For the first time Markel Corporation has revealed how much revenue operations at its reinsurance and retrocession linked investment manager Markel CATCo Investment Management generated, reporting $56.5 million of revenue for 2016.
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Reinsurance broker JLT Re has secured a license to facilitate industry loss warranties (ILWs) covering the U.S., Canada, and Turkey, using Property Claims Services (PCS) data as a trigger.
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Eclipse Re Ltd., a private syndicated collateralized reinsurance note platform, has been launched by Bermuda-headquartered ILS management, servicing, transformation and fronting specialist Horseshoe Group and boutique insurance investment banking specialists Rewire Securities LLC.
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There is an expectation that achieving profitable growth in insurance and reinsurance in 2017 is not going to be any easy, as ideas that pricing is near to the bottom of the cycle are unlikely to translate into better profits or more growth opportunities without an innovative approach.
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Japanese primary insurance giant Sompo Japan Nipponkoa Insurance is returning to the capital markets to sponsor a $270 million Aozora Re Ltd. (Series 2017-1) catastrophe bond, to secure additional collateralized reinsurance protection for Japanese typhoon risks.
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Here are the ten most popular news articles, week ending 26th February 2017, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.
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This weeks European windstorm Thomas (or Doris) could be the most damaging of a so far relatively quiet winter 2016/17 storm season, according to reinsurance broker Aon Benfield’s Impact Forecasting division.
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TransRe Capital Partners, the unit of reinsurance firm TransRe formed in 2013 to deal with its third-party capital market activities, now has approximately $500 million in its collateralised reinsurance sidecar, according to Alleghany President Weston Hicks.
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Specialist primary insurer State National Companies, which provides fronting and program services to the world’s largest insurance-linked securities (ILS) fund manager, Nephila Capital, saw revenues from its Program Services unit increase by 7.9% in 2016.
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Global asset management group Schroders saw strong growth across its insurance-linked securities (ILS) investment business in the last year, with assets under management reaching $2.482 billion and high demand causing it to shutter its GAIA cat bond fund.
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Aspen Insurance Holdings has expanded its capital markets activities through its Peregrine Reinsurance Ltd. vehicle recently, utilising it for segregated account re/insurance deals for a broader range of risks, backed by third-party investors.
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John Berger is to step down from the Chief Executive Officer role at Bermuda based hedge fund backed reinsurance firm Third Point Re from March, with Robert Bredahl the current President and Chief Operating Officer set to succeed him.
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Bermuda domiciled insurance-linked securities (ILS) and reinsurance linked investment manager New Ocean Capital Management Limited (New Ocean) has delivered increased value to its stakeholders and third-party investors over the course of 2016.
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Reinsurance firm Swiss Re underwrote 18% less renewal business at the 1st January 2017, renewing $8.5 billion of a possible $10.3 billion, as it continues to navigate softening reinsurance markets and looks to protect its profitability.
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