Archive for August, 2021

As hurricane Ida moves closer to making landfall in Louisiana today, as a strong Category 4 storm with sustained winds of around 150 mph, Plenum Investments has said that minor impacts to its range of catastrophe bond funds are expected if Ida continues on the forecast track.

The location of hurricane Ida’s anticipated strong-to-major hurricane landfall in Louisiana on the US Gulf Coast will be key to insurance-linked securities (ILS) market impacts from the storm. The overall industry loss is anticipated to be in the billions of dollars, but with a wide-spread depending on landfall location and strength. Hurricane Ida has now […]

Insurance and reinsurance market losses from July’s severe flooding in Germany are now expected to reach as high as €7 billion (around US $8.3bn), according to the chief of the country’s insurance association.

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers has reportedly been the subject of the signing of a sale purchase agreement, suggesting a new owner has been found.

Insurance-linked securities (ILS) managers will need to be conscious of their dealings with service providers, whilst taking steps to show their environmental, social and governance (ESG) processes at work, according to Ocorian Executive Director, Sherman Taylor.

Tropical storm Ida formed last night in the Caribbean and has now set a course for the Gulf Coast of the United States, with forecast models suggesting a mid to strong hurricane is likely to make landfall in Louisiana and the NHC’s forecast now showing a major Cat 3 or stronger storm close to the […]

The London insurance and reinsurance market is experiencing its best conditions in decades, according to analysts from investment bank Jefferies, which means it is no surprise that insurance-linked securities (ILS) fund managers are increasingly looking to access business there.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has doubled-down on its investment in auto insurtech marketplace provider DealerPolicy, participating in its $110 million Series C investment round.

Update: See the latest forecast and information here. Forecast models continue to point to the possibility of a hurricane forming and impacting the United States, with landfall of what is likely to be storm or hurricane Ida possible along the Gulf Coast, somewhere from Texas to Louisiana, very early next week.

Broking giant Aon has followed on from a recent reshuffle of its global Reinsurance Solutions division leadership, with changes to its regional leaders as well, as it continues to focus on delivering greater client choice and innovation.