Investments
Vesttoo gets investment from longevity focused fund
Vesttoo, a technology firm that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has taken an investment from a fund focused on the longevity economy. Vesttoo aims to help risk bearers better forecast and price long-tail exposures, including longevity risk, excess…
Read MoreMarkets Surge Despite Unprecedented Violence at U.S. Capitol
In a news-filled day, the Dow Jones hit an all-time high on Wednesday (Jan. 6), despite unprecedented unrest taking place in Washington D.C at U.S. Capitol. Q3 2020 hedge fund letters, conferences and more News Recap The Dow climbed 438 points or 1.4% and briefly rose more than 600 points earlier in the day. The […]
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Read MoreGold Began 2021 With A Bang, Only To Plunge
2021 started off well for gold. It’s not surprising, as January is usually positive for the yellow metal, but the Georgia runoff results may constitute an additional bullish factor in the longer term. Q3 2020 hedge fund letters, conferences and more Gold Has Begun 2021 Very Well What a start to the new year! Gold […]
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Read MoreArdonagh launches US/Bermuda reinsurance broking push with RFIB hires
Ardonagh Specialty, the holding company for specialist, reinsurance and wholesale broking brands of the Ardonagh Group, has launched a push into the United States with a new North America reinsurance broking team. Nick Foden-Pattinson, the former CEO of RFIB Americas, is leading the Ardonagh push into the U.S. reinsurance market, along with other former RFIB…
Read MoreWhat the US Capitol riots mean for re/insurance and ILS interests: Interview
We spoke with Tom Johansmeyer, Head of PCS, today, to discuss the rioting and civil disturbance seen at the US Capitol buildings on January 6th 2021. While the rioting and disturbances seen yesterday won’t have any significant implications in terms of losses for the insurance and reinsurance industry, there is a lot to consider. Johansmeyer…
Read MoreUS convective storm insured losses hit record $30bn in 2020: Munich Re
Severe convective storm, thunderstorm and severe weather impacts reached a record high last year, as the peril drove the largest share of annual natural disaster losses that were covered by insurance and reinsurance in the United States during 2020, according to data from Munich Re. The convective storm peril, which includes severe convective weather, thunderstorms,…
Read More“Time to act” as climate role in disaster losses increases: Jeworrek, Munich Re
It is time for the world to act on climate change as it will play an increasing role in disaster losses, Torsten Jeworrek of reinsurance company Munich Re warned today. Munich Re reported today that the global insurance and reinsurance industry faced some $82 billion of natural disaster losses in 2020, up significantly on the…
Read MoreHard market limited to 2021 without above average losses: Barclays
The “hardening” of the reinsurance market is expected to be limited to just this year, unless the industry faces losses above expectations throughout the rest of 2021, equity analysts at Barclays said this morning. The analysts point to a “loss of price momentum” in January 2021, compared to the April, June and July 2020 renewals,…
Read MoreAbsoluteClimo & AKR Zell team up to provide climate-driven risk services
AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has teamed up with AKR Zell, a Singapore-based actuarial consultancy, with the collaboration set to deliver climate-driven risk services to the insurance, reinsurance and insurance-linked securities (ILS) sectors. The pair have spotted an opportunity to fill gaps where standardised industry tools…
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