insurance linked securities

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ILS “increasingly front & center” for investment & risk transfer: WTW

Insurance-linked securities (ILS) in their various forms are "increasingly front and center" when it comes to selecting risk transfer and investment options, broker Willis Towers Watson believes.The insurance and reinsurance broker surveyed the ILS market, both cedant companies and investors, to take the temperature of the market, finding that the read the full article →

Cat bond funds see record monthly returns on Dorian recovery

Catastrophe bond funds are reporting bumper September returns, in some cases beating their records, as they benefit from the full recovery of hurricane Dorian exposed cat bond valuations.When hurricane Dorian was intensifying rapidly on approach to the Bahamas right at the end of August the main risk models were suggesting read the full article →

RenRe’s Fibonacci Re ILS investors redeem more of their capital

Investors in RenaissanceRe's insurance-linked securities (ILS) vehicle Fibonacci Re Ltd. have been able to redeem some more of their capital, while one tranche has now been allowed to fully mature and the other extended further.RenaissanceRe, the Bermudian reinsurance firm and third-party capital manager, has been managing its Fibonacci Re Ltd. read the full article →

Arch’s mortgage ILS pass $4.7bn as $577m Bellemeade Re 2019-4 closes

The fourth mortgage insurance-linked securities (ILS) transaction of the year for Bermuda-headquartered re/insurer Arch Capital Group Ltd. takes its total issuance of mortgage ILS notes to over $4.7 billion, thanks to the $577 million Bellemeade Re 2019-4 Ltd. deal.As we reported over a week ago, Arch Capital returned to the read the full article →

Similar quake to Loma Prieta could cost re/insurers $27bn: RMS

If the Loma Prieta earthquake that struck California’s Central Coast on October 17th 1989 were to occur again today, the economic impact would be more than six times higher at $38 billion, while insurance and reinsurance carriers would face a more than four times larger bill at $4 billion, RMS read the full article →

Markel CATCo sets loss reserves for Dorian & Faxai, monitors Hagibis

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has now established specific loss reserves for recent catastrophes hurricane Dorian and typhoon Faxai.The manager also says it is monitoring more recent typhoon Hagibis, in case its impacts on Japan also warrant the setting up of any side pocket investments.Markel CATCo read the full article →

PG&E’s wildfire subrogation settlement may benefit some ILS funds

The recent announcement from Pacific Gas and Electricity (PG&E) of an insurance subrogation settlement totalling $11 billion may eventually provide some benefit to ILS funds that were exposed to losses from certain 2017 and 2018 California wildfire events.PG&E's equipment and infrastructure has been deemed liable for a number of the read the full article →

Hagibis + Faxai industry loss may be close to Jebi + Trami: Credit Suisse

An early estimate suggests that Japanese typhoon Hagibis could eventually drive in excess of $10 billion of insurance and reinsurance industry losses, which when added to the other recent typhoon Faxai could see the 2019 typhoon season leaving a larger dent in the industry than 2018's Jebi and Trami combined.It read the full article →

Nephila: Rebranded, 200+ people, almost 22 in age, but still the same

Nephila Capital has undergone its first full rebrand in its near 22 year history, as the largest manager of catastrophe, weather and climate insurance and reinsurance assets sets itself up for the future.Nephila Capital was launched in 1998 by its founders Frank Majors and Greg Hagood.Initially a part of insurance read the full article →

Horseshoe + Artex to create “ILS center of excellence” – CEO Perez

The combining of Horseshoe Insurance Services Holdings Ltd. and Artex Risk Solutions operations positions them to create an "ILS center of excellence" according to Horseshoe CEO Andre Perez.As we recently reported, Artex Risk Solutions is set to acquire Horseshoe, the Bermuda-headquartered specialist ILS, insurance or reinsurance manager and fund administrator, read the full article →