Reinsurance News

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation investment firm, has increased its stake in specialist tech-focused provider of personal insurance to high-net-worth clients Vault, participating in an acquisition of the company from owner Allied World.

While much uncertainty remains around both the ultimate economic and insured loss from the ongoing Covid-19 pandemic, the industry loss appears to be trending lower than initial projections and actually, the re/insurance and insurance-linked securities (ILS) sectors have fared quite well, according to industry experts.

A new study looking at the effects of climate change on hurricanes and tropical cyclones suggests that the insurance, reinsurance and insurance-linked securities (ILS) industry may need to prepare for storms that cause even wider swathes of damage and losses, with a warmer world linked to damage extending further inland.

Investors backing Lancashire Holdings third-party reinsurance and retrocession capital manager Lancashire Capital Management are being “supportive” as the key January renewals approach, according to the units CEO Darren Redhead.

Commercial property insurance price rises continued to accelerate higher in all regions around the globe during the third-quarter of 2020, with catastrophe exposed property seeing some of the largest rate increases, according to Marsh.

Insurance and reinsurance industry losses from wildfires burning across western U.S. states including California, Oregon and Colorado are together expected to have already reached beyond $8 billion, according to the latest report from Aon’s Impact Forecasting.

Obsidian Insurance Holdings, Inc., a recently launched program and fronting insurance holding company, has announced the A- A.M. Best rating of its excess and surplus (E&S) lines carrier.

The parametric insurance and risk transfer market is evolving rapidly and its ability to provide what are perceived as cleaner contract terms, as well as greater certainty, looks set to be increasingly attractive to alternative sources of reinsurance capital.

Reinsurance giant Swiss Re is forecasting that global insurance premiums will return to growth in 2021, after having contracted in 2020 due to the effects of the COVID-19 pandemic.

Hiscox Re & ILS, the international reinsurance and insurance-linked securities (ILS) arm of the global Hiscox Group, has announced the hiring of Marlon Williams in Bermuda as a senior underwriter of international property catastrophe risks.