Investments

White Mountains Insurance Group, Ltd. is set to make a significant investment into re/insurer Ark Insurance Holdings, with plans to ramp up its capacity across the markets it operates in and upgrade its reinsurance capabilities in Bermuda. White Mountains is known for buying stakes in financial services companies, including insurance and reinsurance operations. It also…

Analysts from Jefferies said they would advise specialty insurance and reinsurance firm Beazley to look to securing additional reinsurance capital, over other funding sources such as another equity raise, after the firm reported escalating losses and given the active levels of catastrophe loss activity seen. Beazley recently reported a doubling of the estimated cost of…

Global Parametrics and reinsurance giant Hannover Re are together supporting a weather risk insurance pilot scheme that is powered by Arbol’s technology and smart contract driven marketplace for weather risk transfer. The pair are supporting the AGRIBEE Crop Insurance Pilot with capacity to enable the provision of extreme weather protection cover for smallholder rice farmers…

The CRESTA organisation will soon launch a global industry loss index solution, that will provide insured loss data and event descriptions for natural catastrophe insured loss events around the world. CRESTA was established by the insurance and reinsurance industry in 1977 as an independent body for the technical management of natural catastrophe insurance. Now managed…

The catastrophe bond market saw continued positive momentum throughout the third-quarter of 2020 and despite continued financial market uncertainty and volatility as a result of the Covid-19 pandemic, the result was an above-average quarter of issuance, according to the latest report and data from Artemis. Our latest quarterly report on the catastrophe bond and related…

Commercial lines focused insurtech platform provider Insurwave has raised £5 million of additional funding to drive further growth and help it expand service offerings for parametric trigger design more broadly into complex commercial insurance and perhaps reinsurance lines. Insurwave is a platform for the insurance ecosystem and among the offerings it has for carriers is…

In the second-half of 2020, while impacts from the COVID-19 pandemic continue for the U.S. property and casualty (P&C) insurance space, carriers may find themselves more impacted by losses from recent and continuing catastrophe events, Fitch Ratings has said. Pandemic-related insured losses and premium volume declines caused by the economic situation will continue to adversely…