capital markets

The Covid-19 pandemic is like a “live cat” for the reinsurance industry, one that will keep on driving losses, and this combined with the challenges caused by recent consecutive catastrophe loss years appears to have driven the market into a phase of “sustainable hardening,” analysts at JMP Securities have said.

The global reinsurance market will fail to make returns above its cost-of-capital due to the impacts of the Covid-19 coronavirus pandemic, Fitch Ratings has said following a review of ratings in the sector.

The Florida Hurricane Catastrophe Fund (FHCF) has decided not to renew its reinsurance program in 2020, citing reduced reinsurance market capital levels and in response to the firming marketplace.

The Texas Windstorm Insurance Association (TWIA) has lifted its target for the recently launched Alamo Re II Pte. Ltd. (Series 2020-1) catastrophe bond issuance, with as much as $400 million of reinsurance capacity from the capital markets now on the cards.

Bermuda headquartered, EXOR owned reinsurance company PartnerRe is targeting growth in catastrophe exposed underwriting opportunities and has created a new leadership role of CEO Global Cat, which it has given to current leadership executive Greg Haft.

Hudson Structured Capital Management Ltd., which undertakes insurance and reinsurance investment business as HSCM Bermuda Management Company, has become the eighth specialist ILS fund manager to join the Standards Board for Alternative Investments (SBAI) as a signatory.

We can’t speak for every reinsurance broking team that puts out a regular sheet of pricing indications for industry-loss warranty (ILW) protection, but many of the ones we’ve seen in the last couple of weeks (which include some of the bigger players) haven’t updated their price indications for Florida wind ILW’s since as far back […]

U.S. commercial property insurance rates are now rising at their fastest pace since 9/11, according to the Council of Insurance Agents & Brokers (CIAB).

The government of the Philippines will go back to the global reinsurance market to invite fresh bids to provide the capacity to underpin its roughly US $19.6 billion insurance of state-owned assets and infrastructure, with the application process now simplified somewhat.

The Texas Windstorm Insurance Association’s (TWIA) new catastrophe bond is the latest issuance to have shifted domicile to Singapore, with the special purpose reinsurance vehicle used for the transaction being named Alamo Re II Pte. Ltd.