Investments

Mexico’s in-force $485 million IBRD / FONDEN 2020  catastrophe bond will continue to provide the country with important disaster insurance protection, as the beneficiary of the cover has been shifted away from the shuttered FONDEN disaster fund to the country’s Treasury. We’re told that a notification has been sent to investors in and holders of…

In launching its first collateralized reinsurance sidecar vehicle and engaging with third-party investors on the recently announced Lifson Re Ltd. launch transaction, Rob Berkley – President and CEO of W. R. Berkley noted the importance of a “shared sense of obligation and duty to capital.” Insurance holding company W. R. Berkley Corporation announced its first…

Global insurance and reinsurance market catastrophe losses came in some 16% below the long-term average, but there could still be implications for aggregate contracts, as frequent smaller events occurred, according to analysts at investment bank Jefferies. December 2020 ended the year with a much lower level of insured catastrophe losses, after a more expensive few…

Jamaica continues to work with the World Bank on a first catastrophe bond for the country the Finance Ministry has said and reflecting the importance of disaster risk financing, in recent weeks it has received a roughly $3.5 million payout under its parametric CCRIF insurance coverage. The payout comes after the torrential rainfall from tropical…

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has revealed that it raised an additional over $730 million of capital for third-party managed joint ventures and insurance-linked securities (ILS) vehicles at January 1st 2020. The company said this is on top of a healthy $1 billion of capital raised for some of its…