Insurance-linked investments

Broking group Gallagher has filed a motion to dismiss the Vesttoo transaction related lawsuit brought against its reinsurance arm Gallagher Re by Porch Group, the owner of insurer Homeowners of America Insurance Company (HOA), saying that “the claim falls well short of the plausibility threshold.”

This video features the final insurance-linked securities (ILS) expert panel of the day at our Artemis ILS NYC 2024 conference, which was held in New York on February 9th 2024.

In a move signalling acceptance of alternative sources of risk and reinsurance capital in the market, the Lloyd’s Market Association (LMA) has named to its Board Adam Beatty, Chief Executive Officer of Nephila Syndicate, the Lloyd’s operation of ILS manager Nephila Capital.

Catastrophe bond new issuance continues apace in 2024 and has reached $12.1 billion including the latest deals to hit the market and settle today, which means the pace of issuance is now running 29% ahead of the prior year, according to the latest data from Artemis.

Today we wanted to give you an idea of who can meet at our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre. Register to attend.

The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, put additional capital into insurance-linked securities (ILS) in 2023, lifting its investments in the space above US $1 billion for the first time and growing them over 40% year-on-year.

R&Q Insurance Holdings Ltd. has this morning confirmed that it is filing for a provisional liquidation in Bermuda, raising questions over the future of its collateralised legacy sidecar vehicle Gibson Re.

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has added a new senior hire, taking experienced ceded reinsurance executive and leader Amy Stern from data-driven insurer Pie, to fill the new role of Chief Executive, Reinsurance.

With just a few weeks to go, we’re delighted to reveal the agenda and timings for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre.

For the catastrophe bond market, the 2024 Atlantic hurricane season could result in zero impact or significant losses, depending on where storms form, where they head towards, how much they intensify and where they make landfall, while the forecast data suggests a wide-range of possible loss outcomes, catastrophe bond investment manager Icosa Investments has said.