As responsible and sustainable investing continues to gain traction, the insurance-linked securities (ILS) asset class is expected to play an increasing role, but it’s important that the sector tells its own environmental, social and governance (ESG) story.
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Global reinsurance giant Swiss Re has provided capacity to support a UK £3.7 billion longevity swap deal that uses a cell structure to intermediate the risk transfer for the ICL Group Pension Plan, one of the pension schemes of Fujitsu in the UK.
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While Gallagher’s CEO went to some lengths to explain that the acquisition of a $3.57 billion merger remedy package from Aon and Willis Towers Watson (WTW) is focused on growth rather than synergies, the deal will bring the firm significant synergistic opportunities in the insurance-linked securities (ILS) market.
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For our latest Artemis Live interview we were joined by Tom Johansmeyer, Head of PCS, to discuss the insurance-linked securities (ILS) market’s appetite to invest in strike, riot & civil commotion (SRCC) or political violence related reinsurance risks.
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Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, lifted the top of its reinsurance tower for earthquake losses by 18% to $1.65 billion and its reinsurance for hurricanes by 14% to $700 million, in a successful renewal placement.
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Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has continued to expand its underwriting within its market facilities unit, where the largely third-party capital backed Smart Tracker facility sits, growing that segment 35% during the first-quarter of this year.
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France-headquartered global reinsurance company SCOR has promoted experienced retrocession specialist Emmanuel Grandjean to the position of Head of P&C Risks.
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The pending acquisition of the majority of reinsurance broking unit Willis Re by Arthur J. Gallagher & Co. (Gallagher) will include insurance-linked securities (ILS) and capital market specialist unit Willis Re Securities.
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The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we’re told.
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The Willis Towers Watson (WTW) reinsurance related assets that Arthur J. Gallager (AJG) is purchasing are set to significantly expand the brokerages global reinsurance value proposition, CEO Pat Gallagher has said.
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Broking giants Aon and Willis Towers Watson (WTW) are one step closer to completing their planned merger, announcing the agreement of a sale of assets to rival Gallagher in a package valued at $3.57 billion and including reinsurance broking arm Willis Re.
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The overall insurance-linked securities (ILS) fund market averaged a 0.22% return for March 2021, which was above average for the month but seemingly impacted by losses booked by a number of collateralized reinsurance and retrocession focused funds.
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The Texas Windstorm Insurance Association (TWIA) has returned to the catastrophe bond market with a $250 million or larger Alamo Re Ltd. (Series 2021-1) transaction, which will go at least some of the way to renewing a soon to mature $400 million cat bond from 2018.
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The insurance industry and likely some reinsurance capital providers are facing a share of multi-billion dollar losses from severe thunderstorm related catastrophe impacts during the month of April 2021, broker Aon has said.
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