PartnerRe appoints Nicholas Hughes to lead expanded retro team

PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has announced the appointment of Nicholas Hughes as Head of Retrocession, alongside the additions of Aaron Coates from Twelve Capital and Guy Hengesbaugh, formerly of Guy Carpenter Bermuda. In this newly created position, Hughes is set to lead the reinsurer’s expanded retrocession team as part of…

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Asia to become increasingly relevant in life insurance-linked securities

Globally, the life insurance-linked securities (ILS) space is gaining momentum and in Asia specifically, the risk/return profile appears to be improving, according to Luca Tres, Head of Life, Securis Investment Partners. Tres, alongside Tom Spreutels, Head of Origination, Life & Alternative Credit at Leadenhall Capital Partners, participated in an expert panel debate focused on the…

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Collateral held in trust for ILS transactions rises 11% for Hannover Re

Global reinsurance firm Hannover Re has been quietly expanding its activities in the insurance-linked securities (ILS) space for some time, as a key facilitators for collateralised transactions and acting as a front for certain ILS funds and investors. Every so often, more details emerge on the growth of this side of Hannover Re’s business, which…

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Beazley raises Covid-19 loss estimate to $340m on event cancellation

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has increased its estimate of the cost of Covid-19 claims for its first party business by 100% to $340 million, net of reinsurance, in light of the evolving status of the pandemic crisis. Back in April, Beazley revealed an expected Covid-19 claims burden of $170…

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Arch unveils establishment of single managing agency

Arch Insurance International, a wholly owned subsidiary of Bermuda headquartered insurance and reinsurance firm, Arch Capital Group, Ltd., has announced the launch of Arch Managing Agency Limited. Formerly Barbican Managing Agency Ltd, the newly established Arch Managing Agency Limited brings together Arch Underwriting at Lloyd’s and Barbican Managing Agency Ltd. into a single operation. Effective…

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FloodFlash scales sensor-based parametric flood cover to larger corporates

Insurtech start-up FloodFlash, which offers an innovative sensor-based approach to support parametric flood insurance triggers, is scaling up its offering with the help of major reinsurance carriers to provide protection to larger corporations. FloodFlash’s technology has helped to launch the first property level parametric flood insurance product, utilising water level sensors developed by FloodFlash, which…

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Are Protections Keeping Zombie Businesses Artificially Afloat?

Zombie Businesses

Due to financial distress, many businesses have been experiencing, the Government made the decision back in March to relax the rules regarding bankruptcy and insolvency. These relief measures essentially made it much harder for creditors to pursue outstanding business debts, leaving creditors unable to issue bankruptcy notices to any businesses owing debts under $20,000. Q2 […]

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