According to international broking group Howden and specialty insurance and reinsurance firm Fidelis, writing business for higher ESG rated counterparties tends to lead to better underwriting performance.
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Since January 2020, storms and floods impacting Australia have driven more than three-quarters of a million claims and an enormous AU $12.3 billion of losses to the insurance and reinsurance market.
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Global reinsurer SCOR and insurer Zurich have both participated in the completion of a £1.7 billion longevity swap and reinsurance arrangement for a UK pension fund.
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According to market sources, Aeolus Capital Management is expected to be able to provide a significant degree of continuity to its clients at the upcoming reinsurance renewals and throughout 2023.
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According to the latest data published by the U.S. Federal Emergency Management Agency (FEMA), insured claims paid by its National Flood Insurance Program (NFIP) from recent major hurricane Ian have only reached $793 million so far.
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Broking giant Aon has announced a reshuffle of some key Asia Pacific leadership positions within its Reinsurance Solutions division.
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Conduit Re, the reinsurance start-up that launched in time for the January 2021 renewals, is setting out its stall for expansion into the property treaty underwriting space, with a new senior hire in Peter Kiernan who joins the firm as Head of Property.
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US primary insurance carrier Allstate is aiming to upsize its latest catastrophe bond, with the company now targeting up to $125 million of collateralized multi-peril catastrophe reinsurance from the Sanders Re III Ltd. (Series 2022-3) issuance.
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In the wake of hurricane Ian, the industry loss warranty (ILW) market faces its share of losses, which, alongside broader issues impacting reinsurance and retrocession capital availability, means ILW rates-on-line are now heading for all time highs, according to our sources.
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Today we are announcing the second wave of expert speakers who will be joining us at our next insurance-linked securities (ILS) conference, Artemis ILS NYC 2023 on February 10th in New York City. Please register soon to guarantee your place at the conference.
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Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has now received approval for the planned launch of an MGU and separation of this new underwriting and origination arm from its balance-sheet insurance businesses.
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Twelve Capital, the Zurich headquartered investment manager with a focus on insurance-linked securities (ILS), insurance and reinsurance linked investments, has had its Climate Transition Equity Strategy classified under Article 9 of SFDR.
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Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, continued to recover more of the ground lost since hurricane Ian, gaining 0.40% in the last week.
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The insurance-linked securities (ILS) market looks particularly attractive for 2023 on the back of rising premiums and tighter control over terms and structures, leading Michael Stahel of LGT ILS Partners to call the opportunity-set “truly exciting”.
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