Insurance Linked Investments

Global reinsurance firm SCOR said that it expects the impacts of hurricanes Harvey, Irma and Maria will likely remain an earnings, rather than capital event, and that it does not expect its contingent capital facility will be triggered as a result of the losses it will suffer.

As InsurTech investment continues apace, questions are often asked about the ability of startups to launch into a sector that is heavily regulated and requires significant capital. In answer to this question, leading ILS fund manager Nephila Capital, its fronting partner State National and some top VCs are backing a platform designed to take the […]

Marsh & McLennan Companies (MMC), via GC Securities and Marsh Captive Solutions, recently announced the launch of a new vehicle designed to support the access of capital markets-backed insurance-linked securities (ILS) protection, called Cerulean Re SAC Ltd.

The need for reinsurance solutions for managing capital and earnings is as relevant as ever in today’s rapidly changing industry, but the increased use of alternative capital solutions has resulted in the potential for capital lock-up, according to Guy Carpenter’s James Nash and Julia Chu.

Gibraltar licensed online lottery company the Lottoland Group has set up its own insurance company in Gibraltar, Fortuna Insurance PCC Limited, which will provide the firm with its own issuing vehicle for future collateralised reinsurance and insurance-linked securities (ILS) transactions.

The amount of convergence capacity in reinsurance, so the capital in insurance-linked securities (ILS) funds, reinsurer sponsored third-party capital vehicles such as sidecars and from direct institutional investors, continues to grow but the pace of growth has been slowing, according to A.M. Best.

According to market sources, both traders and ILS fund managers, following the impacts of hurricanes Harvey and Irma a number of industry-loss warranty (ILW) contracts are expected to payout, with the total at risk seen as in the billions.

In an interview with Artemis at the 2017 Monte-Carlo Reinsurance Rendez-vous, Victor Peignet, Chief Executive Officer (CEO) of SCOR Global P&C, discussed the potential but uncertain impact of hurricane Irma on the softening market, and also what it might mean for the alternative reinsurance capital space.

The first full-year profit warning from a major reinsurance firm has been issued this morning by Talanx owned, German headquartered global player Hannover Re, which said the combined losses from recent catastrophe events could surpass its major loss budget.

Markel CATCo Investment Management has delivered a warning to investors in its flagship listed CATCo Reinsurance Opportunities Fund Ltd. that full-year performance could be erased by the impacts of recent major catastrophe events.