Archive for May, 2023

Having visited the United Kingdom last week, one of the locations on Governor of Florida state Ron DeSantis’ agenda was an event co-hosted by Lloyd’s of London where he met with reinsurance leaders to try and press home the improved situation in the Florida property insurance marketplace.

Global insurer Zurich and life, longevity and annuity focused reinsurance firm Pacific Life Re have delivered a £1.6 billion longevity swap arrangement for the UK’s Yorkshire and Clydesdale Bank (YCB) Pension Scheme.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has added a new leadership position focused on parametric risk transfer, hiring Gareth Davies from Price Forbes as its new Chairman, Parametrics.

USAA, the primary military mutual insurance company, has successfully doubled in size its 40th catastrophe bond under the Residential Re name, with the company set to benefit from $400 million in multi-peril reinsurance protection from the Residential Reinsurance 2023 Limited (Series 2023-1) issuance.

France headquartered global reinsurance company SCOR has returned to the catastrophe bond market to boost its retrocession arrangements, targeting at least $75 million of multi-peril protection from an Atlas Capital DAC (Series 2023-1) issuance.

New York transport operator the Metropolitan Transportation Authority (MTA) is back in the catastrophe bond market with what will be its fourth issuance, seeking a $75 million or larger renewal of its parametric storm surge protection from a new MetroCat Re Ltd. (Series 2023-1) transaction.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has made a key hire in taking well-known industry executive Tom Johansmeyer from Verisk’s PCS unit, to become the brokers’ new Global Head of Index products, Artemis has learned.

Here are the ten most popular news articles, week ending April 30th 2023, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.