Archive for April, 2025

One of the prerequisites for a growing cyber insurance and reinsurance market is that availability of retrocession must increase, with the capital markets at scale needed to support event-based retrocession covers, according to broker Howden Re.

Faced with the possibility of “peak year” insured losses exceeding $300 billion, the Swiss Re Institute has suggested that the well-capitalised reinsurance sector, backed by $500 billion in capital, is pivotal to absorb large shocks.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced raising an additional $100 million from existing and new institutional investor partners.

Hiscox ILS, the dedicated ILS investment management arm of the global insurance and reinsurance group, has hired Jack Ellison, formerly of Walkers, as its new Head of Legal.

In an increasingly volatile and uncertain financial world where the investment landscape has been exposed to unpredictable shocks, pension funds have been among the most affected by equity market declines and this is expected to further heighten the desire to diversify their asset portfolios.

The team behind the Brookmont Catastrophic Bond ETF (ILS) says its strategy is built on deep diversification and a long-term aim to outperform the broader catastrophe bond market on a risk-adjusted basis.

During the first-quarter of 2025, the trend in the catastrophe bond market was one of issuances upsizing and pricing down thanks to elevated levels of investor demand and robust capital levels in the sector.

African Risk Capacity Limited (ARC Ltd) and Klapton Reinsurance Limited (Klapton Re) have signed a Memorandum of Understanding (MoU) to establish a new partnership aimed at expanding access to parametric climate insurance solutions across Africa.

Catastrophe data aggregator PERILS has now raised its insurance industry loss estimate for the extratropical windstorm “Éowyn” that impacted the Republic of Ireland, Northern Ireland and the Central Belt of Scotland during the period of January 24th – 25th 2025, increasing the total by 12.5% to EUR 696 million.

Catastrophe bonds are increasingly gaining ground with institutional investors and provide a compelling source of diversification and income at this time, according to Martin Rea, Senior Consultant at JANA Investment Advisers Pty Limited.