Archive for April, 2023

The catastrophe bond market has reassumed its growth trajectory during the first-quarter of 2023, with an increase in transaction sizes one of the notable features of issuance, Aon has explained.

Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle that counts among its capital backers a share from insurance-linked securities (ILS) market sources, has named well known insurance and reinsurance industry leader Martin Reith as its new CEO.

The catastrophe bond and related insurance-linked securities (ILS) market saw $3.3 billion of new risk capital issued in the first-quarter of 2023, but the big story of the opening period of this year was the elevated spread environment and as a result the promise of higher returns for investors, Artemis’ latest quarterly report shows.

RISCfp, a company focused on financing solutions advisory and platform management, has launched a new managed treasury pool (MTP) notes offering, that can act as both investment and collateral solution for insurance and reinsurance uses.

The lower-risk group of catastrophe bond funds structured in a UCITS format have now seen their average returns recover back to levels last seen just prior to hurricane Ian, as the cat bond market continues to deliver strong returns in the wake of that storm.

Zenkyoren, one of the largest catastrophe reinsurance buyers in the world, has returned to the cat bond market for what will be its thirteenth issuance we have tracked, seeking $200 million or more in collateralized Japanese earthquake reinsurance through a Nakama Re Ltd. (Series 2023-1) deal.

Mosaic, the global specialty insurer founded by Mitch Blaser and Mark Wheeler, is developing an alternative capital strategy, and has appointed its first Capital Solutions Officer to lead that charge.

Nephila Capital, a leading dedicated investment manager in the insurance-linked securities (ILS), weather and catastrophe reinsurance space, has reported a significant increase in the profitability of its flagship Syndicate 2357 at Lloyd’s, as the structure reported a combined ratio of just 57.5% for 2022.

At the just completed April 1st 2023 reinsurance renewals even the most favoured clients have paid more for their coverage, while no geographic region was immune to the market price correction, Gallagher Re has explained.

Insurance and reinsurance linked investment manager Nephila Capital saw its specialty lines focused Syndicate 2358 at Lloyd’s deliver a profit in its first year of trading, with an 88.3% combined ratio.