The Florida reinsurance renewals at June 1st 2022 could see opportunities emerge to selectively underwrite some retrocession contracts, as that segment of the market is expected to remain dislocated through the first-half of the year, according to commentary from Everest Re.
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Compared to the “great reload” after the significant impacts and losses associated with the 2017 hurricane season, after the 2021 losses investors have been more curious about what insurance-linked securities (ILS) managers are doing in response, according to Lorenzo Volpi, Managing Partner at Leadenhall Capital Partners.
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The influence of climate change on returns in the insurance-linked securities (ILS) market is uneven and ILS investment managers have access to the tools necessary to adapt to advancing climate risks, making it important that investors take a balanced-view, according to alternative asset advisors SIGLO Capital Advisors AG.
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The U.S. Federal Emergency Management Agency (FEMA) has now secured the $450 million upper-target for its new FloodSmart Re Ltd. (Series 2022-1) catastrophe bond, with the deal set to more than replace a maturing cat bond and lift the capital markets share of the National Flood Insurance Program’s (NFIP) reinsurance tower.
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Insurance bonds as an asset class are yet again showing their resilience amid recent market turmoil, while spreads have reset to levels last seen a few years ago, presenting an investment opportunity, Twelve Capital has said.
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The global insurance and reinsurance industry has moved from one that is “moderately value-creating” to one that “destroys value”, according to a new report from consultants at McKinsey.
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Reinsurance rates and pricing may rise faster than primary insurance through 2022 and 2023, according to a bullish forecast from analysts at investment bank Goldman Sachs.
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The in run-off retrocessional reinsurance investment funds that are managed by Markel CATCo Investment Management are heading back to the Bermuda Court this week to provide an update on recent developments.
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France-headquartered global reinsurance company SCOR has provided the capacity to back a UK £5.5 billion longevity swap arrangement for one of Lloyds Banks pension schemes, the reinsurers’ largest longevity reinsurance deal so far.
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In the second in a series of sponsor showcase video interviews for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed Thomas Nuth, the Vice President of Marketing at DeNexus, one of our Bronze sponsors for the conference.
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Insurance and reinsurance broking giant Aon will continue blurring the lines between broking and underwriting capital provider as it looks to replicate the success of initiatives such as its Client Treaty at Lloyd’s and the Marilla catastrophe reinsurance facility.
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Clarien Investments Limited (CIL), the asset management arm of Clarien Bank, one of Bermuda’s largest independent integrated financial services firms, has launched its first insurance-linked securities (ILS) fund and is tapping the expertise of established ILS managers by making it a fund-of-funds strategy.
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Universal Insurance Holdings, the Florida headquartered primary insurance carrier, has strengthened current accident year and prior year reserves as it seeks to mitigate the effects of inflationary pressures on loss cost trends, CEO Stephen J. Donaghy said.
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Global insurance and reinsurance giant Zurich reported that through 2021 it once again lent more heavily on reinsurance and retrocessional capital sources, ceding US $9.2 billion of property and casualty (P&C) premiums to them, an increase of 7% over 2020.
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