Insurance-linked investments

The growing pressure on corporations to take greater responsibility for the climate related risks and exposures they carry could present an opportunity for insurance and reinsurance market participants to demonstrate innovation in product design, according to Aon’s Greg Lowe.

Yesterday Artemis held its fourth annual insurance-linked securities (ILS) conference in Singapore. ILS Asia 2019 saw 180 attendees from across the globe converge on the country, to hear insightful discussions on the state of ILS in Asia.

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance player, has announced that its CEO Sean P. Downes is stepping into an Executive Chairman role, with his position to be filled by Chief Operating Officer, Stephen J. Donaghy.

Bermudian reinsurance firm RenaissanceRe has promoted Matthew Neuber to the position of Corporate Treasurer, taking on the role from Aditya Dutt who remains the lead on RenRe’s Ventures business (which includes much of the firms ILS activities), as well as corporate development and M&A.

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has named Alex Shepherd as the new active underwriter for the syndicate.

At the recent mid-year reinsurance renewals, insurance-linked securities (ILS) funds were seen to have become increasingly discerning, as they adopted a more differentiated approach to how they underwrote their portfolios.

Underpinned by innovative catastrophe bond transactions and increased awareness and understanding of sustainable and ethical investing, the insurance-linked securities (ILS) space is more than just a portfolio-enhancing asset class.

Entropics Asset Management AB, the Swedish manager of a catastrophe bond fund, has formalised its focus on cat bonds as responsible investments, as it specifies investments as such in its prospectus and expects to report how cat bonds it holds contribute to the sustainable development goals (SDG’s).

Super early bird tickets are now available for our next event in New York, Artemis ILS NYC 2020. Please register soon to secure your entry to the conference at the best possible price.

Allianz Global Corporate & Specialty (AGCS) has announced that previous Head of Global Crisis Management, Christof Bentele, has taken on a newly created position as Head of Global Client Management for the Alternative Risk Transfer (ART) line of business.