Aggregate catastrophe losses suffered by U.S. primary insurance giant Allstate have risen to almost $1.2 billion for the second-quarter of 2020, with the pace of severe weather losses falling slightly in June. By the end of May, Allstate had already suffered $982 million, pre-tax ($776 million, after-tax) of catastrophe losses, largely from severe or convective…

Read More

PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, has expanded and deepened its private quota share sidecar relationship with reinsurance firm Swiss Re. In total, the Viaduct Re Ltd. private reinsurance sidecar arrangements between PGGM and Swiss Re have…

Read More

LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager, is considering ways to enable equity investments to be made into its rated Class 3A reinsurance underwriting vehicle Lumen Re. Speaking during a panel session at our ILS Asia 2020 conference yesterday, Partner and Portfolio Manager at…

Read More

Dan Bailey, a well-known London and international broker producer with expertise across treaty reinsurance, collateralised products and retrocession, is moving employers after a relatively short stint with Steadfast Re, landing at McGill & Partners. Bailey had joined Steadfast Re, the reinsurance broking joint-venture of the Steadfast Group Ltd. and the ex-management team of broker Beach’s…

Read More

U.S. commercial property and casualty carrier CNA Financial Corporation has reported a $301 million estimate of its second-quarter 2020 catastrophe losses, due to the impacts of the Covid-19 pandemic, rioting and civil unrest, as well as severe weather. The overall catastrophe loss burden of $301 million for Q2 2020 reported by CNA is well above…

Read More

Our online & virtual ILS Asia 2020 conference concluded yesterday and now every session is available to watch on-demand at your leisure. It’s been a fantastic few days of insightful discussions, watched by people from all over the globe. Thank you to all of our speakers and sponsors for supporting the event, making themselves available…

Read More

U.S. insurer The Hartford has become the second to reveal a significant recoverable through PG&E related subrogation on claims related to the California wildfires, which sees a before tax $289 million flowing back to the company this quarter. Alongside this, The Hartford has reported above analyst estimate catastrophe losses from U.S. severe weather, as well…

Read More

Digiterre, a software and data engineering consultancy with a specialism in institutional quality investment markets, has updated its insurance-linked securities (ILS) data management platform for ILS investment fund managers. Digiterre’s platform is already used in the ILS sector, with specialist ILS and reinsurance linked asset manager Leadenhall Capital Partners among its client base. Digiterre’s platform…

Read More