insurance linked securities


Cat bond market liquidity slows, as bid list fails to fully trade

Catastrophe bond market liquidity appears to have slowed towards the end of this week, evidenced by one of the latest bid lists of cat bonds available for sale failing to fully trade, suggesting a perhaps growing gap between buyer and seller price targets.As we've been explaining in our coverage, the read the full article →

American Integrity the most consistent Florida cat bond sponsor: Anger

Primary insurer American Integrity Insurance Company (AIIC) has proven itself the most consistent catastrophe bond sponsor among Floridian carriers since 2017, according to Cory Anger.Having recently sponsored a successful fourth catastrophe bond issuance, American Integrity is the only Florida domestic market insurer to have tapped the capital markets four years read the full article →

Obsidian launches as fronting conduit to reinsurance & alternative capital

Obsidian Insurance Holdings, Inc., has been launched as a new fronting insurance holding company with $100 million of capital, that aims to become a conduit to connect risk with reinsurance and alternative capital.Launched by private equity specialist investor Genstar Capital in partnership with management, Obsidian Insurance will be run by read the full article →

Nephila backed Blenheim Underwriting to launch managing agency

Blenheim Underwriting, the Lloyd's focused insurance and reinsurance underwriter that counts ILS specialist Nephila Capital as a key backer, is launching a managing agency which will help the company better manage the connection of its risks to a wide range of capital providers.When Blenheim launched its syndicate 5886 at Lloyd's read the full article →

Investor interest can survive pandemic cat bond loss: Seo, Fermat Capital

The World Bank’s pandemic catastrophe bond issuance looks increasingly likely to suffer a significant loss of investor principal due to being triggered by the ongoing Covid-19 coronavirus outbreak, but John Seo of Fermat doesn’t think that will dent investor appetite for the risk.As we explained in this recent article, it read the full article →

Covid-19 impacts likely to enforce ongoing reinsurance firming: Schroders

The ongoing Covid-19 coronavirus pandemic is expected to have an impact on future reinsurance renewals, with the volatility it has caused expected to enforce ongoing firming of rates and pricing, according to executives at Schroders.Reinsurance rates have been on the rise anyway, as the industry on both traditional and alternative read the full article →

Frontier Advisors hires ex-QIC ILS portfolio manager Joe Clark

Frontier Advisors, an Australian independent investment consultant, has announced the hiring of Joe Clark, who was most recently an insurance-linked securities (ILS) portfolio manager for the Queensland Investment Corporation (QIC).Frontier Advisors provides consultancy to institutional investors who collectively manage more than $410 billion in assets, across numerous asset classes.Reinsurance and read the full article →

Cat bonds demonstrate positive diversification characteristics: Plenum

The catastrophe bond market has been demonstrating its "positive diversification characteristics" during the ongoing Covid-19 coronavirus pandemic, according to specialist ILS fund manager Plenum Investments.The catastrophe bond asset class is one of the best defensive asset classes in these times of financial market volatility and great uncertainty, with the cat read the full article →

Legal action to force coronavirus business interruption claims expands

Legal actions and efforts to enable businesses and also insurers to force through claims related to business interruption appear to be expanding, with potentially significant ramifications for some in the reinsurance and insurance-linked securities (ILS) market should any succeed.It largely comes down to contract wording interpretation and the understandable desperation read the full article →

Lloyd’s in 2019 underwriting loss, as Covid-19 shows in solvency measure

The Lloyd's of London insurance and reinsurance market fell to an underwriting loss for the third consecutive year, reporting a combined ratio of 102.1% for 2019, while paying gross claims during the year that were higher than in the prior year.Lloyd's has struggled with its underwriting performance in recent years read the full article →