capital markets


Howden calls to unlock $1.5 trillion of pension capital for climate risk

As much as $1.5 trillion of pension fund and private capital could be unlocked to cover climate related risks and perils according to broking group Howden, which is calling on the risk transfer industry to  "change insurance for (social) good." Howden has looked back to previous research that found that the read the full article →

Global minimum tax may reduce Bermuda’s competitive advantage: Fitch

The net profitability gap between Bermuda and non-Bermuda incorporated companies may narrow over time given the expected passage of the OECD-driven multilateral agreement to establish a 15% global minimum tax rate, according to Fitch Ratings. The rating agency warns that this will erode Bermuda's competitive tax advantage at the margin, perhaps read the full article →

Tremor enhances risk transfer user experience with Marketplace 2.0

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced the launch of Marketplace 2.0, a new iteration of its software that has been redesigned with risk transfer users in mind. Tremor said that its team have been hard at work in recent months refreshing read the full article →

Taussig Capital Re aims to bring non-traditional capital to re/insurers

Taussig Capital Re has been launched as a Puerto Rico licensed reinsurance company, with a promise to bring non-traditional sources of capital to insurer and reinsurer clients. Launched by well-known industry executive Joe Taussig, the former CEO of Multi-Strat Holdings and the strategist behind a number of major hedge fund entries read the full article →

NMI sponsoring $364m Oaktown Re VII mortgage insurance-linked notes

Mortgage insurance group NMI Holdings, Inc. has returned to the capital markets to sponsor its second mortgage insurance-linked notes issuance of the year, targeting an almost $364 million source of collateralised mortgage reinsurance with an Oaktown Re VII Ltd. transaction. Earlier this year, NMI sponsored its largest issuance of mortgage insurance-linked read the full article →

Beazley announces launch of ESG syndicate-in-a-box at Lloyd’s

Beazley has now received in principle approval from Lloyd’s to establish its planned ESG focused consortium that will sit under its Market Facilities unit and leverage some third-party capital to underwrite risks that have been scored against environmental, social and governance (ESG) metrics. The ESG underwriting consortium will sit within Syndicate read the full article →

Florida market “unsustainable”, reinsurance rates to increase in 2022: Citizens CEO

Florida's homeowners insurance market is experiencing "unsutainable" conditions and the consistency of loss across the marketplace is seen as "staggering", according to the CEO of Florida’s Citizens Property Insurance Corporation Barry Gilway. Speaking in front of a Florida House subcommittee on Insurance and Banking this week, Florida Citizens CEO Gilway said read the full article →

Hudson Structured promotes Kerr to Head of Valuations

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has promoted one of its employees, Charlotte Kerr, to the position of Head of Valuations. Kerr has worked at Hudson Structured Capital Management (HSCM) since 2019, having joined the firm as an Associate. She was then read the full article →

Schroders finds 10% of institutional investors to increase ILS allocations

A new study of institutional investors from around the world by global asset management group Schroders has found that 10% of respondents plan to increase their allocations to insurance-linked securities (ILS) over the next year. Schroders annual Institutional Investor Study features the perspectives of 750 institutional investors, including corporate and public read the full article →

Blackbird ILS Marketplace registered in Bermuda

A new insurance-linked securities (ILS) marketplace provider has been registered in Bermuda and has joined the regulatory sandbox of the Bermuda Monetary Authority (BMA), with the Blackbird ILS Marketplace promising to bring securitized cyber and specialty lines business to investors in a fixed income format. Little is known about Blackbird ILS read the full article →