Archive for March, 2022

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has launched impressive specific functionality to allow buyers and sellers of retrocession to trade in UNL, parametric and blended products.

As the insurance-linked securities (ILS) asset class moves forwards from a few challenging years, it’s key to deliver more predictable outcomes for the ILS investor base and to continue expanding the range of options available to them, Stephan Ruoff and Mark Gibson of Schroders Capital discussed in a recent video interview.

UK government backed mutual terrorism reinsurance firm Pool Re has upsized its new Baltic PCC Limited (Series 2022-1) terror catastrophe bond to £100 million in size, helping it to increase the size of its retrocession tower to UK £2.5 billion at the renewal, up from £2.475 billion a year ago.

The North Carolina Insurance Underwriting Association (NCIUA) has returned to the catastrophe bond market for its first issuance of 2022, seeking $300 million or more in collateralized reinsurance protection from a Cape Lookout Re Ltd. (Series 2022-1) issuance.

Hiscox ILS, the insurance-linked securities (ILS) and collateralised reinsurance underwriting unit of specialist underwriter Hiscox Group, raised $217 million in new assets in time for the January renewal season and started 2022 with an increased $1.6 billion in ILS assets under management.

Global reinsurance markets are expected to bear the brunt of the Australian east coast flood losses, according to S&P Global Ratings, while claims reported have risen by another 53% overnight.

Romulo Braga is departing from his position as CEO of BMS Capital Advisory, Inc., the broker-dealer, investment banking, ILS and capital markets arm of insurance and reinsurance brokerage BMS.

A world-first digital marketplace for trading in index-based longevity risk is set to open in Bermuda, insurtech Longitude Exchange announced today.

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has again put its weight behind home insurtech company Kin Insurance, participating in a Series D investment round.

Florida’s insurance carrier challenges persist with another company headed into insolvency and analysts saying that almost half of the smaller Florida-dedicated homeowners carriers they have tracked have failed to make a go of it.