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Asia, a key part of the ILS market & interest is growing: ILS Asia 2020

The Asia Pacific region has become a key component of the global insurance-linked securities (ILS) marketplace and interest from cedants and issuers continues to surge, according to industry experts. Speaking yesterday during the opening day of the virtually held Artemis ILS Asia 2020 conference, ILS market executives and experts explored the read the full article →

Pandemic may accelerate the ILS investor flight to quality

There is every chance that the insurance-linked securities (ILS) market continues to experience a flight to quality, when it comes to where investor allocations are made and this could accelerate in the wake of the Covid-19 pandemic, as there is now another factor against which investors can measure ILS fund read the full article →

Multi-billion severe weather losses across North America in June: Aon

The United States and Canada experienced multi-billion dollar insurance and reinsurance losses from severe weather during the month of June 2020, with hail storms in Calgary and convective weather in the U.S. driving the largest share, according to Impact Forecasting. Insurance and reinsurance broker Aon's catastrophe risk modelling and weather analytics read the full article →

Aditya Dutt departs RenRe. O’Donnell assumes Ventures responsibility

The leader of RenaissanceRe's third-party reinsurance capital and joint-venture focused Ventures business Aditya Dutt is set to leave the firm for a new opportunity, with CEO Kevin O’Donnell to assume control of the unit. RenaissanceRe (RenRe), the Bermuda-headquartered reinsurance company and third-party capital manager with over $10 billion of committed capital read the full article →

Convex’s target for Hypatia cat bond doubles to $300m

The target size for the first catastrophe bond transaction to be sponsored by Convex Group has been increased, with sources now saying that the Hypatia Ltd. (Series 2020-1) multi-peril retro transaction is likely to double to $300 million, we can reveal. Convex Group, the specialty insurance and reinsurance company founded by read the full article →

Chubb proposes parametric risk transfer solution for pandemics

Global insurance and reinsurance company Chubb has published the details of a proposal for an enormous $1.25 trillion public private risk sharing facility to protect both small and large U.S. businesses against future pandemic risks, with part of the coverage proposed to be structured on a parametric trigger basis. The size read the full article →

ILS essential to modern reinsurance & risk management: Peak Re CEO Hahn

With PMLs continuing to rise across numerous parts of emerging Asia, the need for insurance-linked securities (ILS) or alternative reinsurance capital is becoming increasingly vital, according to executives at Hong Kong domiciled reinsurer, Peak Re. Speaking today during a keynote presentation and Q&A session for the Artemis ILS Asia 2020 online read the full article →

Capsicum Re unveils ExCo leadership to drive next phase of growth

Reinsurance broker Capsicum Re, a unit of Arthur J. Gallagher  & Co., has announced a new Executive Committee (ExCo) leadership as the company seeks to deliver on further growth. Among those added to the new Capsicum Re ExCo are Managing Partners and divisional heads, including well-known property reinsurance and retrocession broker read the full article →

Singapore’s ILS grant scheme extended to end of 2022: MAS

The Monetary Authority of Singapore (MAS) has extended its insurance-linked securities (ILS) grant scheme to the end of 2022, as Singapore looks to build on recent positive momentum and attract more catastrophe bond issuers to its shores. Speaking today at our Artemis ILS Asia virtual conference, Mr. Benny Chey, Assistant Manager read the full article →

Reinsurance hard market to last till end of 2021 (at least): Jefferies

The current hardening cycle in the reinsurance market is expected to last until the end of 2021 by analysts at Jefferies, who also say the broad-based firming is now being seen in almost all lines of business globally. One concern of analysts and market participants is a narrower hard reinsurance market, read the full article →