Third-party reinsurance capital news

Transverse Insurance Group, the program and fronting firm that aims to help reinsurance capacity providers including insurance-linked securities (ILS) funds and investors to access risk more directly, has had its second fronting carrier rated.

For our third Artemis Live audio and video interview I had the pleasure of discussing the state of the market with Paul Schultz, CEO of Aon Securities, the capital markets, investment banking and insurance-linked securities (ILS) structuring arm of the insurance and reinsurance broker.

AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance company, has revealed an expectation that the Covid-19 pandemic will drive some $235 million of losses, the majority of which will be in its property book.

For the second Artemis Live audio and video interview I was delighted to speak with Frank Majors, co-CEO and President of Nephila Holdings, and a Director of insurance-linked securities (ILS) fund manager Nephila Capital.

Unfortunately we cannot return to Singapore this year to hold our annual ILS Asia 2020 conference due to the global coronavirus pandemic.

Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss event and expects it to have a meaningful impact on earnings in the second-quarter.

French reinsurer SCOR has reported that it experienced a 6.6% increase in pricing across its book, while premiums underwritten rose by almost 6% as well, at the recent April 1st reinsurance renewals.

Fronting insurance holding company Obsidian has announced the hiring of program underwriting specialist Dan Larkin as the firms new Chief Underwriting Officer.

We’ve launched a new audio and video feature that will see us talking with leaders of the insurance-linked securities (ILS) and reinsurance industry and broadcasting them via our YouTube channel.

Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist underwriter, has released a forecast of its potential first-quarter losses due to the Covid-19 coronavirus pandemic, saying it expects up to $145 million of losses across its property & casualty insurance, reinsurance and mortgage insurance lines of business.