Archive for June, 2022

For now the third time, alternative capital levels in reinsurance, largely in insurance-linked securities (ILS) formats, have rebounded to their previous high-level of $97 billion, according to Aon.

PwC Bermuda has announced that one of its asset management specialist Directors Megan Green, someone who has worked closely with insurance-linked securities (ILS) funds, has been promoted to become a Partner in the firm.

Reflecting on the June and July 2022 mid-year reinsurance renewals, broker Aon calls these a “near-perfect storm” for reinsurance buyers and explains that a “true hard market” may be fast approaching.

Vesttoo has added another important appointment, hiring Dan Dijak, who was most recently at AM RE Syndicates, as its Vice President of Insurance Markets in the US.

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), saw its overall assets across its mutual ILS funds shrink slightly in the last quarter of record.

The global insurance protection gap, or the gap between economic losses and those that are insured, increased again in 2021, reaching a new all-time high of US $1.42 trillion, according to reinsurance giant Swiss Re.

The stage is set for catastrophe bond prices to recover from their current levels back to the long-term mean over the next six to nine months, according to Dirk Lohmann, Chairman, Schroders Capital ILS.

Henan Province is the latest in China to announce a pilot program for parametric catastrophe insurance, with an initial focus on extreme rainfall and flood coverage.

While recent years have made it very clear that the insurance and reinsurance market pricing cycle continues to respond to factors including loss activity, capital availability and broader macro-economic pressures on the industry, investors and underwriters tend to hold inverse views on the market opportunity in both soft and hard market cycles.

The two recently issued Merna Re catastrophe bonds sponsored by US primary insurance giant State Farm both covered peak peril US hurricane risks, we understand, with one bond having a Florida focus and the other Texas.