Archive for November, 2022

The apparent impairment of global dedicated reinsurance capital is set to create “generational” opportunities for underwriting companies, according to David Flandro and Michelle To of Howden Broking.

Analysts at Peel Hunt are forecasting that property catastrophe reinsurance rates may increase 20% to 30% above inflation in 2023, based on conversations they’ve had with underwriters and brokers.

Descartes Underwriting, an insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has announced the hiring of its first Chief Revenue Officer.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has hired experienced ILS lawyer Matthew Gabin as its Chief Legal Officer and Deputy Chief Operating Officer.

Credit Suisse Insurance Linked Strategies Ltd., the ILS focused unit of the global asset manager, has promoted Benjamin Baltesar to the position of Head of Underwriting and Pricing.

Bermuda-based reinsurance firm PartnerRe and Zurich, the global insurance carrier, have backed a £1 billion longevity swap transaction for a UK pension scheme sponsored by a Fortune 500 firm.

The ownership of Peak Re, the Hong Kong based global reinsurance company, could soon change, as it’s been reported by Reuters that Chinese conglomerate Fosun is looking to offload its majority stake in the company.

According to sources in the insurance-linked securities (ILS) investment community, side-pockets being established after hurricane Ian by ILS funds that invest in private deals and collateralized contracts, to segregate potentially loss affected investments, are ranging from as small as 3% to as much as 30% of a strategy.

Hildene Capital Management, LLC, a $12 billion credit focused alternative investment manager, has announced its entry into the life and annuity reinsurance space, with the formation of $1 billion reinsurer Ludlow Re.

Global re/insurer and Australian primary insurer QBE has pre-warned that it expects to exceed its catastrophe allowance for 2022 by almost AUD 100 million, with total losses of more than AUD 1 billion.