reinsurance

The Board of insurer The Hartford has rejected the acquisition offer made recently by larger rival Chubb, saying that its Board concluded that the deal was not in the best interests of the company and its shareholders.

Oasis, the open source catastrophe risk modelling platform, has received significant backing from insurance and reinsurance sector leading firms for the continued development and expansion of its Oasis Oasis Loss Modelling Framework and open source standards.

The recent completion of the world’s first pure volcanic risk catastrophe bond is a demonstration of Guernsey’s insurance-linked securities (ILS) credentials, Paul Sykes, Managing Director at Aon has said.

Corant Global, the rebranded BGC Insurance arm, has announced the establishment of a Bermuda reinsurance broking operation, with Kevin Stratton hired from RFIB to lead the unit.

The Insurance Council of Australia (ICA) has highlighted the billion dollar insurance and reinsurance market loss potential of the ongoing severe flooding event and storms in the Queensland, New South Wales (NSW) region of Australia.

Tokio Marine & Nichido Fire Insurance Co’s fifth Kizuna Re catastrophe bond will be the latest to experience a significant drop in price during its marketing to investors, with the $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transactions pricing now fixed some 16% below the initial mid-point of guidance.

Japanese insurance and reinsurance giant Sompo has doubled its target for its latest catastrophe bond with its Sakura Re Ltd. (Series 2021-1)  transaction now aiming to secure the company $400 million of Japanese and US multi-peril catastrophe reinsurance protection.

Hamilton Insurance Group’s recent successful completion of its first full 144A catastrophe bond issue, the Easton Re Pte. Ltd. (Series 2020-1) transaction, shows that, alongside its Ada Capital Management launch, shows the company is gaining momentum in ILS and its ambition to grow its third-party capital under management, according to its executives.

For our latest Artemis Live video interview we spoke with specialist insurance-linked securities (ILS) fund manager Leadenhall Capital Partners’ CEO Luca Albertini and CUO Jillian Williams, who gave us an update on their current view of the ILS and reinsurance market and also explained more about environmental, social and governance (ESG) activities at the firm.

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has announced the launch of a new UCITS investment strategy focused on the debt issuances of European insurers.