One of the criticisms of the hedge fund or asset manager backed reinsurance business model is that some firms horde their capital, rather than deploying it to underwrite risk, but in Hamilton Re’s case that’s not true, said CEO Kathleen Reardon.
Read the full article
In a tiered reinsurance market, where large, globally diverse players occupy the top rung and more marginalised, smaller players are relegated, reinsurers should expect more desperate actions as lower tier reinsurers fight to maintain market share.
Read the full article
In recent years, insurers and regulators have sought improved transparency of risk modeling practices. For example, recent changes to insurer capital requirements outlined by Solvency II explicitly promote goals of transparency and risk model assessment.
Read the full article
The Governor of the Bank of England Mark Carney has spoken out on capital inflows into reinsurance, saying that a ‘soft cycle’ in the financial markets (referring to interest rates) is driving capital into reinsurance and causing a soft cycle there.
Read the full article
The Lloyd’s of London insurance and reinsurance market announced its half-yearly results today and reported improved profits, but a decline in gross written premiums, as the world’s oldest re/insurance market navigates the challenging environment.
Read the full article
The United Nations Climate Summit, held in New York this week, has seen the unveiling of a coalition convened to examine how to embed climate and disaster risk stress testing within banking and securities regulation, investment and accounting practices.
Read the full article
The issuing special purpose reinsurance vehicle of the first Turkish earthquake linked catastrophe bond Bosphorus 1 Re Ltd. has changed its official company name to Bosphorus Re Ltd., according to a Bermuda Stock Exchange announcement.
Read the full article
The London Stock Exchange listed shares of the DCG Iris London-listed insurance-linked securities (ILS) fund will soon be no more, after its investors approved a proposal to wind-up and liquidate the ILS fund’s assets today.
Read the full article
Swiss Re, one of the world’s largest insurance and reinsurance firms, has made a pledge at the UN Climate Summit in New York to make $10 billion of its capacity available, as well as offering its expertise, to help nations strengthen their climate resilience.
Read the full article
An interesting initiative which could result in an increased understanding of disaster exposures and need for risk transfer as a result, is a partnership between risk modeller RMS and 100 Resilient Cities — Pioneered by The Rockefeller Foundation (100RC).
Read the full article
The London Stock Exchange listed shares of the DCG Iris London-listed insurance-linked securities (ILS) fund have been suspended from trading as an extraordinary general meeting takes place this morning to decide on the funds winding up.
Read the full article
Insurance and reinsurance rating agency A.M. Best has now published the final version of its insurance-linked securities (ILS) market focused criteria report titled “Rating Reinsurance/Insurance Transformer Vehicles.”
Read the full article
Nephila Capital, the largest asset manager providing investments in natural catastrophe and weather risk, has provided the risk transfer capacity for a wind variability hedge for a project aiming to be New York State’s first community owned wind farm.
Read the full article
There has been a lot of discussion lately about whether pension funds would be among the first investors to lose their attraction to the current market environment of lower reinsurance and catastrophe bond pricing by turning heel and exiting the sector.
Read the full article
