Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has participated in a funding round for a health insurance start-up in Colorado named Friday Health Plans.
The use-cases for parametric triggers in insurance and reinsurance continue to expand, as parametric coverage gains in popularity and technology and data advances make more complex products possible, as evidenced by a recent launch from QOMPLX and Chaucer.
The Texas Windstorm Insurance Association (TWIA) is budgeting that it will require $1.88 billion of reinsurance limit in 2020, which will be split across its traditional property catastrophe reinsurance and catastrophe bond, but at higher rates as the insurer anticipates paying more for its 2020 renewal.
The leadership of insurance giant American International Group (AIG) has provided the market with a little insight into how it it sees the claims situation with typhoon Hagibis at this point in time.
Marsh-owned specialty managing general underwriter (MGU) Victor Insurance Holdings, previously known as the Schinnerer Group, is launching a third-party capitalised syndicate at Lloyd’s, which will give capital partners a way to access the returns of business underwritten by the firm.
Tremor Technologies Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has successfully brought $600 million of capacity to, priced and placed the property catastrophe reinsurance program renewal of carrier W. R. Berkley Corporation.
Demonstrating how challenging it can be to bring third-party capital into the Lloyd’s insurance and reinsurance market, Brit’s newly launched insurance-linked securities (ILS) fund strategy takes a roundabout route to connect the capacity with the returns of its underwriting in the market.
How much does it cost to strategise, design and implement a healthy and sustainable future for the Lloyd’s of London insurance and reinsurance market? UK £300 million, at least, it seems.
Primary insurance carriers are facing rising reinsurance costs and rating agency A.M. Best warns them to expect this to become an added pressure to their earnings, but not to increase their risk profiles by using less of it.
Pacific Gas and Electricity (PG&E), the wildfire liability California focused electrical utility company, has now agreed the last of its major settlements with wildfire claimants, with a $13.5 billion agreement with individuals removing another hurdle that has stalled subrogation payments from making their way to beneficiaries.
Insurance and reinsurance broking group BMS has made Pete Chandler its Chief Executive Officer of US Reinsurance, as former CEO Steve Korducki steps across into the Chief Financial Officer role.
There is a new reinsurance and insurance-linked securities (ILS) collateral trust provider in town, after Truist Financial Corporation was formed after a merger of equals between SunTrust and BB&T.
