Archive for March, 2021

The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has more than doubled its investments in the insurance-linked securities (ILS) asset class over the last year.

BMS Capital Advisory, Inc., the broker-dealer, investment banking, ILS and capital markets arm of insurance and reinsurance brokerage BMS, has announced a new senior hire as it continues to build out this area of its practice.

For our latest Artemis Live video interview we spoke with two senior Verisk Analytics execs with years of experience on the claims-side of the market, Mike Fulton, President of Xactware and Tom Johansmeyer, Head of PCS, about the recent winter storm and Texas freeze loss event.

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance group, continued to see success in its management of third-party sources of reinsurance capital and the use of insurance-linked securities (ILS) structures, with its assets under management rising to $800 million in 2020.

Property insurance and reinsurance lines of business suffered at Lloyd’s in 2020, with elevated combined ratios reported partly due to the frequency of attritional catastrophe losses, as well as business interruption impacts from COVID-19.

Reinsurance rates at the April 1st 2021 renewals are expected to reflect a continued improvement in pricing dynamics, as the shift in risk perception among reinsurers continues to be the dominant factor, according to analysts at Morgan Stanley.

Suncorp Group, one of the largest insurance carriers in Australia, said this morning that despite the widespread region impacted by flooding in the country over the last two weeks, it expects the floods to be categorised as a single event for reinsurance purposes.

The Lloyd’s of London insurance and reinsurance market reported a £0.9bn loss for 2020 after significant impacts from the COVID-19 pandemic dented performance, despite significant reinsurance recoveries.

The Weather Risk Management Association (WRMA) and Artemis have partnered to host a live webcast on April 29th 2021 to discuss the role of parametric solutions in supporting climate resilience. The event will feature senior leaders from across the weather risk management and re/insurance space.

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance player, has completed its new Bellemeade Re 2021-1 Ltd. mortgage insurance-linked securities (ILS) issuance at a smaller size of $580 million after electing not to place one of the tranches of notes.