Investments

AXIS Capital, the Bermuda headquartered global specialty insurance and reinsurance firm, has returned to the catastrophe bond market for the first time this year, with a target for an at least $100 million Northshore Re II Ltd. (Series 2021-1) issuance. AXIS Capital has sponsored catastrophe bonds a number of times since 2013, most recently sponsoring…

Broking group Aon has launched an Asia Pacific Capital Advisory unit within its Reinsurance Solutions operation, as it promises to deliver a holistic approach to capital optimisation for insurers and reinsurers across the region. Capital advisory and optimisation has become increasingly important across the insurance and reinsurance world, with multiple sources of capacity available from…

The market for investments in insurance-linked securities (ILS) is expected to return to growth by many of its core constituents after a stall in activity caused by the COVID-19 pandemic, a survey of the market by Willis Towers Watson has found. COVID-19 caused end-investors in ILS to postpone allocations to the market, but did not…

The Government of Nicaragua will receive a US $10.7 million payout after recent major hurricane Eta triggered its parametric tropical cyclone insurance policy with the CCRIF. The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) provides a range of parametric catastrophe insurance products to the Caribbean and Central America region, including for…