Archive for July, 2021

While catastrophe bond and insurance-linked security (ILS) spreads have tightened during the second-quarter of 2021, hedge fund specialist manager K2 Advisors believes that they remain attractive relative to corporate credit and are a strategy investors should be focusing on.

AGILE Risk Partners, the specialist technology-focused direct & facultative (D&F) property risk underwriting start-up with an eye on the capital markets for capacity, has now told us it has completed its first two D&F insurance-linked securities (ILS) transactions.

A new report from global reinsurance company Swiss Re suggests that a strong economic recovery from the COVID-19 pandemic will drive insurance market premiums much higher, lifting them to a record almost US $7 trillion by the end of 2021.

Global re/insurer Everest Re has promoted two employees to senior reinsurance focused leadership positions, naming Peter Bell as CEO and Managing Director Bermuda and Ari Moskowitz as COO, both in the Reinsurance Division.

With Hong Kong now established as a regulated domicile for insurance-linked securities (ILS) and catastrophe bonds, there could be several issuances out of the region by the end of 2021, according to Cory Anger, Managing Director of GC Securities.

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has expanded its capital base again thanks to a new strategic investment from an intriguing source, US insurance giant The Travelers Companies Inc.

Were the U.S. Securities and Exchange Commission (SEC) to recognise the maturity of the catastrophe bond marketplace and consider it a public market, it would help both the efficiency and transparency of this part of the insurance-linked securities (ILS) industry, according to Morton Lane.

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, has announced a new role for its third-party capital lead Craig Hupper, who will take on the new position of leading Environmental, Social & Governance (ESG) at the reinsurance firm.

Kingstone Companies, Inc., a multi-line property and casualty insurance company focused on New York and surrounding northeast areas of the US, has bought slightly more catastrophe reinsurance limit at the renewals, at $490 million.

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has hired Chris Caponigro to serve as the Global Head of AXIS ILS, the company’s rebranded third party capital unit.