Insurance Linked Investments

Hamilton, the Bermuda based insurance and reinsurance holding company, has formally launched its Ada Capital Management platform and Ada Re underwriting vehicle for its awaited entry into the collateralized retrocession space.

Strategic Risk Solutions, Inc., a provider of insurance, reinsurance and captive management and consulting services, has announced the hiring of Matthew Charleson in Bermuda from Apex, who joins SRS with a remit to expand the firms insurance-linked securities (ILS) activities.

Catastrophe bond and related insurance-linked securities (ILS) issuance has already reached a new annual record in 2020, exceeding $14 billion for the very first time, according to Artemis’ data on the cat bond and ILS marketplace.

An aggregation of similar inflationary factors to those seen in 2001 means the reinsurance market may see a multi-year hard market, according to analysts at Jefferies.

The Bermuda market is intrinsically involved in much of the successful capital raising going on in the global reinsurance sector, with the Class of 2020 well on the way to establishing itself, Arthur Wightman, PwC Territory and Insurance leader has said.

Nephila Capital, the largest dedicated manager of insurance-linked securities (ILS) and catastrophe or weather exposed insurance and reinsurance assets, has won a $100 million allocation from the state of New Jersey Division of Investment, a manager of state pension funds.

During its annual investor day this morning, Swiss Re’s CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make the capital more permanent.

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty (P&C) reinsurance business, aiming to underwrite more business in the hardening market at a reduced combined ratio.

Demotech, Inc. affirmed the ratings of previously under-pressure Florida primary insurance carrier Southern Fidelity Insurance Company, citing the investment made by Hudson Structured Capital Management Ltd. as a driver for its renewed confidence in the insurer.

Global investment firm Franklin Templeton has released a new report that examines the growing role of insurance-linked securities (ILS) in alleviating flood risk, particularly in the US where the financial burden on FEMA and the Treasury seems to be increasing every year.