Archive for February, 2021

Just nine months into its life, the latest insurance-linked securities (ILS) fund launch from Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has surpassed $100 million of assets under management.

Build America Mutual Assurance Company has returned to the insurance-linked securities (ILS) market for its second securitization of financial guarantee insurance risks, with a larger $150 million Fidus Re Ltd. (Series 2021-1) deal.

A new parametric crop-yield risk transfer solution has been launched by Praedictus Climate Solutions in partnership with The Speedwell Group.

The Insurance Council of Australia has said that its estimate for the insurance and reinsurance market loss from the hailstorm event on October 31st 2020 that struck south-east Queensland is A$805 million.

More of the executive leadership of SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, has now been revealed by the company.

Strategic Risk Solutions, Inc., a provider of insurance, reinsurance and captive management and consulting services, has made another key hire as it pursues insurance-linked securities (ILS) business, appointing Anna Pereira as Senior Vice President, Insurance-Linked Securities (ILS).

According to rating agency A.M. Best, catastrophe losses suffered in Texas from the US winter storm, which has been named winter storm Uri, may reach record levels, suggesting the estimates of significant insurance and reinsurance market losses are likely to come true.

American International Group (AIG) has reduced its aggregate reinsurance tower’s limit to $2.05 billion for 2021, down from $2.5 billion in 2020.

The insurance-linked securities (ILS) marketplace could put itself at risk of a potentially damaging “credibility gap” if it over promises on environmental, social and governance (ESG) alignment, Synpulse Management Consulting has warned.

The ongoing renegotiation and fine tuning of terms and conditions related to insurance-linked securities (ILS) capital deployment continued at the key January reinsurance renewals, with ILS fund managers gaining some more ground.