Reinsurance, specialty and wholesale broking group Ed has announced the hiring and appointment of John Turner (previously of Aon) as its new Chairman of Ed Bermuda.
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At a recent meeting of the Asia-Pacific Economic Cooperation (APEC) finance ministers the group reaffirmed their commitment to exploring capital market backed disaster risk transfer tools, as well as other forms of insurance or reinsurance.
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AXA XL, the global specialty insurance and reinsurance unit of the AXA Group, is returning to the catastrophe bond market for the first time since 2017, with a new Galileo Re Ltd. (Series 2019-1) catastrophe bond transaction that seeks at least $400 million of protection, but could grow much larger.
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Here are the ten most popular news articles, week ending 10th November 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updatesor get our email alerts for every article we publish.
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Cyber risk is set to be “growth compartment” for the insurance-linked securities (ILS) market, according to Michael Millette, who’s firm Hudson Structured has already underwritten a number of cyber deals on a collateralised reinsurance basis.
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The ongoing expansion of the insurance-linked securities (ILS) asset class is increasingly supported by government and NGO activity, while investors take advantage of a compelling ESG proposition, according to Andries Hoekema, HSBC Global Asset Management and Helen Goonewardene, HSBC Issuer Services.
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weatherXchange, the parametric weather risk transfer platform operated by specialist Speedwell Weather, has added another new capacity provider for the weather hedging products available through it, in parametric managing general agent (MGA) Skyline Partners.
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Athene Life Re’s recently capitalised sidecar vehicle for life and retirement investment opportunities, Athene Co-Invest Reinsurance Affiliate (ACRA), is a reflection of the innovation in Bermuda that led to the sidecar, applied to the life risks sector, according to Chairman Chip Gillis.
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USAA’s latest and 34th sponsorship of a catastrophe bond looks set to complete at a slightly upsized $160 million, with the multi-peril Residential Reinsurance 2019 Limited (Series 2019-2) deal now priced.
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Leadenhall Capital Partners LLP, the London headquartered insurance linked securities (ILS) and reinsurance related investments manager, has strengthened its Life and Alternative Credit team with a new hire and a key investment committee appointment.
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A blockchain based parametric weather insurance product has made its first payouts, after severe weather impacted smallholder farmers covered by the product in Sri Lanka.
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The Bermuda Stock Exchange (BSX) has a new investor in Miami International Holdings, Inc. (MIH), which has acquired a controlling stake in the Exchange and sees potential synergies between its platform and reinsurance, ILS and traded risk opportunities.
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At the upcoming January 1st 2020 reinsurance renewals the amount of ILS capital available for deployment could actually be slightly lower than a year prior, but the market looks increasingly healthy and the trajectory is positive, expert speakers said yesterday at a conference in Bermuda.
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The California Earthquake Authority, the not-for-profit residential earthquake insurance provider in the state, has returned to the capital markets to sponsor its first catastrophe bond of 2019, targeting around $400 million of quake reinsurance protection with an Ursa Re Ltd. (Series 2019-1) deal.
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