Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, is launching weekly auctions of industry loss warranties (ILW’s), with which it hopes to add efficiency to the process of ILW trading.
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The catastrophe bond market has been demonstrating its “positive diversification characteristics” during the ongoing Covid-19 coronavirus pandemic, according to specialist ILS fund manager Plenum Investments.
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Legal actions and efforts to enable businesses and also insurers to force through claims related to business interruption appear to be expanding, with potentially significant ramifications for some in the reinsurance and insurance-linked securities (ILS) market should any succeed.
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The Lloyd’s of London insurance and reinsurance market fell to an underwriting loss for the third consecutive year, reporting a combined ratio of 102.1% for 2019, while paying gross claims during the year that were higher than in the prior year.
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Welcome to the Artemis ILS New York 2020 conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ third event in the city.
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The first catastrophe bond to be sponsored in Singapore by U.S. primary insurer American Integrity will settle at the high-end of size targets of $150 million, but with pricing also at the high-end of guidance as investor demand for higher coupons persists in the market.
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With catastrophe bond trading in the secondary market having reached what may well be record levels on the back of the Covid-19 coronavirus pandemic related sell off, thoughts turn to how this significant increase in liquidity may impact the wider market over the coming months.
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Insurance and reinsurance brokerage Willis Towers Watson (WTW) has launched a tool to help risk managers assess their Covid-19 coronavirus property exposure in real-time.
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Carlisle Management Company, a Luxembourg headquartered global alternatives investment firm, has announced the successful deployment of its life settlements fund at above target returns.
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Property catastrophe reinsurance is expected to show limited exposure to the ongoing Covid-19 coronavirus pandemic, given in general an outbreak should not be covered under these treaty’s and programs. But rumours abound that attempts to force claims into a range of covers are being seen.
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The U.S. House Financial Services Committee, which oversees and makes recommendations on legislation relating to financial services including insurance, has called for the passing of a Pandemic Risk Insurance Act (PRIA).
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The Covid-19 coronavirus pandemic is having an evident effect on the catastrophe bond market, seen largely in the secondary market but with expected future ramifications for primary cat bond issuance market conditions as well, according to executives at Schroder-Secquaero.
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AIG, the giant insurance and reinsurance operator, has appointed Gero Michel to a new role that will see him heading up risk analytics across the reinsurance related brands of Validus, Talbot and the ILS specialist unit AlphaCat.
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Investors in Oxbridge Re NS Ltd., the fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd., are currently on track to earn a very healthy roughly 40% return for the current underwriting year.
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