Aeolus hires former Blackstone & PIMCO exec Henry as MD in Biz Dev & IR
Aeolus Capital Management Ltd., the specialist insurance-linked securities (ILS) and reinsurance investment manager, has strengthened its business development and investor relations team with the hiring of former Blackstone and PIMCO executive Maya Henry. Henry has joined Aeolus Capital Management as a Managing Director in the firm's Business Development and Investor Relations read the full article →
More reinsurance capital to support well-structured aggregate covers at renewals
One of the takeaways from the Monte Carlo Rendez-Vous this year is that brokers are calling on reinsurance companies and ILS funds to provide more support for their clients frequency loss exposures and while the markets are in the main not overly keen, there is going to be more capital read the full article →
As alternative capital grows, limited impact seen to reinsurance price & terms: Moody’s
As alternative capital in the reinsurance industry is expected to continue to grow, despite this Moody's Ratings is not expecting any significant impact to pricing or policy terms for the rest of 2024 and in 2025, believing discipline will remain key for the ILS market. As insurance-linked securities (ILS) markets continue read the full article →
Calgary hailstorm is Canada’s second largest insured loss event ever at $2.8bn: CatIQ
A hailstorm that struck the Calgary area of Canada in August 2024 is now the second-largest insurance industry loss event in the country's history at C$2.8 billion, according to CatIQ. This is just an initial insurance industry loss estimate from CatIQ as well, meaning there will likely be some creep at read the full article →
More Australian pensions deploy to ILS. Rest Super picks Twelve for cat bonds
More Australian pension super funds have begun allocating to insurance-linked securities (ILS), according to Bloomberg, as the publisher names Rest Super and Host Plus as allocating to the space. Artemis has learned that Rest Super has invested with manager Twelve Capital for catastrophe bonds. Rest Super is a pension and retirement read the full article →
CelsiusPro tech now powering parametric Pacific cyclone cover for NZ insurer Tower
CelsiusPro and New Zealand based primary insurance group Tower continue their partnership on a parametric Pacific cyclone insurance product, with an upgraded technology platform now supporting product distribution and administration of the JTWC data powered parametric insurance solution. CelsiusPro AG, the Swiss headquartered weather index insurance and parametric risk transfer specialist, read the full article →
Demex adds industry luminaries DeMartini, Speare-Cole, Weber to new Advisory Board
Having recently raised new funding to expand its offering, the Demex Group, a risk analytics and intelligence company that facilitates climate and catastrophe peril parametric stop-loss reinsurance protection, has announced a new Advisory Board with three well-know industry executives joining it. Demex recently raised $10.25 million in new funding to help read the full article →
Hurricane Francine strengthens to Category 2 100mph winds before Louisiana landfall
Francine was upgraded to a hurricane last night and the sixth named storm of the 2024 Atlantic hurricane season has strengthened to sustained winds of 100 mph and now heads for landfall in Louisiana, where reinsurance broker Gallagher Re anticipates insured losses in the low single digit billions of dollars. Hurricane read the full article →
Tighter cat cover terms a “structural improvement” for reinsurers: Fitch Ratings
The tightening of natural catastrophe reinsurance terms and conditions is a "structural improvement" that should benefit reinsurers' long-term profits, Fitch Ratings has said. In one of its reports timed to coincide with the 2024 Monte Carlo Reinsurance Rendez-Vous event, the ratings agency highlights this as a positive for the sector. Which also read the full article →
Swiss Re continually reviews how to expand institutional investor offering: ACP’s Minter
The strategy of the Alternative Capital Partners (ACP) division of global reinsurance giant Swiss Re remains unchanged, according to its new Head Chris Minter, who told us the company continually reviews how it can expand its offering for investors. Speaking with Artemis around the 2024 Monte Carlo Reinsurance Rendez-vous event, Minter read the full article →
