insurance

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities, is a regular participant in wind energy proxy revenue swap deals, alongside transaction partner Allianz Risk Transfer (Allianz ART).

Insurance and reinsurance companies in Bermuda have been using increasing amounts of reinsurance, in particular property catastrophe, quota shares and property per risk contracts.

A number of insurance-linked securities (ILS) fund managers have adjusted their Japanese typhoon Hagibis loss reserves or side pockets in November, resulting in some positive and negative movements, we understand.

The longevity swap market could see a record volume of transactions in 2020 as market conditions look set to make hedging longevity risk particularly conducive, while insurance and reinsurance capital abundant and appetite for large longevity risk transfer deals high.

The General Insurance Association of Japan (GIAJ) has updated its numbers on recent catastrophes, now saying that domestic insurers in the country have paid out US $6.83 billion in claims for typhoon Faxai, typhoon Hagibis and a heavy rainfall event that closely followed these storms.

The world’s largest institutional investors are increasingly vocal about the need to accelerate efforts to tackle the climate crisis, with many of the same group also contributing a significant proportion of the insurance-linked securities (ILS) market’s capital base.

The Ontario Municipal Employees Retirement System (OMERS), one of Canada’s largest pension funds, has again demonstrated its liking for insurance and reinsurance linked returns, by taking a 40% stake in run-off and legacy specialist firm RiverStone UK.

The innovative Sierra Ltd. (Series 2019-1) catastrophe bond transaction, that is designed to provide parametric U.S. earthquake protection to an investment manager’s portfolio of mortgage related securities, has successfully upsized by 50% to reach $225 million for the sponsor.

The loss impact from a severe hailstorm that struck the Sydney and surrounding area of Australia in December 2018 is now estimated 4% higher at an insurance and reinsurance market loss of A$798 million (around US $550m) by PERILS AG.

Opinions differ dramatically when it comes to estimating industry insured losses from typhoon Hagibis it seems, with global reinsurance giant Swiss Re opting for just $8 billion.