capital markets


Hamilton hires Sforza from PartnerRe to lead U.S. property reinsurance

Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, has announced the hiring of Brad Sforza, previously of PartnerRe, to the role of Head of Property Reinsurance for its U.S. reinsurance platform.Hamilton has been building out a U.S. property reinsurance platform within its Hamilton Re operation, with a read the full article →

Trapped ILS capital falls slightly, overall reinsurance capital rises: Hyperion X

The amount of insurance-linked securities (ILS) capital and collateral that is still trapped after recent catastrophe loss years has fallen only slightly, as some cat bond collateral in particular was released but fresh collateralised reinsurance and retro collateral was trapped by 2019 loss events.At the same time, overall global reinsurance read the full article →

Insurance & ILS are shock absorbers for climate, but need adjusting to the risk: McKinsey

Insurance products, reinsurance and insurance-linked securities (ILS) are all examples of financial shock absorbers for climate change risks, but while it can encourage behavioural change through the sending of price signals, a new report from McKinsey highlights the reality that the sector business models may need to change.Leaders in business, read the full article →

Allstate’s 2019 cat losses lower than prior two years at ~$2.6bn

U.S. primary insurance giant Allstate has ended the full-year 2019 with its pre-tax catastrophe losses amounting to just under $2.6 billion, lower than the prior two years and so far leaving its aggregate reinsurance protection untouched.Allstate has reported that its estimated catastrophe losses for the month of December 2019 only read the full article →

Hudson Structured lifts reinsurance & ILS assets to $2bn

Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has added another roughly 18% to its reinsurance AuM, lifting it to around $2 billion.HSCM Bermuda was launched and began investing in 2016, having been established by read the full article →

Trapped ILS capital & lack of retro not as big a renewal issue as expected

As the January 2020 reinsurance renewals fast approached the two issues of trapped ILS capital and dented retrocessional capacity proved not to be as big or impactful as anticipated, with the market still managing to clear, partly thanks to the increased appetite and re-entry of large traditional players.The January 2020 read the full article →

Commercial property rate increases accelerate to end 2019: IVANS

U.S. commercial property insurance rates continued to accelerate, in terms of rate firming or hardening, towards the end of 2019, with December seeing the highest monthly rate increases of the year.The IVANS premium renewal rate index shows that the fourth-quarter of 2019 saw a strong finish to the year for read the full article →

Climate & environmental issues are top global risks for 2020: Marsh & Zurich

For the first time in the history of the annual World Economic Forum's Global Risks Report all of the top five global risks in terms of likelihood are related to climate change and environmental issues.The report highlights the growing global awareness of the threat that climate related risks pose to read the full article →

Lloyd’s Performance Management Director Jon Hancock to depart

Jon Hancock, the Lloyd's of London insurance and reinsurance market's Performance Management Director is to step down in 2020 with no replacement for his position currently named.His role will be a tough one to fill in the market, given the wide-ranging expertise required to deliver on performance in a market read the full article →

ILS NYC 2020: Update on speakers, agenda & who’s attending

There is now just a few weeks to go until our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020. Here's our latest update on speakers, our updated agenda and more details on who you can meet on the day.We have almost 290 people now registered to read the full article →