Archive for September, 2020

After a period of relatively low activity over the first half of the year, analysts at Moody’s believe that some alternative capital investors could return to the market based on a combination of hardening prices, low interest rates, and growing clarity on COVID claims.

Hyperion X Analytics, the data and technology focused analytics and advisory unit of the global Hyperion Insurance Group, has announced the hiring of experienced insurance and reinsurance sector executive Julian Alovisi as Head of Research.

Brokers are reporting increasing demand for cyber reinsurance in 2020, across the range of structures available in the market, the latest annual cyber insurance market survey from PartnerRe shows.

Hamilton, the Bermuda based insurance and reinsurance holding company, is in the process of developing and establishing a collateralised retrocession offering and third-party capital manager named Ada Capital Management, as it targets the most dislocated segment of reinsurance.

When natural disasters strike around the world the single biggest solution to aid recovery is pre-disaster financing (predominantly insurance or reinsurance based products), with the ability to payout rapidly, according to AXA XL.

Akinova, the start-up that aims to create a platform or marketplace for the transfer and trading of insurance and reinsurance risks, is adopting a focus on clearing trades, signing up Ian Axe to its advisory team, a former Group CEO of LCH.Clearnet.

New Reinsurance Company Ltd. (NewRe), a wholly owned subsidiary of global reinsurance firm Munich Re, has named an internal candidate as its new Chief Executive Officer, with Thomas Braune taking the role.

The California Earthquake Authority (CEA) is back once again in the catastrophe bond market with the second issuance it has sponsored so far this year, seeking a $250 million or larger source of collateralised earthquake reinsurance from this Ursa Re II Ltd. (Series 2020-1) deal.

The African Risk Capacity (ARC), which has so far provided parametric disaster insurance products to countries in Africa, is set to expand its client base to include non-sovereign actors, as it looks to grow and diversify its portfolio of risks.

The opportunity to takeout insurance policies from Florida’s Citizens Property Insurance Corporation may return once again, as the insurers portfolio is expanding faster than it expected and it feels some of the book may be attractive.