The global reinsurance market may be heading for a new reality, where lower returns are the norm and an increasing focus needs to be placed on the contribution that underwriting makes to the bottom line, according to A.M. Best.
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2016 is expected to see a continuation of recent years strong catastrophe bond issuance, forecasts Fitch Ratings, with issuance conditions remaining favourable for sponsors, while investor appetite is expected to remain strong.
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Hurricane Joaquin became a Category 4 storm late yesterday and continues to batter the Bahamas with sustained winds of up to 130mph, a storm surge and extreme rainfall. The forecast track has continued to shift further east, but the threat of a major rainfall and flooding event in U.S. eastern states remains.
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Financial market volatility has again hit the two most prominent hedge fund reinsurance firms, with both Greenlight Re and Third Point Re reporting another negative month on the investment side of their businesses in September.
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U.S. mutual fund manager Pioneer Investments reports that total net assets for its interval style insurance-linked securities and reinsurance linked investment fund, the Pioneer ILS Interval Fund, have grown 18% to $64.4m.
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Willis, the global insurance and reinsurance broker and advisor, has established a new protected cell company (PCC) named Encore in Vermont, which its says is open to hosting and facilitating insurance-linked securities (ILS) transactions.
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Our latest quarterly report looking at issuance in the catastrophe bond and insurance-linked securities (ILS) market has now been published. The report titled ‘Q3 2015 Catastrophe Bond & ILS Market Report – A market making steady progress‘ reflects a quarter of strong and diverse issuance, as the market tries to keep up with investor demand.
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Speedwell Weather, a provider of weather data, forecasts, analytics, software and consultancy to the weather risk management and derivatives market, has launched a new platform which it hopes will help facilitate weather hedging for energy industry players.
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Category 3 hurricane Joaquin has intensified a little further, with sustained winds now 125mph at 11am EDT, 3pm UTC. Joaquin is a severe threat to the Bahamas, currently passing over some of the islands and poses a landfall threat to the U.S. either later this weekend or early next week, but with the forecast track […]
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The catastrophe bond and insurance-linked securities (ILS) market has continued its path of evolution during 2015, underlined by strong issuance, the rise of cat bond lite transactions, and its ability to offer a growing range of solutions, according to Property Claim Services (PCS).
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New York based Stone Ridge Asset Management, the beta and alternative risk focused mutual fund manager, has again grown its insurance-linked securities (ILS) and reinsurance linked assets under management, now hitting $3.713 billion, up 13% between May and the end of July.
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As the re/insurance industry looks for ways to navigate a testing market, innovation into emerging, underinsured risks can be a key avenue for growth, but to cover the exposures really threatening the industry alternative reinsurance capital is essential, says Mike McGavick.
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Bermuda-headquartered CATCo Investment Management, the reinsurance and retrocession linked investment and fund manager, has launched a new placement programme and an initial placing, as it seeks to raise new equity capital for its flagship listed fund.
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Warren Buffett’s Berkshire Hathaway Inc. and National Indemnity Company have reduced their shareholdings in reinsurance firm Munich Re to 9.7%. Previously, the two firms held around 12% of the share capital of Munich Re.
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