Archive for March, 2020

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has launched a tool to help risk managers assess their Covid-19 coronavirus property exposure in real-time.

Carlisle Management Company, a Luxembourg headquartered global alternatives investment firm, has announced the successful deployment of its life settlements fund at above target returns.

Property catastrophe reinsurance is expected to show limited exposure to the ongoing Covid-19 coronavirus pandemic, given in general an outbreak should not be covered under these treaty’s and programs. But rumours abound that attempts to force claims into a range of covers are being seen.

The U.S. House Financial Services Committee, which oversees and makes recommendations on legislation relating to financial services including insurance, has called for the passing of a Pandemic Risk Insurance Act (PRIA).

The Covid-19 coronavirus pandemic is having an evident effect on the catastrophe bond market, seen largely in the secondary market but with expected future ramifications for primary cat bond issuance market conditions as well, according to executives at Schroder-Secquaero.

AIG, the giant insurance and reinsurance operator, has appointed Gero Michel to a new role that will see him heading up risk analytics across the reinsurance related brands of Validus, Talbot and the ILS specialist unit AlphaCat.

Investors in Oxbridge Re NS Ltd., the fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd., are currently on track to earn a very healthy roughly 40% return for the current underwriting year.

Credit Suisse Insurance Linked Strategies Ltd., the insurance and reinsurance investments focused unit of bank and asset management giant Credit Suisse, has hired a new Head of Distribution & Strategy in Eric Blattmann, an experienced investment distribution professional.

The insurance and reinsurance industry bill after the severe hailstorms that hit the southeastern region of Australia in January have now risen by almost 50%, with the latest industry loss estimate now at A$1.2 billion (around US $700m).

The London market insurance and reinsurance sector is at-risk due to the Covid-19 coronavirus pandemic, causing Fitch Ratings to revise its outlook on this core marketplace to negative.