reinsurance

A newly launched equity index of Lloyd’s specialty insurance and reinsurance players provides a proxy for their performance and offers a glimpse of something that perhaps in future could become tradable to help investors track market returns.

Acacia Holdings Ltd, a specialist reinsurance and retrocession investment company that is backed by private equity specialist Oaktree Capital Management, L.P., has announced the hiring of Lawrence Cheng as its Chief Underwriting Officer (CUO).

Analysts at Keefe, Bruyette & Woods conclude from market feedback that the upcoming June 1st reinsurance renewals are set to be “satisfactory but unspectacular” but that P&C reinsurance rate increases will persist, perhaps for more than two years.

New entrant to the catastrophe bond market St. Johns Insurance Company, a Florida and South Carolina focused homeowners carrier, has now secured the upsized $120 million of reinsurance target for its first Putnam Re Pte. Ltd. (Series 2021-1) cat bond.

Great American Insurance Group has now secured the upsized target of $305 million of reinsurance protection with its new Riverfront Re Ltd. (Series 2021-1) catastrophe bond transaction.

Here are the ten most popular news articles, week ending 23rd May 2021, 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.

Issuance of new catastrophe bonds and other related insurance-linked securities (ILS) we track here at Artemis is now set to break new ground for the first-half of 2021, with more than $10 billion of issuance now anticipated, according to our latest data on the market.

US primary insurance giant Allstate seeking to expand its new catastrophe bond issuance, with the target for the  Sanders Re II Ltd. (Series 2021-1) transaction now lifted to $250 million, we understand.

As the mid-year reinsurance renewals fast approach, insurance-linked securities (ILS) capital is once again cited in relation to a moderation of rate expectations, but this year investors are also seen to be more disciplined, analysts at Keefe, Bruyette & Woods have explained.

Insurance holding company W. R. Berkley Corporation has made a key hire in the insurance-linked securities (ILS) space, appointing Vincent Myers, formerly of AXIS, to the role of Vice President, Alternative Capital.