Analysts at KBW highlight that because the latest mortgage insurance-linked securities (ILS) deal sponsored by Bermudian insurance and reinsurance firm Arch Capital attaches so high up, the deal will not deliver the Private Mortgage Insurer Eligibility Requirements (PMIERs) capital credit its previous mortgage ILS have.
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Insurance and reinsurance broking group Aon has announced the launch of a Capital Partners team, that will work to expand access to third-party reinsurance capacity to its clients.
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ILS Capital Management Ltd., a Bermuda headquartered ILS fund and reinsurance investment manager, has successfully completed a landmark securitisation that reduces the level of trapped capital affecting its ILS funds and returns capital to investors, seeing it as the first ever securitisation of trapped ILS capital.
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A repeat of 2005’s hurricane Katrina hitting in an identical manner with exposure values as we see them now but with greater influence from climate change factors, could drive an economic loss of as high as $200 billion, according to analysis from Swiss Re.
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We’ve published a new Artemis Live video interview, featuring Peter Giacone, Managing Director and Global Head of Insurance at Kroll Bond Rating Agency (KBRA), who joined us to discuss evolving investor appetites and the ILS market.
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P&C insurance and reinsurance company reported losses and IBNR reserves related to the COVID-19 coronavirus pandemic have now reached almost $25 billion, according to data collected by advisory PeriStrat LLC and augmented by our own research.
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The chance that hurricanes making landfall in the United States during the 2020 Atlantic tropical storm and hurricane season has become even more pronounced with the latest forecasts, but remains less elevated than the chance of it being a far above average hurricane season from an activity point of view, according to ILS investment manager […]
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Jupiter, a tech company focused on provision of predictive data and climate risk and resilience analytics that counts the largest ILS fund manager Nephila Capital as one of its investors, has launched a new product that it boasts provides “analytics of physical climate risks for the entire planet.”
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MiCRO, the Microinsurance Catastrophe Risk Organisation, an index-based and parametric insurance company established in Barbados and founded by Fonkoze and Mercy Corps with the support of Swiss Re, has made payouts in two countries following the extreme rainfall caused by tropical storm Amanda earlier this season.
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Insurance claims filed after the recent devastating explosion in the port area of Beirut, Lebanon have already amounted to US $425 million and government sources suggest only around a quarter of claims have been filed so far.
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Praedicat, an insurtech risk modelling and analytics company for the casualty insurance and reinsurance space, has warned that its analysis shows that casualty-lines related litigation from the Covid-19 pandemic is now beginning to be seen.
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The Lloyd’s insurance and reinsurance marketplace has reached a key moment, as capacity withdraws and rates increase significantly, making now the right time for prudent growth and, for Helios Underwriting, ILS style capital is a target, according to its CEO.
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Hurricane Isaias’ impacts could drive insurance and reinsurance industry losses of up to $5 billion, according to an estimate from catastrophe risk modelling specialist RMS.
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Markel CATCo Investment Management’ in run-off retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., is expecting another significant release of trapped capital, with another $37.9 million from its side pockets set to be returned to investors.
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