Archive for March, 2022

As conversations around cybersecurity and risk management increasingly occur at the board level, insurance-linked securities (ILS) investors and reinsurers should be excited, but must tread quickly and wisely, according to Thomas Nuth, Vice President of Marketing at DeNexus.

Investors in the Markel CATCo retrocessional reinsurance investment funds have voted overwhelmingly in favour of the proposed and updated buyout terms, putting the process on course for a resolution and completion by the end of the month.

Bermuda-based Arch Capital Group, Ltd. has announced that its international insurance operation has promoted Krista Bonneau to Chief Reinsurance and Exposure Officer, based in London and reporting to Hugh Sturgess.

Chubb, the global primary insurance carrier and reinsurance company, once again shows the growing importance of strategically important total-return and third-party capitalised reinsurance joint-venture ABR Re, as the amount of premiums it ceded to the vehicle rose, alongside the fee income it earned back and the valuation of its stake in the vehicle.

Insurers have now received 86,703 claims related to the Southeast Queensland and New South Wales flooding, resulting in an insurance and reinsurance industry loss of an estimated $1.3 billion, according to the Insurance Council of Australia (ICA).

Here are the ten most popular news articles, week ending March 6th 2022, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Executives at U.S. primary insurance carrier group, FedNat Holding Company, have reported that the company continues to see positive trends in its Florida homeowners business as the book shrinks and rates increase, while the firm’s catastrophe reinsurance spend fell by $10 million in the fourth quarter of 2021.

Inigo Insurance, the London headquartered and Lloyd’s market focused specialty insurance and reinsurance underwriter, has entered the catastrophe bond market for the first time, seeking $105 million or more in coverage from a Montoya Re Ltd. (Series 2022-1) issuance.

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has appointed former AQR Re chairman Andrew J. Sterge as an independent non-executive director.

The importance of environmental, social & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the service provider level as well, according to HSBC executives we interviewed recently.