Archive for July, 2023

Elementum Advisors, LLC, the insurance and reinsurance linked asset manager, has raised additional capital in advance of the middle of the year, with its overall assets under management reaching the $4 billion mark again at June 30th.

GAM Holding AG, the parent company to global asset manager GAM Investments and home to perhaps the largest catastrophe bond fund strategy in the world, has now received a counter-offer to its impending acquisition deal with Liontrust, as an investor group has offered to buy its shares at a 29.1% premium to that arrangement.

Cyber insurance-linked securities (ILS) will be “pivotal” to the future development and health of the cyber insurance and reinsurance market, according to comments from specialist insurance-linked securities (ILS) investment manager Fermat Capital Management today.

Vesttoo, the insurtech that has been working to connect capital markets with diverse types of re/insurance risk, has come under scrutiny after claims of fraudulent collateral emerged in an Israeli tech publication yesterday.

The latest news of a primary insurance carrier pulling-back from its exposure in a catastrophe-exposed US state comes courtesy of media reports on AAA Insurance, which is reportedly set to cull certain policies from its portfolio through non-renewals, as it seems to manage its exposure in Florida.

Despite the news of a range of insurance carriers pulling-back to manage their catastrophe exposure in Florida, there remains an appetite to assume this risk and the state insurance regulator says that it is seeing greater interest and participation in the Florida Citizens Depopulation program in 2023.

The well-established and growing life insurance-linked securities (ILS) segment offers a very stable profile and true diversification for investors, both within ILS and when compared to traditional asset classes, according to industry experts.

One of the key themes to come out of renewals over the last year is a realignment of risk sharing in natural catastrophe risks between the reinsurance market, including ILS funds and alternative capital, and the primary insurers, which positions the reinsurance side to better be able to demonstrate the profit-potential of their businesses this […]

Outbreaks of severe convective storms across western and central Europe between July 6th and 13th are initially anticipated to drive minimally hundreds of millions of Euros in insured losses, according to broker Aon.

Coastal property managing general underwriter SageSure has now secured its latest slice of capital markets backed reinsurance, as the new $50 million Gateway Re Ltd. (Series 2023-3) catastrophe bond issuance has been priced roughly 7% below the mid-point of the initial spread guidance range.