reinsurance

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has had its catastrophe bond, insurance private debt and life settlements investment funds all classified as ESG relevant under the EU’s Sustainable Finance Disclosure Regulation (SFDR).

Industry group the Association of Bermuda Insurers and Reinsurers (ABIR) has named three new global insurance and reinsurance companies as members and added their CEO’s to its Board.

Reinsurance broker Guy Carpenter has launched its Capital Advisory Group in Asia Pacific, as it looks to provide clients with products and tools to help them better managing capital through risk transfer solutions across the region.

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, continued to benefit from new capital inflows to its insurance-linked securities (ILS) fund strategies through 2020, with its combined ILS assets including London-based Coriolis now surpassing $2.5 billion.

The blockage of the Suez canal by the container ship ‘Ever Given’ is expected to cause a reasonable sized insurance market loss and for reinsurance carriers is anticipated to create further pressure, according to rating agency Fitch.

At the upcoming mid-year reinsurance renewals our sources suggest there could be increased demand for reinsurance protection coming out of Florida, despite the delicate financial position of many insurance carriers focused on the state.

The severe flooding and storms that affected parts of east and southeastern Australia recently are expected to add to reinsurance pricing pressure for the major insurance carriers operating in the country.

Reinsurance recoveries are set to offer some respite to insurance carriers exposed to winter storm Uri and the deep freeze event that impacted the south, in particular Texas, according to S&P Global Ratings.

Here are the ten most popular news articles, week ending 28th March 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.

Global insurance and reinsurance firm Everest Re is back in the capital markets with its first catastrophe bond issuances since late 2019 and is seeking support from insurance-linked securities (ILS) investors for a potential $800 million or greater of retro reinsurance coverage through two series of Kilimanjaro III Re Ltd. 2021 cat bonds.