Archive for July, 2022

The Lloyd’s insurance and reinsurance market’s willingness to adapt its capital framework is seen as positive by broker Gallagher Re, who in a new report noted the use of ILS structure London Bridge Risk to bring in new capital, contributing to a healthy Funds at Lloyd’s market.

French mutual insurer Covéa has now completed its acquisition of Bermuda headquartered reinsurance company PartnerRe from Italian holding company EXOR, while reinsurance-linked investment cooperation between the companies will continue.

As the UK’s top regulator, the Prudential Regulatory Authority (PRA), looks to further evolve the UK insurance-linked securities (ILS) regime, it’s outlined some proposed changes to the authorisation and supervision of insurance special purpose vehicles (ISPVs).

DeNexus, a specialist provider of software for cyber risk quantification for large industrial and critical infrastructure corporates, has chosen Switzerland as the home of its European operations, and hired two industry experts to establish a cyber centre of excellence in the region.

On the back of a robust opening quarter, catastrophe bond issuance remained strong in the second-quarter of 2022, and with interest from new sponsors with novel transactions, growth could be on the horizon, according to Brad Adderley.

The country of Madagascar is the latest to benefit from a payout under its parametric drought insurance coverage from the African Risk Capacity (ARC), with almost $800k to be disbursed to the government.

Mid-way through 2022, the market for catastrophe bonds is on-track to match the record levels of issuance seen in 2021, according to insurance and reinsurance broker Aon.

Private equity specialist investor Cinven is doubling down on what it has learned through recent investments and deals in the insurance and reinsurance space, with the launch of a new fund strategy that will have re/insurance as a significant component.

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has raised institutional funds, launched, and deployed a new Florida-focused facility named Corbel at the 6/1 renewals.

K2 Insurance Services LLC’s parametric insurance managing general agency (MGA) K2 Parametric has announced a capacity partnership with insurer Homesite, which will see it offering parametric peak natural catastrophe peril protection in the United States.