Archive for July, 2020

A $50.25 million private catastrophe bond transaction has been issued around the July renewal by broker Aon’s private catastrophe bond issuance and placement platform Randolph Re.

There’s still a very real need for greater education and awareness, but risk managers across Asia are becoming increasingly comfortable with the idea of parametric structures, according to industry experts.

Aditya Dutt, the leader of RenaissanceRe’s insurance-linked securities (ILS) and third-party capital management businesses, is set to take on the role of Partner and President of Bermuda-based reinsurance and ILS focused investment fund manager, Aeolus Capital Management Ltd.

Insurance-linked securities (ILS) investors and catastrophe bond funds valued the diversification opportunity that was the recent EUR 100 million European peril focused recently completed Windmill II Re DAC (2020) transaction sponsored by Achmea, according to catastrophe modeller RMS.

U.S. primary insurer and global re/insurer Liberty Mutual has successfully closed on another collateralised reinsurance sidecar placement for 2020, with a $100 million of notes issued by its Limestone Re Ltd. sidecar.

The impacts of the Covid-19 pandemic and costs from the riots and civil unrest in the U.S. have lifted insurance carrier W. R. Berkley’s second-quarter loss burden well above estimates.

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance carrier, has reported suffering above budget losses due to severe weather in the second-quarter of 2020.

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, has successfully secured $300 million of reinsurance from the capital markets through its first ever catastrophe bond issuance, the Hypatia Ltd. (Series 2020-1) multi-peril retro transaction.

Here are the ten most popular news articles, week ending 12th July 2020, 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 updates or get our email alerts for every article we publish.

The Asia Pacific region has become a key component of the global insurance-linked securities (ILS) marketplace and interest from cedants and issuers continues to surge, according to industry experts.