Reinsurance linked investment

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Jebi shows ILW triggers are better when official & supported

The rising insurance and reinsurance industry loss from 2018's typhoon Jebi in Japan has caused what some are privately terming chaos in the industry-loss warranty (ILW) market, as two widely used but unofficial trigger data sources still show estimates at below $10 billion.Industry loss warranties (ILW's) are relatively simple risk read the full article →

CATCo 2019 deals show 6% H1 return, but new side pockets needed

Despite the fact it is set for run-off it is interesting to note that the 2019 portfolio underwritten for the CATCo Reinsurance Opportunities Fund has delivered a 6% net asset value return in the first-half of the year to one class of shareholders.The CATCo Reinsurance Opportunities Fund is being wound read the full article →

Arch acquiring tech & third-party capital focused MGU Ventus

Arch Insurance North America, a division of insurance and reinsurance specialist Arch Capital Group, has announced that it will acquire the technology and third-party capital focused managing general underwriter Ventus Risk Management.Regular readers will be familiar with Ventus Risk Management, a company focused on sourcing and underwriting property catastrophe and read the full article →

FedNat adds reinsurance to lower second & third event retention

U.S. primary insurance group FedNat Holding Company has boosted its 2019-20 reinsurance program with a new treaty layer that reduces the firms second and third event retention of catastrophe losses.FedNat had renewed its reinsurance for the 2019-20 season at the July renewals, securing a $1.84 billion program and saying that read the full article →

PIMCO sees Allianz relationship as key to ILS potential

As PIMCO (Pacific Investment Management Company LLC) ramps up its new insurance-linked securities (ILS) operations, its executives have highlighted that the relationship with parent company, insurance giant Allianz, is both a key differentiator and key to its ILS potential.PIMCO is the $1.76 trillion asset management arm of insurance and reinsurance read the full article →

Markel CATCo begins listed retro ILS fund buy-backs

A schedule has now been set for the beginning of the share buy-backs for the listed retrocessional reinsurance investment fund operated by Markel CATCo Investment Management, with a portion of the shares of the CATCo Reinsurance Opportunities Fund set to be repurchased in September.The Board of the Markel CATCo exchange read the full article →

Eclipse Re issues another $56.6m private cat bond, its fifth of the year

The Eclipse Re Ltd. private catastrophe bond and insurance-linked securities (ILS) issuance vehicle that is managed by Horseshoe Group has completed and listed its fifth private cat bond of the year, a $56.6 million Eclipse Re Ltd. (Series 2019-02A) transaction.In previous years the Eclipse Re Ltd. private cat bond vehicle read the full article →

Best of Artemis, week ending 11th August 2019

Here are the ten most popular news articles, week ending 11th August 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.Super Early read the full article →

Beazley names Roscoe to lead smart tracker syndicate 5623

Lloyd’s specialist insurance and reinsurance player Beazley has named employee Will Roscoe as the new leader for its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623.Beazley launched its SPA Syndicate 5623 at the beginning of 2018, with the vehicle taking a 75% quota share of broker facilities read the full article →

ILS Capital Management’s 2019 portfolio delivers 10.5% by end of July

While loss creep, trapped collateral and the general ongoing impacts from prior year reinsurance related catastrophe losses continue to plague the insurance-linked securities (ILS) market, it's important to remember that the asset class can still deliver significant value, in terms of investor returns.ILS and reinsurance linked investing as an asset read the full article →