Insurance Insider
Insurance Insider US
Subscribe
Log in
Free Trial
X
LinkedIn
Show more sharing options
Copy Link URL
Copied!
Print
X
LinkedIn
News
Catastrophe bonds
Companies
Renewals
Investors
Losses
People
Interviews
Catastrophe bonds
Companies
Renewals
Investors
Losses
People
Interviews
Opinion
Analysis
Data
ILS fund directory
Cat bond market tracker
M&A tracker
Plenum Indices
Eurekahedge Index
ILS fund directory
Cat bond market tracker
M&A tracker
Plenum Indices
Eurekahedge Index
Insider On Air
Webinars
Video Interviews
Podcasts
Webinars
Video Interviews
Podcasts
Events
Our Events
Insider Progress
Our Events
Insider Progress
Show Search
Submit Search
Search Query
Menu
Submit Search
Search Query
News
Catastrophe bonds
Companies
Renewals
Investors
Losses
People
Interviews
Catastrophe bonds
Companies
Renewals
Investors
Losses
People
Interviews
Opinion
Analysis
Data
ILS fund directory
Cat bond market tracker
M&A tracker
Plenum Indices
Eurekahedge Index
ILS fund directory
Cat bond market tracker
M&A tracker
Plenum Indices
Eurekahedge Index
Insider On Air
Webinars
Video Interviews
Podcasts
Webinars
Video Interviews
Podcasts
Events
Our Events
Insider Progress
Our Events
Insider Progress
Subscribe
Log in
Free Trial
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.
Accessibility
|
Terms of Use
|
Privacy Policy
|
Modern Slavery Statement
Cookies Settings
Lucy Jones
Published by this author:
Covid expected to boost standalone cyber market & ILS growth prospects
Rapid growth of the cyber market suggests an increasing role for ILS, panellists said at Trading Risk Live.
Lucy Jones
,
10 November 2020
Schultz: ILS market set for return to growth in 2021
Q4 issuance will likely be robust owing to new investors and increased allocations, the CEO said.
Lucy Jones
,
29 October 2020
ILS market needs to promote ESG value: panel
Assets with ESG attributes can be more profitable than their counterparts, said panellists at the Convergence 2020 conference.
Lucy Jones
,
16 October 2020
Fermat calls on Congress to develop US ILS market
“Pass-through” tax status would help SPIs issue US-based ILS, Joanna Syroka said.
Lucy Jones
,
13 October 2020
HSCM backs Indigo IP insurance deal
The transaction, led by Markel Specialty, showcased a new Aon IP capital market solution.
John Hewitt Jones
,
06 October 2020
Trapped capital securitisations expected to follow ILS Capital deal
More seasoned trapped capital is likely to be suited to such deals.
Lucy Jones
,
05 October 2020
Schroders and Leadenhall participate in $31mn Integrity fundraise
Schroders and Leadenhall Capital Partners have participated in a $31mn (A$43mn) fundraise for Australian life insurance provider Integrity Life.
Lucy Jones
,
02 October 2020
Cresta to launch industry loss index for $1bn-plus events
Clix index will provide insured loss data for all major nat cat events since 2000.
Lucy Jones
,
01 October 2020
Securis life CUO Whiting retires
Whiting had worked with the firm, which is planning further life ILS fundraising, since 2007.
Lucy Jones
,
30 September 2020
Guy Carpenter hires Miller from Aon as UK property cat head
Aon’s former head of international catastrophe management will take up the position next September.
Lucy Jones
,
28 September 2020
Glass Fire impacts Napa as two new blazes emerge
All three fires are prompting evacuation orders in Napa and Sonoma counties.
Lucy Jones
,
28 September 2020
Twelve: Climate change will not tarnish ILS returns
Climate variations will likely spur demand for ILS capital to help reinsurers manage peak US hurricane exposure, the manager said.
Lucy Jones
,
25 September 2020
AIR estimates Sally losses at $1bn-$3bn
Sally buffeted cities and town as it moved across Alabama at speeds as low as 2 mph, the modeller said.
Lucy Jones
,
21 September 2020
Isosceles Re issues $25mn cat bond lite on BSX
Year-to-date lite and private cat bond placements total $220mn, up 30% from last September.
Lucy Jones
,
21 September 2020
Dislocated retro market expected at 1.1 as capacity shrinks: panel
Collateralised capacity will retain an important role in the retro niche.
Lucy Jones
,
21 September 2020
Teddy will near Bermuda at hurricane strength this weekend: NHC
The storm is churning at Category 4 strength in the Atlantic and could impact Bermuda after Paulette's recent strike on the island.
Lucy Jones
,
18 September 2020
Japanese insurers pay out $625mn for July rain damage: GIAJ
July rains and typhoons Maysak and Haishen severely damaged Kyushu region, the body said.
Lucy Jones
,
17 September 2020
Hardening market may provide run-off opportunities for trapped capital: Faries
ILS veteran Kathleen Faries also advocated for an industry superhighway to transform the way risk is moved.
Lucy Jones
,
17 September 2020
Historic flooding unfolds as Category 2 Hurricane Sally approaches landfall
Life-threatening storm surge is already occurring along the coastline from Alabama to the Florida Panhandle, including Pensacola Bay and southern portions of Mobile Bay.
Lucy Jones
,
16 September 2020
Covea and Swiss Re appoint arbitrators over BI claims: report
The insurer could have total gross losses of more than EUR500mn, according to a French publication.
Lucy Jones
,
15 September 2020
GC Securities hires Magnani from Willis
Magnani became vice president, based in London, in September.
Lucy Jones
,
15 September 2020
Shropshire County Pension Fund boosts Securis stake to £32mn in first year
The pension decided to invest in ILS in 2018 allocating 1.5% of the £1.9bn fund to Securis.
Lucy Jones
,
15 September 2020
CEOs expect substantial rate rises at 1 January
The executives also called for government-private sector partnerships to address future pandemics and other protection gaps such as cyber.
Lucy Jones
,
15 September 2020
Tremor to run live cat auctions throughout hurricane season
The start-up will run three auctions on Tuesday ahead of Hurricane Sally reaching the US coast.
Lucy Jones
,
15 September 2020
Brazil mulling new ILS regulations: DAC Beachcroft
The rule will allow cedants to transfer risk to a local reinsurer which will have the exclusive purpose of issuing insurance-linked securities.
Lucy Jones
,
14 September 2020
Wind warning leads to fears US West Coast fires will spread
The US National Weather Service issued a critical fire weather warning for parts of Idaho, Montana, California, Nevada and Oregon on Monday.
Lucy Jones
,
14 September 2020
Reinsurers: Wider market conditions may offset rate rise gains
A much harder retro market is driving reinsurance price increases.
Lucy Jones
,
14 September 2020
NHC: Strengthening Paulette to bring swells to Bahamas and Bermuda
Still some way off Category 1 intensity, Paulette is expected to reach the Leeward Islands on Thursday night.
Lucy Jones
,
10 September 2020
FedNat adds $39mn reinsurance top-up after Laura hit
The carrier did not give a gross loss estimate, but has added $39.2mn of reinsurance cover for a second event.
Lucy Jones
,
10 September 2020
MLC takes minimal Covid loss on $0.6bn ILS portfolio
It made a 4.4% gain over the past year from its insurance holdings, and has made 7.9% per annum since inception.
Lucy Jones
,
10 September 2020
Tullett Prebon issues $10mn ILN notes on BSX
The transaction covers US wind for two seasons on a per occurrence basis.
Lucy Jones
,
10 September 2020
Tremor CEO: $4mn fundraise means we are here to stay
The online trading platform also said it had signed deals with leading brokers.
Lucy Jones
,
09 September 2020
PSERS additions bring ILS total to $939.6mn
The $59.1bn pension’s ILS allocation stands at 1.6% of the fund.
Lucy Jones
,
08 September 2020
London Pensions Fund Authority halves Aeolus investment to £45mn in 2020
Fund investment in ILS has dropped sharply since totalling $125.5mn in 2018.
Lucy Jones
,
08 September 2020
Moody’s lowers outlook on reinsurance sector to negative
Covid-19 losses and other catastrophe events have exhausted the catastrophe budgets of many companies, the ratings agency said.
Lucy Jones
,
08 September 2020
Po-Ba departs TigerRisk
Lawrence Po-Ba was hired by the firm to source capital solutions for Lloyd’s syndicates in May.
Lucy Jones
,
08 September 2020
Swiss Re highlights climate change impact as it says “timid” rate increases not enough
EMEA cat rates have failed to reprice while US and Japan markets have been more reactive, the firm noted.
Lucy Jones
,
08 September 2020
Panel: 30% of retro market faces trapping due to Covid-19
The retro space is expected to move towards named peril covers as rates approach post-Hurricane Katrina levels.
Lucy Jones
,
08 September 2020
Munich Re: ‘Flight to quality’ boosting retro programme
The market is also interested in more liquid cat bonds, the reinsurer said at a press conference on Monday.
Lucy Jones
,
07 September 2020
White Mountains: Covid-19 not major threat to Elementum
The ILS manager expects investments will have low correlation with the financial markets.
Lucy Jones
,
07 September 2020
USAA returns $75mn to ResRe cat bond investors
Subrogation recoveries from 2017-18 Californian wildfire losses drive capital releases.
Lucy Jones
,
07 September 2020
ILS investors press for fee changes on trapped capital: panel
A reluctance on the part of the market to innovate on the trapped issue might lead to more investment in rated vehicles.
Lucy Jones
,
07 September 2020
Karen Clark named Outstanding Contributor of 2020
Karen Clark & Company models have helped revolutionise catastrophe risk management, laying the foundations for ILS capital to enter the market.
Lucy Jones
,
04 September 2020
Entropics launches institutional fund to replace UCITS vehicle
The Swedish manager has wound up its small UCITS cat bond fund as it said institutional funds were a better regulatory fit for ILS.
Lucy Jones
,
04 September 2020
Hannover backs Global Parametrics Mexican reef protection
The company acts as reinsurer and shares the risk with the Natural Disaster Fund.
Lucy Jones
,
03 September 2020
Typhoon Maysak brings high winds to South Korean resort island Jeju
The typhoon, which is expected to make landfall on the peninsula on Thursday, is being compared to the devastating Typhoon Maemi in 2003.
Lucy Jones
,
02 September 2020
ILS funds record best July gain since 2011
The improved premium environment started to show up in returns, but Covid-19 losses are also emerging, ILS Advisers said.
Lucy Jones
,
02 September 2020
ICT estimates Texas Laura insured losses at $150mn
Louisiana will account for the brunt of insured losses from the Category 4 hurricane, which made landfall last month.
Lucy Jones
,
02 September 2020
Lockton Capital Markets hires Ghosh as president
Ghosh will work closely with CEO Ken Pierce to develop the two-year-old platform.
Lucy Jones
,
01 September 2020
Trading Places: August
People moves in the ILS marketplace.
Lucy Jones
,
31 August 2020
CoreLogic estimates Laura losses at $8bn to $12bn
Storm surge losses are expected to remain under $500mn.
Lucy Jones
,
28 August 2020
Tremor: Absence of livecat trades suggests optimism on Laura losses
ILWs at the $10bn mark failed to clear, as auction participants suggested losses would not reach the trigger.
Lucy Jones
,
27 August 2020
Weakening Laura batters Gulf Coast as Category 3 hurricane
AM Best warns the coronavirus pandemic will inflate the cost of claims arising from the strongest storm by far of this year’s hurricane season.
Lucy Jones
,
27 August 2020
Laura's historic parallels: Ike, Rita and their losses today
Insured losses from past storms in Laura's vicinity range from $13bn to $24bn, inflation-adjusted.
Fiona Robertson
,
27 August 2020
Tremor reports Laura livecat ILW interest at $20bn
Buyers and sellers are eyeing a 20% RoL, but contracts have yet to trade.
Lucy Jones
,
26 August 2020
NHC: Laura likely to hit US Gulf Coast as ‘major hurricane’
The hurricane is forecast to make landfall on the Texas or Louisiana coast on Thursday.
Lucy Jones
,
25 August 2020
Markel Catco returns $63.9mn to shareholders in H1 2020
The company said it was liaising with cedants about effects of subrogation payments from PG&E.
Lucy Jones
,
25 August 2020
Marco weakening as Laura forecast to strengthen to Cat 1
Marco is forecast to make landfall in Louisiana on Monday, with Laura hitting Texas by Thursday.
Lucy Jones
,
24 August 2020
Pandemic hours clause uncertainty will endure until insurance cases progress
A 168-hours clause limit on aggregated claims would heavily restrict insurers ability to claim for pandemic payouts.
Lucy Jones
,
24 August 2020
Climate change could lift Katrina recurrence insured loss by 8%: Swiss Re
If Hurricane Katrina were to hit the US in 2020 privately insured losses could reach $65bn, up from $41bn 15 years ago.
Lucy Jones
,
19 August 2020
AP3’s ILS portfolio turns 4.4% unhedged gain in 2019
The Swedish state pension fund’s ILS allocation rose 7% to $600mn.
Lucy Jones
,
18 August 2020
Markel Catco frees a further $37.9mn from side pockets
The release largely stemmed from 2019 side pockets, reducing this year's remaining trapped capital by a third.
Lucy Jones
,
17 August 2020
ILS market shrinks 1.35% in H1 2020: Swiss Re
Maturities and payouts for 2017 and 2018 events outweighed a flurry of new deals.
Lucy Jones
,
14 August 2020
Elementum hires Davis from Aon
The specialist ILS manager has also made a number of senior appointments.
Lucy Jones
,
12 August 2020
Mt Logan losses up slightly in Q2 as premium base drops 18%
The sidecar's asset base has fallen by around $140mn in the past year.
Lucy Jones
,
12 August 2020
Global Parametrics structures windstorm cover for South Atlantic lobster plant
The developing world specialist insurer is looking for input from ILS funds and reinsurers.
Lucy Jones
,
12 August 2020
Nephila agrees to provide capacity for Demex
The climate-focused InsurTech has raised $4.2mn and signed up insurance backing from the ILS manager and Munich Re.
Lucy Jones
,
12 August 2020
Munich Re chief underwriter Mück appointed head of capital markets, America
He replaces Oliver Horbelt who becomes CFO of Munich Re of America.
Lucy Jones
,
11 August 2020
Catastrophe insured losses up 35% to $31bn in H1: Swiss Re
Losses from severe convective storms in the US were the highest since the first half of 2011.
Lucy Jones
,
11 August 2020
ILS specialist AuM dips 5% in H1 2020 after Q2 updates
Nephila’s fall in AuM contributed to the trend of specialist firms shrinking, as reinsurer-backed assets were up modestly.
Fiona Robertson
,
10 August 2020
Aon: Isaias insured losses will exceed $1bn
Despite being Category 1 at landfall, Isaias caused storm surges from South Carolina to New York.
Lucy Jones
,
07 August 2020
Braun urges more AOB reform in Florida
Lawyers are diligent in finding avenues to bring litigation against insurers, FedNat’s CEO Michael Braun told analysts on Thursday.
Lucy Jones
,
06 August 2020
Covid-19 losses halve Munich Re P&C profits in Q2
Major losses from natural catastrophes were comparatively low at EUR167mn for the quarter.
Lucy Jones
,
06 August 2020
Stone Ridge completes reverse share split for Interval fund
The loss-hit fund’s NAV has increased more than five-fold to $40 a share since the stock merge.
Lucy Jones
,
05 August 2020
Downgraded Isaias reaches Canada leaving behind flooding and power outages
Reports of flooding in eastern US states as millions were left without power.
Lucy Jones
,
05 August 2020
AIG expects to draw on international reinsurance for Covid claims
The company confirmed it had bought $500mn of additional catastrophe aggregate.
Lucy Jones
,
04 August 2020
ILS funds gain 0.67% in June amid Covid side-pocketing
Some managers also had to increase prior-year reserves, Eurekahedge ILS Advisers said, but June returns still came in stronger than historical levels.
Lucy Jones
,
04 August 2020
AlphaCat adds $100mn in Q2 to reach $4.3bn
AIG turned a $2mn investment loss from its small stake in the ILS manager's funds.
Lucy Jones
,
04 August 2020
Stander steps down from RMS
Among other roles, the industry veteran will advise agriculture insurance start-up Agritask.
Lucy Jones
,
03 August 2020
Aon hires Turner from Axa XL to head up UK property team
Former Axa XL property treaty head Catherine Turner will co-lead the unit with Richard Evans.
Lucy Jones
,
03 August 2020
Toyota pension fund ups alternatives; ILS among targets
The Japanese pension fund now dedicates 20 percent of its portfolio to alternatives, which include an ILS allocation.
Lucy Jones
,
01 June 2020
London's ILS flexibility should improve: report
The UK is seeking to address the perception that local ILS bureaucracy is "onerous and costly", the LMG-commissioned London Matters report said.
Bernard Goyder
,
19 May 2020
Limited BI exposure of cat bonds could drive demand: S&P
Collateralised re and sidecars are more likely to become subject to legal disputes around wording, the agency said.
Lucy Jones
,
19 May 2020
NN Life completes $15bn in longevity swaps
Canada Life, Munich Re and Swiss Re have covered the pension liabilities of 200,000 pensioners in the Netherlands.
Lucy Jones
,
19 May 2020
Akinova completes first wind deal to protect billboards
The parametric trade for a European asset owner in the advertising industry provides cover according to wind speeds near billboard locations.
Lucy Jones
,
19 May 2020
Argenta: Lloyd’s 3bn-$4.3bn Covid-19 loss figure ‘conservative’
Around one-eighth of the Corporation's estimate related to property reinsurance specifically.
Lucy Jones
,
18 May 2020
AM Best affirms Lumen
The ratings agency said positive innovation efforts were partly offset by high dependency on retro.
Lucy Jones
,
18 May 2020
Japanese appetite for ILS dips following HIM and typhoon losses
Some argue that what appears to be a stepping back by Japanese investors may just be a pause as investors switch managers.
Lucy Jones
,
18 May 2020
Citizens seeks approval for 32% reinsurance spend increase
The carrier is asking the board to agree a premium outlay of $145mn for the 2020 hurricane season.
Lucy Jones
,
14 May 2020
Descartes Underwriting and Generali join on parametric offer
The Italian insurer will target buyers in the agriculture and food sectors, among others, through the parametric partnership.
Lucy Jones
,
14 May 2020
Legal & General and IHS Markit sign $143mn pension risk transfer
The deal will be Legal & General’s first time simultaneously insuring US and UK pension liabilities.
Lucy Jones
,
13 May 2020
CEA Sutter Re cat bonds settle up 75% at $700mn
Both deals priced at the top end of initial guidance ranges, making them the highest-paying cat bonds the CEA has completed in recent years.
Lucy Jones
,
13 May 2020
PGGM names PartnerRe as new ILS partner
With a target range of up to EUR100mn ($108.3mn), the PartnerRe stake is one of the fund’s smaller ILS allocations.
Lucy Jones
,
12 May 2020
Navistar’s ILS assets drop 25% in 2019
The assets are divided between the company’s pension fund and a post-retirement benefit plan.
Lucy Jones
,
11 May 2020
Twia reserves further $90mn for Harvey
The association is planning to issue $200mn of Alamo Re II notes later this year.
Lucy Jones
,
11 May 2020
Reinsurers gain traction on pandemic exclusions
The ILS market is among the leaders in holding firm on exclusions.
Jeff Kuntz
,
11 May 2020
Palomar decides against renewing Torrey Pines Re cat bond
The earthquake insurer returned to the traditional market for cover, citing less favourable ILS pricing and terms and conditions.
Lucy Jones
,
07 May 2020
University of Illinois awaits possible pandemic policy payout
The university bought cover for the 2017-2020 academic years, paying $424,000 a year in premiums, CNBC reports.
Lucy Jones
,
06 May 2020
Allstate adds $121mn to $4.5bn cat treaty
The insurer's Q1 cat losses dropped by more than two thirds.
Lucy Jones
,
06 May 2020
Hannover Re cedes a third of Q1 cats to retro partners
The carrier took a separate EUR220mn charge connected to Covid-19 losses.
Lucy Jones
,
06 May 2020
Mercer expands risk transfer team with Stone hire
Based in London, Ben Stone will advise clients on longevity swaps as well as other strategies.
Lucy Jones
,
05 May 2020
Heritage reports $17mn cat losses in Q1
Losses stemmed largely from February hail, tornado and wind events in the southeastern US.
Lucy Jones
,
05 May 2020
Axis cuts ceded premium to capital partners by 24% in Q1
This comes after Stone Ridge, one of the firm's third-party providers, reduced its sidecar holdings.
Lucy Jones
,
05 May 2020
Po-Ba joins TigerRisk for Lloyd’s capital role
Former Securis executive Lawrence Po-Ba will focus on sourcing capital solutions for Lloyd’s syndicates.
Lucy Jones
,
04 May 2020
Willis forecasts Covid-19 contingency/BI losses of $3bn-$36bn
The broker's total insured loss estimate spanned $11bn to $140bn, depending on the recovery from Covid-19.
Lucy Jones
,
01 May 2020
Redhead: Covid to push up ILS prices
Trapped capital will become an issue in the coming months, CEO of Lancashire Capital Management Darren Redhead said.
Anna Sagar
,
30 April 2020
Arkansas Teacher Retirement System allocates further $30mn to Aeolus
The pension scheme made low single digit returns on ILS holdings with Aeolus and Nephila in 2019.
Lucy Jones
,
30 April 2020
Trapped capital will tighten reinsurance market: Whitt
The Markel co-CEO said the firm was warehousing retro risk until it raised capital for new platform Lodgepine.
Lucy Jones
,
29 April 2020
ILS returns hold ground for bearish Covid-19 investors
Investment case is the strongest in more than half a decade, but competition for new inflows is still strong in the buyers’ market.
Jeff Kuntz
,
27 April 2020
Scor closes Atlas cat bond at original $200mn target
The bond priced at the top end of forecasts and 16 percent above initial targets, according to sources.
Lucy Jones
,
23 April 2020
Aon: ILS capital drops by 2% to $95bn in 2019
The Aon Reinsurance Aggregate (ARA) stock index fell by 46 percent in the five weeks to 23 March due to Covid-19.
Lucy Jones
,
21 April 2020
Louisiana Citizens targets $50mn from Catahoula Re cat bond
The carrier has chosen Singapore’s ILS regime to issue the transaction.
Lucy Jones
,
20 April 2020
Stone Ridge's bulk buyback falls short of redemption demand
The major buyback was completed before the Covid-19 pandemic sparked a market crisis.
Lucy Jones
,
20 April 2020
Scor relaunches Atlas cat bond at smaller size with 12% higher spread
Pricing on the transaction is up 12 percent, according to sources.
Lucy Jones
,
16 April 2020
Tremor platform closes first ILW trade
The marketplace said $87mn in capacity was offered in the past week's auction.
Lucy Jones
,
15 April 2020
Eaton Partners: Covid-19 to curb fundraising for several months
A survey finds that 64 percent of institutional investors are not changing their private market allocations.
Lucy Jones
,
15 April 2020
Texas pension fund doubles ILS investment to $600mn since 2017
The Teacher Retirement System of Texas has increased its allocation amid continuing losses.
Lucy Jones
,
14 April 2020
Hymans advises pause on longevity swaps amid Covid-19
Insurer capacity may reduce and their pricing may become more conservative.
Lucy Jones
,
14 April 2020
Regional ILS investor focus: Further room for Canadian growth
Endowments and family offices have been showing interest in the asset class.
Lucy Jones
,
14 April 2020
Global Atlantic launches $1bn third-party vehicle for life reinsurance investing
The Ivy vehicle will co-invest on deals with Global Atlantic.
Lucy Jones
,
08 April 2020
Swiss Re calls for faster risk updates to manage climate change adaptation
The firm revised its 2019 estimate for insured disaster losses up by $4bn but kept Typhoon Hagibis under $10bn.
Lucy Jones
,
08 April 2020
Swiss Re says pandemic cover requires government support
Insurance capacity is limited for pandemics, said Swiss Re’s Edouard Schmid.
Lucy Jones
,
08 April 2020
Sidley: PRA grace period refusal will hurt UK ILS regime
Post-Brexit, there would be scope for legislating away from the Solvency II position, the lawyers said.
Lucy Jones
,
06 April 2020
Credit Suisse raises $461mn from Operational Re cat bond
The deal marks the third time the bank has brought operational risk to the ILS market.
Lucy Jones
,
06 April 2020
Nephila syndicate lifts primary performance as typhoons drive reinsurance loss
The MGA insurance business returned an underwriting profit of $1.4mn having made a loss of $75.1mn in 2018.
Lucy Jones
,
03 April 2020
Lane: ILS rates surge 13% in Q1
The ILS market has used every reversal as a base for its future growth and this should happen again after Covid-19, the firm argued.
Lucy Jones
,
03 April 2020
AP2 makes ILS gains in 2019
The Swedish state pension fund currently allocates to three ILS managers: Fermat, Credit Suisse ILS and Elementum.
Lucy Jones
,
03 April 2020
Sussex Capital joins Standards Board for Alternative Investments
The Brit subsidiary becomes the seventh specialist ILS member of the industry group.
Lucy Jones
,
02 April 2020
Arcus takes £7mn hit from Faxai and Hagibis as premium income drops
The syndicate tripled its cyber premium income from a low base.
Lucy Jones
,
01 April 2020
Pandemic deals repricing as carriers seek cover
Pre-Covid-19 mortality risks generally provided low single-digit returns, but significant repricing is underway.
Lucy Jones
,
31 March 2020
Scor postpones Atlas cat bond amid Covid-19 disruption
Scor said it was eager to start marketing the transaction again within the next month when market conditions improve.
Lucy Jones
,
30 March 2020
Mexican insurer looks to ILS investors to back parametric product
Munich Re will provide initial capacity but ILS investors have been approached for future cover.
Lucy Jones
,
30 March 2020
ILS exit terms give market inbuilt delays to prepare for redemptions
Mid-year is the next major possible exit date for ILS investors in illiquid strategies.
Jeff Kuntz
,
30 March 2020
Nephila one of worst performing Lloyd's syndicates in 2019
The three ILS-backed syndicates at Lloyd’s narrowed their losses in 2019.
Lucy Jones
,
27 March 2020
Credit Suisse ILS hires Blattmann to head distribution
Credit Suisse has been reshaping its ILS team after transferring reinsurance underwriting to its Bermuda-based platform Bernina Re.
Lucy Jones
,
24 March 2020
HOOPP ILS push helped ‘cushion blow’ of stock market crash
The pension plan sold equities in late 2019 to accommodate ILS and other asset classes, chief executive Jim Keohane told Canadian media.
Lucy Jones
,
24 March 2020
Markel Catco reports higher attritional loss toll in 2019
Catastrophe losses saw a 31 percent hit to the fund's 2019 portfolio with attritional losses coming in more than three times as high as budgeted.
Fiona Robertson
,
23 March 2020
‘Challenging times’ lead Hong Kong to push for early passage of ILS bill
The Hong Kong government is accelerating introduction of its ILS regime to boost its financial services industry.
Lucy Jones
,
23 March 2020
Stone Ridge sets up new multi-sector fund as ILS Interval fund holds value
The Diversified Alternatives fund will invest in ILS deals and alternative lending, real estate and other sectors.
Lucy Jones
,
23 March 2020
Aon’s White Rock platform issues $18mn Japanese cat bond lite
This is the second Asagao deal, following a two-year $69.9mn transaction issued last September.
Lucy Jones
,
20 March 2020
Scor returns to Ireland to launch $200mn Atlas cat bond
The company’s previous two Atlas deals were completed using the UK’s new ILS regime.
Lucy Jones
,
19 March 2020
Chang promoted to ILS principal at Ontario Teachers’ Pension Plan
Chang helps manage the fund’s ILS portfolio, reporting to ILS director Philippe Trahan.
Lucy Jones
,
18 March 2020
MSI may upsize Akibare Re cat bond by a third up to $100mn
Pricing has moved to the top of the guidance range, sources said.
Lucy Jones
,
18 March 2020
Aspen steps back from US and Japanese cat risk
Cat losses almost halved last year compared with 2018, which the carrier said was evidence of its ongoing reduction of cat risk exposure.
John Hewitt Jones
,
17 March 2020
(Re)insurers have ‘low readiness’ for climate change challenges: AM Best
The ratings agency also said ILS capacity would ‘hold the line’ on returns following catastrophes.
Lucy Jones
,
17 March 2020
RMS appoints Steel as business development global head
Michael Steel will be based in the RMS London office and report directly to CEO Karen White.
Lucy Jones
,
16 March 2020
ILS managers push for new era of buffer loss tables
Timings, penalty fees and dual treatment of attritional claims are among the measures under consideration.
Lucy Jones
,
16 March 2020
Hosoe departs Credit Suisse ILS
The senior underwriter had worked at the firm since 2015.
Lucy Jones
,
12 March 2020
Markel Catco makes January gains as run-off continues
The small gains come as the fund makes payments to investors.
Lucy Jones
,
11 March 2020
GC’s Isosceles Re platform eyes expansion beyond Bermuda
Isosceles Re will run alongside Cerulean Re, which was set up in 2017 to manage private ILS deals.
Lucy Jones
,
10 March 2020
Load More