Archive for June, 2021

Oliver Denbigh, formerly an Aon employee, has now taken up his role at TigerRisk in its London retrocessional reinsurance broking team.

In response to the reports that insurance group Covéa wants to acquire AXA’s non-life reinsurance operations, the Bermuda headquartered AXA XL Re division, analysts at Keefe, Bruyette & Woods have mused that the lower cost-of-capital of a mutual insurer’s strategy may be better able to withstand competition from the ILS market.

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, is targeting further expansion of its business within European markets and has announced the hiring of former Swiss Re employee Karlheinz Render as Senior Vice President, Europe.

The Competition and Consumer Commission of Singapore has said this morning that it intends to deepen its review of the merger of insurance and reinsurance broking and consultancy giants Aon and Willis Towers Watson (WTW).

Tropical depression four which sits just off the South Carolina coast is expected to become the fourth named storm, as tropical storm Danny, of the 2021 Atlantic hurricane season before it makes landfall later today to the south-west of Charleston.

Aspen Re, the global reinsurance unit of Bermuda headquartered Aspen Insurance Holdings Limited, has announced a number of changes to its global reinsurance leadership, as it seeks to strengthen its team and provide flexibility to employees.

The successful placement at low-pricing of the first green catastrophe bond occurred during an extremely active marketplace for cat bonds, noted joint bookrunner and green coordinator French financial services firm Natixis.

Insurance-linked securities (ILS) assets under management across the two main mutual ILS funds operated by Stone Ridge Asset Management shrank by approximately 11% during the last quarter of record to $3.4 billion.

U.S. primary insurance carrier group FedNat Holding Company has expanded its reinsurance tower at its renewal this year, lifting its aggregate protection to $2.25 billion and its single event cover to $1.41 billion.

We’ve learned that the first company destined to be an insurance-linked securities (ILS) special purpose vehicle has already been registered in Hong Kong, with Greater Bay Re Limited established to issue a catastrophe bond on behalf of China Re, sources told us.