insurance

According to Former Florida Senator Jeff Brandes, the implementation of a quota share model could effectively phase out Florida’s Citizens Property Insurance Corporation as an insurer, and transform the firm into a manager and distributor of risk, achieving the goal of “Citizen Zero.”

Lloyds Banking Group Pensions Trustees Limited has completed two new longevity swap transactions with Rothesay Life Plc, covering £5.1 billion of protection, with reinsurance capacity provided by Pacific Life Re International Limited, and an insurance subsidiary of US-based Prudential Financial, Inc.

As the cyber insurance-linked securities (ILS) market continues to expand, analysts at S&P Global Ratings have identified key factors influencing cyber ILS credit quality, including regulatory risks, policy terms, cedent risk, asset collateral, and modelling challenges.

Equity analysts from investment bank J.P. Morgan came away from a recent visit to companies in the London insurance and reinsurance market with the impression that underwriters feel there is plenty of headroom left in the higher attachment points still installed across the sector, despite inflationary influences on losses.

Despite global insured losses from natural catastrophes reaching $145 billion in 2024, the catastrophe bond market emerged largely unscathed, despite it being a heavy year for nat cat events, according to an analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched RiskInsight® Version 4.14, the latest version of its RiskInsight open loss modeling platform, which introduces advanced features and performance enhancements to support more precise risk analysis for insurers, reinsurers, and insurance-linked securities (ILS) managers.

Insured losses from the Los Angeles wildfires, which are currently estimated between $35-$50 billion, could support property catastrophe pricing heading into the mid-year reinsurance renewals, according to Goldman Sachs, however, analysts still expect mid-year rate trends to remain broadly in line with the January 2025 renewals.

This video features an expert panel discussing investment trends in private insurance-linked securities (ILS) at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.

RenaissanceRe, the Bermuda headquartered global reinsurer and third-party reinsurance capital manager, has built a “deep and persistent moat” around its fee income business, CEO Kevin O’Donnell believes, saying that demand from investors for access to its Capital Partners strategies is often greater than it can satisfy.

Allianz Commercial, part of global insurer Allianz, has announced the appointment of Lara Martiner as Global Head of Alternative Risk Transfer at Allianz Global Corporate & Specialty SE (AGCS), effective April 1st, 2025, succeeding Grant Maxwell, who is leaving the German insurer at the end of June.