Archive for February, 2020

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Stephen Postlewhite to lead QBE Re, as Parry set to retire

Stephen Postlewhite has been named as the new Managing Director of QBE Re, the global reinsurance underwriting division of Australian insurer QBE, as the current leader of the reinsurer Jonathan Parry is set to retire. QBE has promoted Postlewhite from his role as Deputy CUO to become the leader of its read the full article →

Elementum added as sub-advisor to K2 managed alternatives fund

Elementum Advisors, LLC, an insurance and reinsurance linked asset manager with over $4.3 billion of assets under management, has been added as a sub-advisor to a K2 Advisors managed Franklin Templeton multi-manager alternatives investment fund. The Franklin K2 Alternative Strategies Fund has around $1.274 billion of net assets under management a read the full article →

United (UPC) returns for $130m Armor Re II 2020 catastrophe bond

United Insurance Holdings (UPC Insurance) is back in the insurance-linked securities (ILS) market for a fresh catastrophe bond issue for 2020, bringing a $130 million multi-peril Armor Re II Ltd. (Series 2020-1) transaction to market as it looks to expand on its capital markets backed reinsurance cover. Last week we reported read the full article →

Generali develops framework for Green insurance-linked securities (ILS)

Generali, one of the largest global insurance and asset management companies, has recognised the potential for insurance and reinsurance linked investments to have green or ESG credentials and has developed a framework for Green insurance-linked securities (ILS). As a recognised European sponsor of catastrophe bonds, as one of the way's it read the full article →

TigerRisk adds Conway to Bermuda reinsurance & retro team

TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced the hiring of Bermuda-based Chris Conway, who joins the firm's reinsurance and retrocession broking team on the island. Conway is well-known on the reinsurance and retrocession space, having most recently worked at Neon in Bermuda and with read the full article →

Berkshire Hathaway’s P&C underwriting result hit by Hagibis & bushfires

Berkshire Hathaway's reinsurance underwriting result was dented by Japanese typhoon Hagibis and bushfires in Australia during the fourth-quarter of the year, contributing to an underwriting loss for the year across Warren Buffett's reinsurance related businesses. Berkshire Hathaway took another hefty loss from Japanese typhoon risks in the fourth-quarter of 2019, as read the full article →

Aon names Andersen sole President as O’Connor departs

Aon, the global insurance and reinsurance broking house, has named Eric Andersen as its new President, as the firm's former co-President Michael O'Connor is departing the firm for a new opportunity. Aon has also announced a search being undertaken to identify four regional leaders as new CEO's for the brokers key read the full article →

TigerRisk hires Bill Cooper as Head of Capital Advisory

Strategic risk and reinsurance brokerage and capital manager TigerRisk Partners LLC has announced the hiring of Bill Cooper, a well-known insurance-related banking sector executive, as its Managing Director and Head of Capital Advisory based in the UK. Cooper joins TigerRisk from his most recent position with Lloyds Bank, where he was read the full article →

Indiana state pension adds $50m to Aeolus ILS fund allocation

The Indiana Public Retirement System, a state pension fund with over $38 billion of pension related assets under management, has expanded its investments in funds managed by ILS and reinsurance focused investment manager Aeolus Capital Management. The pension fund has been invested in insurance-linked securities (ILS) for some years, having had read the full article →

GC / MMC to launch Isosceles Re transformer platform for 4(2) private ILS

The use of rented transformer platform structures for insurance-linked securities (ILS) and private catastrophe bond transaction issuance continues to expand and a new Isosceles Re offering from Marsh & McLennan Companies and reinsurance broker Guy Carpenter is set to help make issuance of 4(2) securities more simple. The new Isosceles Re read the full article →