Retrocession

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SCOR promotes retro specialist Grandjean to Head of P&C Risks

France-headquartered global reinsurance company SCOR has promoted experienced retrocession specialist Emmanuel Grandjean to the position of Head of P&C Risks. Emmanuel Grandjean has worked for SCOR's Global P&C reinsurance division since 2012 and throughout his time with the company has been one of the key persons involved in the reinsurers' insurance-linked read the full article →

PartnerRe CEO says “significant” third party capital growth helping

PartnerRe, the Bermuda headquartered, EXOR owned reinsurance company, is feeling the benefits from its increased haul of third-party reinsurance capital, according to CEO Jacques Bonneau. The reinsurance company reported its first-quarter results yesterday, saying that while it fall to a net loss of $66 million because of unrealised losses on fixed read the full article →

Live webcast: Hedging the next pandemic with parametric capital market solutions

Vesttoo and Artemis have partnered to host a live webcast on May 25th 2021 where we will discuss and explain opportunities to hedge the next pandemic, using parametric risk transfer, facilitated through the use of data and technology, as well as capacity from the capital markets. Register online here to secure read the full article →

Ariel Re appoints Nephila’s Shreeve as Head of Platform Development

Ariel Re, the international reinsurance company that was taken private in a transaction last year, has hired Tim Shreeve from insurance-linked securities (ILS) specialist Nephila Capital in Bermuda. Shreeve had worked at Nephila Capital for roughly a decade, having joined the ILS fund management company in 2011. He had held the position read the full article →

Vantage sees Vista Re cat bond as start of a Partnership Capital model

Vantage Risk sees its successful first visit to the catastrophe bond market for its $225 million Vista Re Ltd. (Series 2021-1) cat bond issuance as a step on the road to building what it terms a Partnership Capital model and developing investor relations. As we've been reporting, Vantage entered the catastrophe read the full article →

TransRe falls to property reinsurance underwriting loss in Q1

TransRe, the reinsurance underwriting brand of the Alleghany Corporation, saw its property reinsurance business fall to an underwriting loss in the first-quarter of the year, as elevated catastrophe claims dented performance. At the same time, TransRe has taken advantage of reinsurance market conditions to significantly expand its property reinsurance portfolio, underwriting read the full article →

RMS Atlantic hurricane model update may adjust cat bond risk metrics

Catastrophe risk modelling specialist RMS has announced the launch of what it calls "significant updates" to its North Atlantic Hurricane (NAHU) Models, incorporating data from recent active years, including from 2017's Harvey and Irma. RMS said that version 21.0 of its North Atlantic Hurricane risk model now includes medium-term event rates, read the full article →

Hiscox Re & ILS grows net premiums 35.6%, retains more risk

Thanks to improved conditions in the global reinsurance and retrocession market, Hiscox Group reported this morning that its Hiscox Re & ILS unit has underwritten some 35.6% more in net premiums during the first-quarter of the year. At the same time, the company has retained more risk in the improved market read the full article →

Hannover Re reports growth, price gains through Jan & April renewals

Global reinsurance firm Hannover Re has reported strong growth in premiums written of almost 17% on an adjusted basis for the first-quarter of 2021, with growth also continuing at the April renewals when a further 7.4% has been reported. At the same time, Hannover Re has reported benefits from rising reinsurance read the full article →

Nephila costs elevated on MGA platform build & new fund launches: Whitt

Nephila Capital is experiencing elevated costs as the insurance and reinsurance linked investment manager builds-out and grows its managing general agency (MGA) platforms and readies for the launch of new ILS fund vehicles, Markel Co-CEO Richie Whitt has explained. As we explained yesterday, Nephila Capital's assets under management (AuM) fell slightly read the full article →