyd’s specialist insurance and reinsurance player Beazley and Bermudian reinsurance firm and third-party capital manager RenaissanceRe have collaborated on an innovative capital markets backed cyber catastrophe reinsurance arrangement.

U.S. primary insurer and global re/insurer Liberty Mutual has completed another collateralised reinsurance sidecar placement for 2020, with a $50 million slice of the arrangement now listed on the BSX.

Specialist insurance, reinsurance and ILS capital manager Hiscox has provided the capital to back a novel parametric cyber risk transfer arrangement that is based on a trigger from PCS and was transacted on the technology platform created by AkinovA.

Australian primary insurance giant Suncorp is the latest to provide an update on its losses from the ongoing bushfire disaster in the country, saying that it currently counts losses of up to $345 million but notes that it has drop-down and aggregate reinsurance that could come into play.

A very interesting new insurance-linked securities (ILS) transaction has been launched to investors we’re told, in the shape of a $100 million Stratosphere Re Ltd. (Series 2020-1) catastrophe bond that we’re told will provide a source of reinsurance to cover certain primary insurance tail risks that were underwritten by and for ILS fund manager Nephila […]

There is only one month to go until our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020. With over 265 people already registered, we urge you to get your ticket soon to ensure you can join us.

Investors are circling shares in retrocessional reinsurance investment manager Markel CATCo’s listed insurance-linked securities (ILS) fund, partly due to share price increases experienced in recent weeks, but also over the potential for subrogation to benefit any holdings they have.

One of the insurance-linked securities (ILS) fund managers that achieved growth in advance of the all-important January reinsurance renewals was Tangency Capital, who secured investor inflows to lift its assets under management by 50% to around $400 million.

Global reinsurance giant Munich Re’s NatCat service has released estimates for the industry insured losses from Japanese typhoons Hagibis and Faxai, pegging them at $10 billion and $7 billion respectively.

Insurance-linked securities (ILS) fund participation in the reinsurance renewals for continental European countries was particularly low in January 2020, as the low levels of pricing seen proved challenging for ILS strategies yet again.