Archive for September, 2023

The retrocessional reinsurance market capital supply remains disciplined, which means capacity for retro protections is still not abundant and so this has been creating some difficulty for reinsurance firms that have relied on it in the past, Fitch Ratings has said.

Investment banking giant Goldman Sachs believes that investors are not fully appreciating how the changes to terms and conditions in property reinsurance will affect the outcome for reinsurers and other insurance-linked investments, feeling that the changes can drive strong additional returns for constituents.

A study undertaken by reinsurance industry participants and consultants in Germany has proposed a three-layered approach to managing peak disaster risks, with the industry using catastrophe bonds to diversify risk into the capital markets, while the government would be expected to take the tail risks of really significant catastrophic events.

Hudson Structured Capital Management, the reinsurance, insurtech and insurance-linked securities (ILS) and transportation focused asset manager, has sold its majority ownership stake in London-based specialty lines MGA and Lloyd’s Coverholder Occam Underwriting Limited, to Brown & Brown (Europe) Ltd.

Historically, the reinsurance industry has picked up the tab at the Monte Carlo Rendez-Vous event, in a demonstration of the capacity providers keeness to maintain the good relationships they have with cedents and hold onto shares in their renewal programs.

In finalising the insurance and reinsurance industry loss estimate for Japanese typhoon Nanmadol, which struck the country in September 2022, catastrophe loss data aggregator PERILS AG has lowered the total to JPY 125.9 billion, while also saying that its data is increasingly being used in Japanese ILW loss triggers.

This video of the third session of the day at our recent Artemis ILS Asia 2023 conference, held in Singapore on July 13th 2023, features Stefan Kräuchi and Tim Yip of Hong Kong based ILS investment manager and advisory firm ILS Advisers, which is part of the HSZ Group, discussing the insurance-linked securities (ILS) landscape […]

We’re told that some managers of insurance-linked securities (ILS) fund strategies that invest into collateralized reinsurance quota share arrangements and private sidecar structures, are anticipating a chance of attritional losses from some recent catastrophe events that have occurred around the globe.

The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility), has announced the launch of its sixth parametric insurance product line, as a new segregated account has been established to warehouse parametric risk from insurance policies sold to water utilities.

According to a report in the Israeli media, the Tel Aviv District Court has approved Vesttoo to seize approximately $30 million in assets from its two ousted co-founders, as well as the persons that worked to source investors who have been implicated in the letter of credit (LOC) fraud scheme.