PartnerRe, the Bermuda headquartered reinsurance company, has retained an important investment into its third-party capital vehicles from former owner Exor and reported a growing P&C reinsurance business at a profitable combined ratio.
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Global reinsurance company Hannover Re has continued its strong growth through the first-half of 2022, with the firms gross premiums written growing by almost 20% across the group and 26% in the P&C reinsurance business.
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As a rating agency and scorekeeper of record for insurance carrier financial stability, Demotech is not the problem in the challenged insurance markets, such as Florida, Louisiana, or elsewhere, according to Steve Menzies, Chairman of Applied Underwriters.
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Insurance holding company W. R. Berkley Corporation has significantly expanded its use of the Lifson Re collateralized reinsurance sidecar vehicle during the first-half of 2022, ceding much more in the way of premiums to investors through the structure.
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United Property & Casualty Insurance Company (UPC), a carrier of the United Insurance Holdings Corp. group, has become the first downgraded carrier in Florida to become eligible for support via the Citizens guarantee arrangement.
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The announcement today of a new insurance-linked securities (ILS) structure for the Lloyd’s of London insurance and reinsurance market brings much greater flexibility to the way Lloyd’s participants can access the capital markets and investors access risk from underwriters in the market.
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For global reinsurance firm RenaissanceRe, the Medici catastrophe bond focused investment fund strategy has been one of its sources of growth in third-party capital assets under management in recent years, a trend that continued in 2022.
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Markel’s flagship insurance-linked securities (ILS) fund management operation Nephila Capital saw another significant rise in catastrophe reinsurance premiums underwritten during the second-quarter of 2022.
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Hiscox ILS, the insurance-linked securities (ILS) and collateralised reinsurance underwriting and investment management unit of the Hiscox Group, had significant fund-raising success through the second-quarter of the year, lifting its ILS assets under management to $1.9 billion.
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Lloyd’s of London will today announce a significant expansion of its London Bridge insurance-linked securities (ILS) platform, with a plan to welcome more capital, new types of reinsurance transactions and make the transfer of different kinds of risks to capital market investors simpler.
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US property & casualty insurance giant The Travelers Companies was “pleased” with the reception its latest catastrophe bond received in the market, as it increased the amount of reinsurance cover it has from capital market cat bond investors during its latest renewal.
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The state of Louisiana is concerned the reinsurance market could begin to reject its property risks, with the Insurance Commissioner saying he feared a “redlining” after consecutive major hurricane loss years and other market challenges.
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There’s still time to secure a ticket for Artemis London 2022, our first insurance-linked securities (ILS) conference in the City, which is being held on September 6th 2022, just before the industry heads to Monaco for the RVS.
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Property insurers based and operating in the state of Louisiana have continued to see the claims tally from last year’s hurricane Ida creep higher, with the total loss now reaching $13.1 billion, according to the state’s Insurance Commissioner.
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