insurance

Logistics, warehousing and supply-chain focused real estate owner and investor Prologis, Inc. has turned to the catastrophe bond market to source earthquake insurance protection, with the company set to be the beneficiary of a $95 million or larger Logistics Re Ltd. (Series 2021-1) cat bond issuance.

Horseshoe, the Artex-owned Bermuda-headquartered insurance or reinsurance management, fund administration and insurance-linked securities (ILS) specialist, has hired Ben Wright as a Senior Vice President, Insurance Management.

The first parametric catastrophe bond to cover pure volcanic eruption risk, which was brought to market for the Danish Red Cross and is the first cat bond with a purely humanitarian focused payout strategy, has now been listed in Guernsey on The International Stock Exchange (TISE).

RenaissanceRe Capital Partners, the third-party capital management and insurance-linked securities (ILS) unit of Bermuda-headquartered reinsurance firm RenaissanceRe (RenRe), hired Lucy Briggs as Vice President and Head of Risk earlier this year.

The US commercial property insurance market has always been a good bellwether for broader conditions across insurance as well as reinsurance and after a catastrophe heavy third-quarter of 2021, the dynamics in that market continue to get more interesting.

Underwriting firm Chaucer has highlighted unpredictable patterns in weather, citing the fact that now some 16% of hurricanes, tropical storms and depressions hit northern US states, compared to just 12% 40 years ago.

The Australian Bureau of Meteorology (BOM) has declared La Niña conditions for the Pacific ocean, highlighting that the event could cause weather impacts in Australia and more widely, which has ramifications for insurance and reinsurance market interests.

IncubEx, the financial product and service development firm that counts its founder and Chairman as insurance and reinsurance entrepreneur, former Brit co-founder and now Conduit Re Chairman Neil Eckert, has acquired an insurtech as it targets environmental, sustainable and climate risk solutions.

For the developing world and countries highly exposed to climate related risks, resiliency and food security need to go hand-in-hand to enable better responses to climate disasters and the African Risk Capacity (ARC) has partnered with the Afreximbank to provide both together.

Recent historical natural catastrophe loss trends are driving an increasing focus on the sufficiency of reinsurance and retrocession, global broker Willis Re explained today.