Archive for April, 2022

The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, has seen its allocation to insurance-linked securities (ILS) shrink to roughly 1% of the fund, falling to $220 million.

Because the Russia and Ukraine war is exacerbating negative macro trends, Fitch Ratings has revised its global reinsurance and London market sector outlooks downwards to Neutral from Improving.

Sustain ILS Management has been launched by two well-known industry executives, as a new independent insurance-linked securities (ILS) investment manager with a focus on sustainability and environmental, social, governance (ESG) opportunities within ILS and reinsurance.

Bermuda-headquartered international reinsurance company, Ariel Re, is to provide insurance to backstop comprehensive performance guarantees for recyclers owned by Ecogensus, a technology-focused provider of sustainable waste management solutions.

The Bermuda Monetary Authority (BMA) has issued a call for insurance-linked securities (ILS) vehicles domiciled on the island to adhere to international sanctions related to the ongoing conflict between Russia and Ukraine and to disclose any relevant information or impact related to it as it continues.

US primary insurer Travelers witnessed the erosion of almost 9% of its smaller catastrophe aggregate reinsurance treaty in the first-quarter of 2022, as the firm accumulated $175 million of qualifying losses in the period.

Schroders Capital has been chosen to manage a EUR 100 million portfolio composed of impact-focused investments in private equity, sustainable infrastructure, and climate insurance, for German insurance carrier Barmenia.

Catastrophe risk modelling firm RMS, one of the leading insurance and reinsurance market analytics providers, has announced a change of leadership as its CEO departs and the company promotes from within to a new General Manager position.

The Bureau of the Treasury of the Republic of the Philippines has issued a notice to the calculation agent of the World Bank issued IBRD CAR 123-124 catastrophe bond after the impacts of recent tropical storm Megi (locally known as storm Agaton), Artemis has learned.

Despite discussing alternative proposals with some 31 parties, Alleghany Corporation has not found a better bidder than Warren Buffett’s conglomerate Berkshire Hathaway, which is now on-track to secure its acquisition of the TransRe owner.