capital markets

Some insurance-linked securities (ILS) funds have reported their third and in some cases have, or are set to report a fourth negative month of returns in a row, as greater clarity over the magnitude of losses from the European flooding and hurricane Ida continues to emerge.

Attitudes on pricing are generally seen as “bullish” as the January reinsurance renewals approach, with capacity availability and risk appetite seen as key factors, according to Head of Analytics at Howden unit HX, David Flandro.

Horseshoe, the Artex-owned Bermuda-headquartered insurance or reinsurance management, fund administration and insurance-linked securities (ILS) specialist, has hired Ben Wright as a Senior Vice President, Insurance Management.

The first parametric catastrophe bond to cover pure volcanic eruption risk, which was brought to market for the Danish Red Cross and is the first cat bond with a purely humanitarian focused payout strategy, has now been listed in Guernsey on The International Stock Exchange (TISE).

Global reinsurance market participants are anticipating broad firming at the upcoming January 2022 renewal season, with retrocession and property catastrophe risks seen as areas in need of price improvements.

According to CEO Jay Madhu, investors in the collateralized reinsurance sidecar vehicle of Oxbridge Re Ltd., the Cayman Islands based reinsurance firm, earned a 17% return for the year to end of May 2021.

The US commercial property insurance market has always been a good bellwether for broader conditions across insurance as well as reinsurance and after a catastrophe heavy third-quarter of 2021, the dynamics in that market continue to get more interesting.

In order to develop India’s International Financial Services Centre (IFSC) into a competitive global insurance and reinsurance hub, a committee has advised that offering regulated frameworks for insurance-linked securities (ILS) such as catastrophe bonds is critical.

IncubEx, the financial product and service development firm that counts its founder and Chairman as insurance and reinsurance entrepreneur, former Brit co-founder and now Conduit Re Chairman Neil Eckert, has acquired an insurtech as it targets environmental, sustainable and climate risk solutions.

The government of the United States should look to bring the catastrophe bond market onshore, in order to maximise the possible benefits of capital markets participation in insurance and reinsurance, according to John Seo of Fermat Capital Management, LLC.