Reinsurance News

Metromile, the auto insurance focused technology company that recently listed on the Nasdaq after a SPAC acquisition, has added insurance and reinsurance linked investments specialist John Butler from Cohen & Co. to its Board.

Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, launched its first insurance-linked securities (ILS) fund featuring third-party capital at July 1st 2021 with just under $100 million in assets.

Assets under management (AuM) at the largest dedicated insurance-linked securities (ILS) specialist manager Nephila Capital rose to $9.8 billion after the second-quarter of the year, while revenues reported for the period were almost flat with the prior year.

Willis Towers Watson (WTW) continues to consider strategic options for the future of its reinsurance broking business Willis Re, the firm’s CEO John Haley explained just now.

Global insurer Generali revealed this morning that it has tapped into its reinsurance arrangements to help pay for natural catastrophe claims from the first-half of the year and that it expects to do so again for its share of the European flood losses from July.

As we approach the mid-point of the quarterly reporting season, a number of analyst firms are asking a very pertinent question. Where are the margin improvements in reinsurance, given the much improved rate environment?

Insurance holding company W. R. Berkley Corporation is making good use of its first collateralized reinsurance sidecar, now having ceded $139 million of property and casualty reinsurance premiums from across its business to the structure in its first year.

Hiscox Group, the specialist insurance or reinsurance underwriter and ILS capital manager, has successfully raised new insurance-linked security (ILS) capital inflows of $190 million, which it expects will drive higher fee income through the rest of this year.

In June and July we understand that loss creep related factors have continued to affect some insurance-linked securities (ILS) funds, particularly those focused on private collateralised reinsurance deals, as uncertainty persists over potential impacts from the COVID-19 pandemic and prior year catastrophe losses begin to crystalise.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager, has made an investment in a specialist flood underwriting managing general agent called reThought Insurance.