RLI Corporation, a traditional specialty insurance and reinsurance company, has expanded its property underwriting in recent quarters, as it seeks to grow into this firming marketplace, driving a need for more catastrophe reinsurance.
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Having forecast that the catastrophe bond market could turn neutral towards the end of 2021 earlier this year, the latest data from Lane Financial shows that rate trajectory did pull-back in the final quarter of the year, with the year ending in relatively muted fashion.
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MetLife, Inc., one of the largest life and annuities insurance groups in the world, has provided reinsurance to cover $2.4 billion of pension fund related longevity risk for European pension and life consolidator Phoenix Group.
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Senior executives at investment specialist Neuberger Berman have highlighted insurance-linked securities (ILS) as an alternative asset class that should be particularly attractive to investors at this time.
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Global insurance and reinsurance market losses from natural catastrophes and severe weather events were almost five times the ten-year December average, as the impacts of the US tornado outbreak and Colorado wildfires continued to put the pressure on re/insurers, according to analysts at investment bank Jefferies.
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Allianz Risk Transfer (ART), the specialist and alternative risk focused unit of the Allianz global insurance and reinsurance group, is back in the catastrophe bond market seeking at least $100 million of annual aggregate and industry loss index based protection with a Blue Halo Re 2022 cat bond issuance.
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Swiss Re continued to expand its alternative reinsurance capital assets under management across the range of insurance-linked securities (ILS) structures it manages for 2022, with notable successes in growing sidecar commitments for its PGGM-backed vehicle and its multi-investor Sector Re sidecar.
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HSCM Ventures, the insurtech focused venture capital investing arm of reinsurance and transport focused asset manager Hudson Structured Capital Management, has led a $25 million Series B round for sensor-driven parametrics coverholder Parsyl.
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Managers of third-party reinsurance capital and insurance-linked securities (ILS) should anticipate a more challenging fundraising environment through 2022, as investor scepticism is currently high after recent years of catastrophe losses, according to RenaissanceRe CEO Kevin O’Donnell.
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Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has provided Series A investment capital and facilitated a $250 million lending commitment for a “buy now, pay later” focused insurtech named Ascend.
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International law firm Willkie Farr & Gallagher LLP has announced the hiring of David Luce, a senior lawyer with significant insurance-linked securities (ILS) experience, as well as experience of a range of alternative risk transfer and financing structures.
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AXIS Capital, the Bermuda-based globally-active insurance and reinsurance company, grew its managed premiums year-on-year in 2021, resulting in a corresponding increase in fee income from its activities with so-called Strategic Capital Partners.
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Roosevelt Road Re, an expansive Bermuda based reinsurance company launched with a partnership with US MGA Tradesman, has announced the hiring of Darren Bailey, an executive with ILS and capital markets experience.
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After another challenging year of catastrophe losses in 2021, Bermuda based reinsurance firm and third-party capital manager RenaissanceRe went into the January 2022 renewals with its Upsilon collateralized reinsurance and retrocession vehicle significantly smaller than the prior year, its CEO revealed today.
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