Alternative reinsurance capital

Nephila Climate, the weather and climate risk and reinsurance focused unit of the largest insurance-linked securities (ILS) fund manager Nephila Capital, has named Maria Rapin as its sole CEO.

BMS Capital Advisory, Inc., the broker-dealer, investment banking, ILS and capital markets arm of insurance and reinsurance brokerage BMS, has announced a new senior hire as it continues to build out this area of its practice.

For our latest Artemis Live video interview we spoke with two senior Verisk Analytics execs with years of experience on the claims-side of the market, Mike Fulton, President of Xactware and Tom Johansmeyer, Head of PCS, about the recent winter storm and Texas freeze loss event.

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance group, continued to see success in its management of third-party sources of reinsurance capital and the use of insurance-linked securities (ILS) structures, with its assets under management rising to $800 million in 2020.

The efforts of the World Bank around disaster risk financing for its members continues to be a real benefit, and while the organisation can and will do more, this isn’t about being the dominant force in the market, according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury.

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has had its catastrophe bond, insurance private debt and life settlements investment funds all classified as ESG relevant under the EU’s Sustainable Finance Disclosure Regulation (SFDR).

The heightened use of indemnity structured transactions by corporates in the catastrophe bond arena is expected to open up the market, but for this to happen in a meaningful way, there’s likely need for some U.S. tax reform, according to Cory Anger, Managing Director of GC Securities.

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, continued to benefit from new capital inflows to its insurance-linked securities (ILS) fund strategies through 2020, with its combined ILS assets including London-based Coriolis now surpassing $2.5 billion.

At the upcoming mid-year reinsurance renewals our sources suggest there could be increased demand for reinsurance protection coming out of Florida, despite the delicate financial position of many insurance carriers focused on the state.

Here are the ten most popular news articles, week ending 28th March 2021, 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.