Archive for January, 2024

Speaking at the World Economic Forum event in Davos, Switzerland this week, Rafal Modrzewski, CEO and Co-Founder of ICEYE explained the important role satellite technology and the data it can collect has for the global insurance and reinsurance market, as well as societal resilience.

The first private catastrophe bonds of 2024 have now come to light, as $59 million in Seaside Re private cat bond notes have been issued by Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re.

Today, we are pleased to reveal our agenda, expert moderators and some more speakers for our upcoming insurance-linked securities (ILS) conference. ILS NYC 2024 will be held in New York City on February 9th 2024, with hundreds of attendees from the ILS community set to come together for a day of thought-leadership, discussion and valuable […]

Insurance-linked securities (ILS) get a brief mention as a potential area of growth in finance that could “proliferate” as the world deals with a scenario where demand for investment surges, but supply and mobility slows down, in a paper from Bain & Company.

International specialty insurance and reinsurance group Chaucer plc, part of the China Re group of companies, has formally entered the Vesttoo bankruptcy case, filing its appearance soon after having registered a $257 million claim under the court process.

Independent and private equity funded broking group, Miller has announced the hire of Shaun Sinniah from Guy Carpenter, who joins the firm as its new Head of Reinsurance and Capital.

US primary insurer Allstate has successfully secured the targeted doubling in size of its latest catastrophe bond, with the Sanders Re III Ltd. (Series 2024-1) issuance pricing to provide the carrier $400 million in catastrophe reinsurance from the capital markets.

According to reinsurance broker Gallagher Re, global insured catastrophe losses reached $123 billion in 2023, the fourth year in a row where they surpassed the $100 billion level.

Insurance claims from the severe storms that affected eastern Australia through the Christmas and New Year period, as well as from the remnants of tropical cyclone Jasper, have risen to 72,410 according to the Insurance Council.

Guy Carpenter has announced a new senior hire at the reinsurance brokerage, as former Swiss Re executive Keith Wolfe joins the company to take on a newly created role of Chief Commercial Officer, North America, effective immediately.