In reporting its results this morning, specialist underwriter Hiscox Group said that net inflows into its Hiscox ILS business had allowed the company to capitalise on the hard market in North American catastrophe reinsurance and retrocession in the first-quarter.
Read the full article
Global reinsurance firm Swiss Re has reported a net loss of $248 million for the first-quarter of 2022, as $524 million of natural catastrophe claims, $515 million of claims from the COVID-19 pandemic and reserving for potential losses from the war between Russia and Ukraine dented its performance for the start of the year.
Read the full article
A recently launched US mutual investment fund with a core focus on catastrophe bonds, is expanding its investment scope to include more types of insurance or reinsurance assets prior to its full launch, with the Ambassador Fund adding to its prospectus so it can take opportunities to begin gaining traction.
Read the full article
Universal Insurance Holdings, the Florida headquartered primary insurance carrier, is making good progress on securing its core catastrophe reinsurance arrangements in advance of the US wind season, according to its CEO Stephen J. Donaghy.
Read the full article
As issues continue to challenge the Florida insurance marketplace, Michael Stahel of LGT ILS Partners feels the upcoming mid-year renewals could be an optimal time to implement some needed changes.
Read the full article
American International Group’s (AIG) insurance-linked securities (ILS) and collateralized reinsurance investment manager entity, AlphaCat Managers, continued to grow its assets under management during the first-quarter of 2022, adding another $100 million to take it to $3.7 billion.
Read the full article
RenaissanceRe, the Bermuda headquartered reinsurance underwriting firm and third-party capital manager, has added just over $1.4 billion of capital to its range of insurance-linked securities (ILS) structures and joint-venture vehicles so far in 2022.
Read the full article
Global reinsurance company Hannover Re has reported a loss-challenged start to the year, as natural catastrophes and other man-made events eroded its large loss budget, while the company also set a low triple-digit million euro reserve for potential losses from the war in Ukraine.
Read the full article
As Everest Re hones its portfolio, to lower its property catastrophe exposure in a firming market, the company is finding this trade of more profit, for less exposure, to be an outstanding one, according to CEO Juan Andrade.
Read the full article
This new Artemis Live video saw us interviewing senior executives at insurance-linked securities (ILS) and reinsurance investment manager Aeolus Capital Management, to discuss their ongoing program of climate risk research and how that is playing into investment decision-making at the firm.
Read the full article
In order for progress to be made in reforming and fixing Florida’s property insurance crisis, analysts at Assured Research have said that the only way to move forwards may be for reinsurance underwriters to pull capacity from the state.
Read the full article
USAA has further upsized its latest catastrophe bond issuance to $430 million in size, demonstrating that investor appetite remained strong for the higher layers of its new Residential Reinsurance 2022 Limited (Series 2022-1) issuance.
Read the full article
Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance company, has increased its third-party and insurance-linked securities (ILS) assets under management to almost $918 million, while earning $61.4 million in fees from these activities in 2021.
Read the full article
American Integrity Insurance Company of Florida, Inc. has had to restructure its fifth catastrophe bond issuance, Integrity Re Ltd. (Series 2022-1), through which it is seeking Florida named storm and hurricane reinsurance protection from the capital markets.
Read the full article
