Archive for June, 2022

Investment funds in the private capital markets sector increasingly need to be seen to be quickly moving towards, or having already implemented, a rigorous environmental, social and governance (ESG) policy, or they could risk falling outside of many institutional investor’s consideration.

Lockton Re, the reinsurance arm of the global broker, has announced the hiring of Kathy McCann from Guy Carpenter, a property reinsurance and retrocession specialist.

Speedwell Climate, a leading provider of weather, catastrophe and climate data, indices and settlement services, has teamed up with the European Power Exchange (EPEX SPOT) on the launch of a set of weather-based power indices to provide risk management and hedging opportunities to the renewables sector.

Global specialty insurance and reinsurance underwriter AXIS Capital has now secured its latest catastrophe bond at attractive terms, with the upsized $140 million of peak-peril catastrophe reinsurance protection from its new Northshore Re II Ltd. (Series 2022-1) catastrophe bond issuance coming at a reduced pricing level.

Everest Re, the global specialty insurance and reinsurance group, has announced the hiring of Brent Hoffman, formerly of AXA XL, as Senior Vice President, Head of Claims and Chief Operations Officer for its Reinsurance division.

Markel’s sale of the two managing general agent (MGA) platforms that its ILS investment manager Nephila Capital had created and had ownership stakes in has unlocked significant value related to its acquisition of the manager, Co-CEO Richie Whitt explained recently.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has announced a successful new Series B capital raise that has secured it $75 million in growth capital.

Vesttoo has made a key hire, attracting experienced insurance-linked securities (ILS) executive and innovator Stefano Sola to join the company in the role of Global Head of Capital Markets.

Independent and private equity funded broking group, Miller, has revealed that James Hands will take over as Chief Executive Officer (CEO) of the insurance and reinsurance broker, succeeding Greg Collins.

The fact some large and previously significant catastrophe exposed reinsurance firms have announced plans to pull-back and reduce exposures this year bodes well for pricing right through into 2023, according to analysts from JP Morgan.