Archive for November, 2020

The Government of Nicaragua will receive a US $10.7 million payout after recent major hurricane Eta triggered its parametric tropical cyclone insurance policy with the CCRIF.

The response of the catastrophe bond market to Covid-19 has demonstrated the sector’s resilience to a global pandemic, but as investor appetite intensifies, price increases could suffer, according to Stephan Ruoff, Head of Schroder Secquaero.

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, has added another $1 billion dollar of capital from private equity investors, taking its total committed capital base to more than $2.7 billion.

With the important January 1st, 2021 reinsurance renewals fast approaching, priorities for the insurance-linked securities (ILS) market for year-end are expected to include named perils and ensuring alignment amid a hardening environment, according to Michael Millette, Founder & Managing Partner, Hudson Structured Capital Management.

During the third-quarter of 2020 we teamed up with boutique consulting firm Synpulse to conduct a survey looking at the maturity of environmental, social, and governance (ESG) adoption in the risk transfer, reinsurance and insurance-linked securities (ILS) markets.

Jutta Kath, formerly of insurance-linked securities (ILS) specialist manager Schroder Secquaero, has been appointed as Chair of ISC Switzerland, the countries branch of the well-known global insurance and reinsurance business community for women.

Arch Re, the reinsurance underwriting arm of specialty re/insurer Arch Capital Group in Bermuda, has hired Brian Lynch from Aon’s insurance management unit for an operational role focused on insurance-linked securities and retrocession.

Twelve Capital, the Zurich headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, has appointed well-known ILS exec Tony Maximchuk as a Non-Executive Director for its Twelve Capital (UK) Limited operation.

The South American nation of Brazil aims to develop a legal and regulatory environment to allow for the issuance of insurance-linked securities (ILS) in the country, but its regulator Susep is calling for the local insurance and reinsurance sector to embrace transparency to support these ambitions.

While challenges around capital consumption and the potential for overlap on the P&C side are clear, for investors, the insurance-linked securities (ILS) asset class represents a great opportunity to complement other private market solutions, according to industry experts.