Insurance-linked investments

AXIS Capital Holdings, the Bermuda domiciled specialty insurance and global reinsurance firm, has promoted Martin McCarty to the role of Global Treasurer, which will see him assist the Risk Funding unit and the firm’s growing strategic capital partners pool of investors.

The Horseshoe Group managed private catastrophe bond and insurance-linked securities (ILS) issuance vehicle Eclipse Re Ltd. has completed its sixth transaction of 2019, taking the total risk capital issued using the transformer to just shy of $280 million for the year so far.

Speaking yesterday to an audience at the InsureTech Connect conference in Las Vegas, Markel Co-CEO Richard Whitt explained that his company is going all in on insurance-linked securities (ILS).

Having already developed the first parametric insurance policy to insure and enhance the resilience of a coral reef section of the Mesoamerican Reef in Mexico, The Nature Conservancy (TNC) is now looking to expand the product’s reach into Florida and Hawaii.

Insurance-linked securities (ILS) investors and third-party capital providers are “disciplined participants” in the global insurance and reinsurance market, according to AXIS Capital CEO Albert Benchimol.

Mark Carney, the Governor of the Bank of England, discussed the role of insurance and reinsurance technology as an essential financial took to smooth the world’s transition to a 1.5 degree world and highlighted the role of insurance-linked securities (ILS) within that.

A newly launched Coalition for Climate Resilient Investment is set to bring together significant investment and risk industry expertise, with goals including to properly price climate risk, align investment flows with resilience initiatives and to introduce resilience bonds.

Lloyd’s has developed a new parametric insurance policy for the hotel industry with a trigger that does not require a named peril to have occurred, rather paying out based on a decline in revenues being recorded.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager that undertakes its insurance investment business as HSCM Bermuda, has raised new capital from two U.S. state retirement system pension funds in recent months.

Experienced insurance-linked securities (ILS), insurtech and reinsurance convergence focused executive and lawyer Michael Halsband has moved firm to join McDermott Will & Emery as a Partner in its New York practice.