Archive for December, 2020

Carrie Lam, Chief Executive of the Government of Hong Kong, has highlighted catastrophe bond market growth in 2020 and a buoyant outlook for insurance-linked securities (ILS) as an opportunity for the Special Administrative Region as it moves towards enabling issuance of new ILS securities.

The mortgage insurance-linked securities (ILS) market has demonstrated its resiliency through the COVID-19 pandemic, as issuance came back to market despite the uncertainty created by a sharp increase in delinquencies, according to rating agency Fitch.

Use of third-party investor capital to support growth of insurance and reinsurance businesses is an expanding trend, as carriers find an increasing array of routes to channel capital markets funding to their underwriting vehicles, adjusting the traditional value chain as they go.

Howden Capital Markets has been launched as a new, nimble capital solutions advisory unit under HX, the data and analytics division of insurance and reinsurance broking, underwriting and advisory group Howden Group Holdings.

While the outlook for the global reinsurance industry remains stable, rating agency A.M. Best warns that market hardening needs to continue for at least a couple of years in order to have a meaningful impact on the segments ability to sustainably make its cost-of-capital.

Specialty insurance and reinsurance player Brit Ltd. is the latest to target an upsizing of its first catastrophe bond issuance, as the firms Sussex Capital UK PCC Limited (Series 2020-1) transaction now has an increased target size of $300 million.

Details have now come to light about the first full catastrophe bond sponsored by Hamilton, the Bermuda based insurance and reinsurance holding company, with a target of securing $150 million of retrocessional reinsurance from the Easton Re Pte. Ltd. transaction.

Reinsurance broker Guy Carpenter has announced the hiring of Gen Re senior executive Pietro Toffanello, who will become the firms new Head of Japan during the first-quarter of 2021.

Here are the ten most popular news articles, week ending 6th December 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.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has increased its reinsurance and ILS AuM by roughly 30% in 2020 so far, lifting it to more than $2.6 billion at December 1st.