Archive for July, 2021

US primary insurance carrier Allstate reported another $195 million of pre-tax catastrophe losses for the month of June, including some loss creep on prior period events, taking its pre-tax total for the second-quarter of the year to around $952 million.

The ongoing and historic flooding across Europe is very unlikely to have an impact on the catastrophe bond market and insurance or reinsurance market losses will only be a fraction of the overall economic impact, showing the evident flood risk protection gap and the opportunity for cat bonds to help close it, according to Plenum […]

IQUW, which is the rebranded ARCUS 1856 Syndicate at Lloyd’s, has announced the hiring of former Sompo International reinsurance executive Stephen Young who will become leader of its new Bermuda reinsurance operations.

The first catastrophe bond for Jamaica, which as we were first to report ten days ago launched as a $175 million IBRD CAR 130 transaction with the support of the World Bank, is now said by our sources to have a chance of closing a little larger, at $185 million in size.

LGT Capital Partners (LGT CP), the global alternative investments specialist, is bringing a new multi-strategy alternatives investment fund offering to Australia, with insurance-linked securities (ILS) part of its portfolio.

Severe flooding across a number of countries in Europe looks set to become one of the most expensive flood episodes on record, with the insurance and reinsurance industry expecting billion Euro industry losses.

Hudson Structured Capital Management Ltd., undertaking its insurance and reinsurance investment business as HSCM Bermuda, has participated in a $44 million capital raise for CAPE Analytics, a technology firm offering structured property and geospatial data and analytics.

Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group has bought back its shares and a stake in its joint-venture reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re), that were held by investment manager Hillhouse Capital Management.

With Singapore now an active hub for catastrophe bonds and insurance-linked securities (ILS) and with Hong Kong primed to issue its first deal this year, regional sponsor participation can help to ensure their sustainability as ILS domiciles, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities.

Private equity investment giant Blackstone has once again demonstrated its appetite for access to profit, returns and float from the insurance and reinsurance market by signing an agreement with global firm AIG, which benefits to the tune of $2.4 billion, a new investment partnership and by securing a partnership that could deepen with a leading […]