Bermuda-based hedge fund backed reinsurance firm Third Point Re is looking to establish a U.S. presence, either through establishing a separate U.S. domiciled company or a Bermudian entity which is a U.S. tax payer, to improve access to business.
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The trajectory of commercial property and casualty (P&C) insurance rates in the U.S. continues to be upwards, but rate increases have slowed dramatically coming in at a 1% year-on-year increase in August and may turn to negative later this year.
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Specialist Bermuda-based insurance-linked securities servicing, management, transformation and fronting firm Horseshoe Group has hired and appointed Brenton Slade, an ex-Flagstone Reinsurance executive, as its Chief Operating Officer.
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Here are the ten most popular news articles, week ending 7th September 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.
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More details on the recently launched Golden State Re II Ltd. catastrophe bond transaction have come to light, showing how time of day is a key factor of a qualifying earthquake, with the publication of a pre-sale report from Standard & Poor’s.
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One of the interesting developments to note in the catastrophe bond and insurance-linked securities (ILS) market in the last couple of years is the growth of sponsor-friendly structures, such as the variable reset.
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One of the world’s leading risk and reinsurance broking specialists, Guy Carpenter & Company LLC (GC), has launched a new pioneering probabilistic hail risk model for Europe, the G-CAT Hail Model.
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Malta, which is seeking to become a domicile for the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector, has launched a proposal which aims to bring together the special purpose reinsurer concept with protected cells.
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Insurance-linked securities (ILS) industry veterans Stefano Sola and Richard Pennay have launched a new technology focused ILS firm, Rewire Holdings LLC, seeking to increase efficiency in the syndication of catastrophe risk to reinsurance and capital markets.
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Because of its expected permanence, the growth of alternative, or third-party, reinsurance capital is being considered a credit negative for traditional reinsurers by rating agency Fitch Ratings.
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Specialist catastrophe bond and insurance linked investment manager Fermat Capital Management has implemented risk modeller AIR’s Touchstone platform to perform analysis on its catastrophe-linked ILS financial instruments.
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Verisk Insurance Solutions – Underwriting, the property casualty underwriting data unit of Verisk Analytics, has released a detailed analysis report looking at the impact and severity of hailstorms events across the U.S. over the past 14 years.
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DCG Iris, a London-listed insurance-linked securities (ILS) fund, marketed and run by Dexion Capital with Credit Suisse’s ILS team providing ILS asset management services, is soon to exist no more as the company is set to be wound up.
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The global reinsurance industry is looking at a period of structural change and reduced margins, as the industry comes to terms with the new environment of excess capacity, both traditional and alternative, higher competition and lower rates.
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