RenaissanceRe Capital Partners hires Briggs as Head of Risk

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. Briggs joined the RenaissanceRe Capital Partners team from her most recent role at Willis Towers Watson in June. In the Head read the full article →

Oxbridge Re’s sidecar investors earn 17% return

According to CEO Jay Madhu, investors in the collateralized reinsurance sidecar vehicle of Oxbridge Re Ltd., the Cayman Islands based reinsurance firm, earned a 17% return for the year to end of May 2021. Oxbridge Re's reinsurance sidecar is still very small, at only $216,000 of capital, but it delivered impressive read the full article →

Commercial property claims up, but demand increasing, capacity rising

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. As we've been documenting, rates for the catastrophe exposed areas of property read the full article →

Computershare acquires Wells Fargo’s US Corporate Trust business

Computershare, an Australia headquartered banking, transfer agent and investor services provider, has acquired expertise in reinsurance and insurance-linked securities (ILS) collateral trusts, having purchased the Wells Fargo US Corporate Trust Business. The now-former Wells Fargo Corporate Trust team is one of those active in providing trust and collateral related services to read the full article →

India advised to regulate for insurance-linked securities & cat bonds

In order to develop India's International Financial Services Centre (IFSC) into a competitive global insurance and reinsurance hub, a committee has advised that offering regulated frameworks for insurance-linked securities (ILS) such as catastrophe bonds is critical. India's International Financial Services Centers Authority (IFSCA) put together a committee led by senior insurance read the full article →

Strategic Risk Solutions adds Barbados segregated cell company

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has acquired a segregated cell company in Barbados, increasing its range of options for those looking for structures to support insurance and reinsurance related transactions. Strategic Risk Solutions (SRS) already offers a range of segregated read the full article →

Northern US states increasingly hit by tropical storms & hurricanes: Chaucer

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. This is causing some challenges for insurance and reinsurance market interests, according to Chaucer, with increasing temperatures said read the full article →

Lloyd’s syndicates frustrated by LCM5. Perhaps London Bridge Risk can help?

According to a study undertaken by Aon’s UK Capital Advisory team alongside the Lloyd’s Market Association (LMA), some syndicates at Lloyd's have been frustrated by the LCM5 catastrophe controls, while not every player has an appetite for third-party capital or to use the London Bridge Risk PCC ILS structure. An online read the full article →

January renewals significantly behind schedule: Arch management

The January 2022 reinsurance renewals are said to be significantly behind schedule so far, as firms hold back on committing capacity in the challenged marketplace, according to Arch Capital's management team. This aligns with what we've been hearing from market sources, that there are a number of factors which have delayed read the full article →

La Niña conditions declared for the Pacific

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. La Niña conditions have yet to be declared by the World Meteorological Organization (WMO), read the full article →