U.S. primary insurer and global re/insurer Liberty Mutual has made two senior appointments in its Global Risk Solutions (GRS) division, promoting from within to Reinsurance CUO and hiring a new GRS CRO from Aspen.
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Insurance-linked securities (ILS) investors remain very selective about opportunities to allocate capital still, with loss creep issues still fresh in the memory, as well continued fears of volatile loss experienced and trapped capital, AM Best has said.
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DaVinci Reinsurance Ltd. (DaVinciRe), perhaps the best-known of the RenaissanceRe reinsurance joint-venture vehicles, is set to benefit from its access to risk through its parent, as well as higher rates on both sides of its business, according to rating agency Moody’s.
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While the insurance-linked securities (ILS) industry cannot avoid inflationary effects completely, the structures utilised have some tools embedded that allow ILS managers to tame the effects of inflation on their portfolios, according to Dirk Lohmann, Chairman, Schroders Capital ILS.
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The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and now other entities in Africa, wants to become the continent’s disaster risk financing provider of choice, but increasing its capacity and lowering-costs for country members remains key.
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The Texas Windstorm Insurance Association (TWIA) is set for another expansion of its policy count and exposure, as it readies to accept policyholders who’s cover is being cancelled due to the insolvency of Florida-headquartered insurer Weston.
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Lemonade, Inc., one of the highest profile insurtech firms, has renewed a catastrophe excess-of-loss reinsurance treaty at the July 1st renewals and also lowered its quota share cession rate for the second time.
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Global reinsurance company Swiss Re has appointed a Head of Portfolio Management at its new catastrophe bond focused SEC registered investment adviser, Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC).
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Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has appointed its first Chief Actuary, taking Anand Khare from insurer Chubb.
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According to the latest estimate and forecast for dedicated reinsurance capital from rating agency AM Best and broker Guy Carpenter, overall reinsurance market dedicated capital is expected to shrink, as traditional capacity falls, but ILS or third-party capital rises.
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At a recent climate finance focused event, Pakistan’s Minister for Climate Change, Sherry Rehman, called on international governments to place climate finance and losses at the heart of COP 27 talks next year, with catastrophe bonds one instrument seen as having a role.
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Here are the ten most popular news articles, week ending August 14th 2022, 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.
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In recent months, if you’re interested in insurance-linked securities (ILS) or active in the ILS marketplace, you could not have missed the widely discussed issues of spread widening seen in catastrophe bonds, or the hardening of reinsurance pricing and how that spills over to ILS rates and returns.
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Peak Re, the Hong Kong based global reinsurance company, has announced the promotion of Piotr Nowakowski to become the new Chief Underwriting Officer (CUO) of the company.
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