Archive for November, 2021

Allstate has increased the target issuance size for its latest catastrophe bond, with the Sanders Re II Ltd. (Series 2021-2) transaction now expected to secure the company a $400 million of multi-peril per-occurrence and aggregate reinsurance protection across a range of named perils.

The Lloyd’s insurance and reinsurance market has announced the launch of a retail parametric cyclone insurance product for Northern Australia, with backing from stalwart markets Beazley, AXA XL, Hiscox and RenaissanceRe.

Following the completion of several transactions featuring a collateralized financing solution for intellectual property assets, this emerging asset class could be a massive opportunity for ILS funds and their investors, according to Lewis Lee, CEO of Aon’s Intellectual Property Solutions.

A new parametric insurance managing general agency (MGA) has been launched by K2 Insurance Services, with a recognised expert Scott Carpinteri, who was previously at Swiss Re Corporate Solutions, taking the helm.

Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has raised $15 million in a Series B fundraising round, that included support from MS&AD Ventures.

For our latest Artemis Live video interview we explored the importance of climate risk models in the management of portfolios of reinsurance and insurance-linked securities (ILS), with senior executives from Aeolus Capital Management.

Bermuda headquartered ILS fund and reinsurance linked investment manager ILS Capital Management has purchased more shares in Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle.

Global reinsurance firm Ariel Re is back in the insurance-linked securities (ILS) market seeking another catastrophe bond to benefit its Lloyd’s of London Syndicate 1910, with a $150 million Titania Re Ltd. (Series 2021-2) retro industry loss deal.

The UK government’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation of the pending acquisition of the Willis Re treaty reinsurance business of Willis Towers Watson (WTW) by Arthur J. Gallagher (Gallagher) and cleared the deal to proceed.

Covéa Group, the French mutual insurance society, has had to reduce its target for the Hexagon III Re Pte. Ltd. (Series 2021-1) catastrophe bond transaction slightly, as pricing has diverged between the two tranches and the issuance is now said to be aiming to secure the company between €150 million and €190 million of reinsurance.