U.S. primary insurer Liberty Mutual has completed another transaction using its collateralized reinsurance sidecar vehicle Limestone Re Ltd., with a $240 million issuance featuring listed and privately placed sidecar notes.
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Issuance of catastrophe bonds and related insurance-linked securities (ILS) reached $3.61 billion in the second-quarter of 2019, as repeat sponsors, perils, as well as some returning faces, helped to deliver an above average Q2 and first-half of the year.
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U.S. primary insurance group FedNat Holding Company is benefiting from its increasing scale and diversification outside of Florida, as the firm gained catastrophe reinsurance synergies at its July 1st renewal when buying a $1.84 billion program this year.
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The insurance-linked securities (ILS) fund market and other collateralized reinsurance sources took a roughly 42% chunk of the latest renewal placed by Florida’s Citizens Property Insurance Corporation at June 1st this year.
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A collaboration between Oxfam in Sri Lanka, insurance and reinsurance broker Aon and insurtech blockchain solutions provider Etherisc has delivered a parametric weather insurance product that will make automated payouts to smallholder farmers.
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AXIS Capital, the global specialist re/insurer headquartered in Bermuda, has added another tranche of notes to its collateralised reinsurance sidecar vehicle Alturas Re Ltd., sponsoring a $39 million issuance, the third from the sidecar for 2019, we can reveal.
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Here are the ten most popular news articles, week ending 30th June 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 updates or get our email alerts for every article we publish.
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The subject of whether the two main government-sponsored enterprises (GSE’s) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should buy earthquake insurance was raised at a Senate hearing this week.
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City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio.
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We’ve now finalised the full speaker line-up and agenda for our fourth annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2019, held July 11th.
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In the last week a Derecho event and series of severe storms that drove hail, strong winds and tornadoes are expected to combine into another week where the insurance and reinsurance sector faces hundreds of millions of dollars in losses.
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Investing in insurance-linked securities (ILS) and other reinsurance linked assets that are broadly uncorrelated with wider financial markets are gaining in appeal, as alternative asset class allocations grow and a focus on ESG quality assets increases.
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Following its successful capital raise, Insurance Acquisition Corp. (NASDAQ: INSUU) is looking to find a model which is angled towards the future and sees interesting possibilities in various types of risk transfer entities, according to John Butler and Amanda Abrams.
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Russell Higginbotham has been appointed as the new CEO of Swiss Re’s Asia Reinsurance division and also Regional President, as the incumbent Jayne Plunkett is set to leave the company after almost 20 years.
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