Asset manager Schroders Capital has given additional responsibility to its head of insurance-linked securities (ILS), with Stephan Ruoff now also becoming Co-Head of a newly formed Private Debt and Credit Alternatives (PDCA) business unit at the company.
Read the full article
Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) investment manager, has strengthened its business development and investor relations function with two promotions and two new global hires.
Read the full article
The Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case objects strongly to the insurtech’s plans to attempt to trade forward, calling these efforts a “wasteful pursuit” that is burning money that could be returned to those harmed by the extensive letter of credit (LOC) in reinsurance fraud.
Read the full article
Reinsurer Hannover Re believes that there could be a “meteoric” increase in demand for reinsurance, with over €10 billion of incremental demand possible if compulsory natural peril insurance was implemented in Germany.
Read the full article
Reinsurance market conditions are primed for an increasing turn towards alternatives, in sourcing capital and risk transfer solutions, according to Laurent Rousseau of Guy Carpenter.
Read the full article
Specialty player R&Q announced an agreement to sell its Accredited program management business to private equity investor Onex on Friday, a move that will see R&Q refocus on its legacy specialism, with its Gibson Re collateralised sidecar vehicle expected to play an even more core role going forwards.
Read the full article
Commenting on the outlook for the January 2024 reinsurance renewals, German reinsurer Hannover Re said this morning that further price increases are expected for natural catastrophe risks in its home country.
Read the full article
Here are the ten most popular news articles, week ending October 22nd 2023, 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 or get our email alerts for every article we publish.
Read the full article
The insurance, reinsurance and insurance-linked securities (ILS) market is not hard, at least not in the traditional sense of the phrase hard market, but it has experienced a generational shift, with the cost of reinsurance capital structurally reset at higher levels, according to speakers at the recent Convergence event in Bermuda.
Read the full article
As the Chapter 11 bankruptcy case of beleaguered insurtech Vesttoo continues, the latest is that insurance and reinsurance broking giant Aon has agreed that the Committee of Unsecured Creditors can conduct some legal discovery on its entities, including White Rock.
Read the full article
In a further sign of frequency hitting insurers at a time when they are generally retaining more risk, Italian insurance giant Generali has already exceeded its 2023 annual budget for catastrophe losses by the end of the third-quarter.
Read the full article
Across the first nine months of 2023 analysis from insurance and reinsurance broker Aon suggests there have already been 32 billion dollar insured catastrophe loss events, setting a new record, while severe convective storms (SCS) had driven over $60 billion of insured losses by end of September.
Read the full article
Property catastrophe reinsurance renewals at January 1st 2024 are anticipated to see continued firm pricing conditions, with reinsurers looking to hold the line on terms and attachment points, according to Guy Carpenter President and CEO Dean Klisura.
Read the full article
US primary insurer Allstate has updated on its catastrophe losses suffered through September and all of the third-quarter, which added to its Q2 tally takes the insurers pre-tax total for the first six months of the annual aggregate year for its catastrophe bonds to $3.88 billion.
Read the full article
