PartnerRe, the Bermuda headquartered, EXOR owned reinsurance company, is feeling the benefits from its increased haul of third-party reinsurance capital, according to CEO Jacques Bonneau.
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Vesttoo and Artemis have partnered to host a live webcast on May 25th 2021 where we will discuss and explain opportunities to hedge the next pandemic, using parametric risk transfer, facilitated through the use of data and technology, as well as capacity from the capital markets.
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A new sponsor is coming to the catastrophe bond market in St. Johns Insurance Company, a Florida and South Carolina focused homeowners carrier that is seeking $100 million of collateralized reinsurance with a Putnam Re Pte. Ltd. (Series 2021-1) transaction.
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Bermuda headquartered ILS fund and investment manager ILS Capital Management has provided a seed round of funding to commercial auto insurance tech startup Pouch, while also agreeing to let the insurtech use its insurance carriers and presumably its reinsurance capital as well.
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Insurance market losses from some of the larger catastrophe events to strike Japan over the last year have risen, with the latest figures for the July 2020 extreme rains, September 2020’s typhoon Haishen and January 2021’s snowfall event combining to near US $2.3 billion.
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Work continues on the first catastrophe bond for Jamaica and the World Bank has highlighted how the soon to be launched transaction will help to narrow the Caribbean nations natural disaster financing gap.
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Insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager Hudson Structured Capital Management Ltd. has invested in home insurtech company Kin Insurance for the third time.
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Global insurance and reinsurance firm Everest Re announced yesterday evening that long-standing underwriting and reinsurance leader John Doucette is to depart the company, with COO Jim Williamson now set to assume his responsibilities as Head of Reinsurance.
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AXIS Re, the global reinsurance underwriting unit of AXIS Capital Holdings Limited, has established a new property reinsurance focused division that will be led by Ann Haugh, while also naming segment Presidents for its four core divisions.
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US primary insurance giant Allstate is turning to the catastrophe bond market in search of occurrence reinsurance limit to fill out gaps in its program it seems, bringing a $200 million or greater Sanders Re II Ltd. (Series 2021-1) transaction to market.
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Ark Underwriting, a diversified insurance and reinsurance operation of financial services holding company White Mountains, shared a significant proportion of its first-quarter 2021 catastrophe losses with providers of third-party capital that back the companies underwriting.
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Ariel Re, the international reinsurance company that was taken private in a transaction last year, has hired Tim Shreeve from insurance-linked securities (ILS) specialist Nephila Capital in Bermuda.
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Arthur J. Gallagher is reported to be the likely buyer of a roughly $3 billion divestment package from rivals Aon and Willis Towers Watson (WTW) as the largest merger in insurance and reinsurance broking history continues to move towards a close. Update: A deal was announced on May 12th.
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Citizens Property Insurance Corporationis set to significantly increase the amount of capital market backed reinsurance it has in-force from catastrophe bonds, with its latest Everglades Re II Ltd. (Series 2021-1 & 2021-2) issuances now targeting between $800 million and $950 million of coverage.
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