reinsurance

Hiscox Group had a particularly busy end to the year in the insurance-linked securities (ILS) space, with a new collateralised reinsurance sidecar and its first catastrophe bond fund launched, while its Hiscox ILS fund management unit also raised an additional $140 million of new capital for the January renewals and doubled its fee income.

Global broking powerhouse Aon has promoted Roman Romeo to become the new chief executive officer (CEO) for its Bermuda Reinsurance Solutions unit, while Tony Fox is set to remain in place as chairman.

The average return of insurance-linked securities (ILS) funds tracked by the Eurekahedge ILS Advisers Index reached 1.16% for January 2024, which was a “particularly high” performance for what is often a slower month lacking in peak peril seasonality.

It’s that time of year when we anticipate a range of seasonal hurricane forecasts to be published over the coming weeks, but long-range forecasts are already calling for the 2024 Atlantic hurricane season to be extremely active, with one forecaster calling for a “hurricane season from hell” in 2024.

Universal Insurance Holdings, a Florida headquartered insurer that is a bellwether for signals of appetite for risk and use of reinsurance for those operating in the state, is aiming to expand its business in Florida once again, with its CEO citing much better conditions after the legislative reforms.

Having made recoveries under its aggregate reinsurance arrangement in 2023, US insurance giant Progressive has successfully renewed this important protection for 2024 and also purchased a new hurricane season specific reinsurance cover already, to run from June 1st.

Wildfires continue to burn across Texas, the largest of which has burned over one million acres alone and is only 15% contained, while officials said at the weekend that more than 500 structures have been destroyed and re/insurers will already be looking at the potential to subrogate claims in future, as an electrical utility has […]

According to the Insurance Council of Australia (ICA), insurance market losses from severe storms and catastrophe events that affected the country over the summer have now reached $1.2 billion.

Here are the ten most popular news articles, week ending March 3rd 2024, 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.

Insurtech Floodbase, which acts as a data provider and reporting agent for parametric risk transfer arrangements, is partnering with African Risk Capacity Limited (ARC Ltd.) and CelsiusPro-owned Global Parametrics, to deliver parametric flood insurance programs in Mozambique and Malawi.