Investments

Hurricane Hanna’s impacts in Texas after its landfall packing 90 mph sustained winds over the weekend is estimated to have caused an insurance market loss of roughly $350 million by catastrophe risk modeller Karen Clark & Company (KCC). Reflecting the relatively rural and less populated or urbanised region of the Texas coastline that hurricane Hanna…

Europe’s insurance and reinsurance sector watchdog, the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the potential role of the capital markets and insurance-linked securities (ILS) in risk transfer and reinsurance facilities to support pandemic insurance provision. The Covid-19 pandemic has raised the issue of insurance coverage against such outbreaks and epidemics, with risks…

Investments into insurance technology (insurtech) funding rounds rebounded to reach US $1.56 billion in the second quarter of 2020, a more than 71% increase on the first-quarter of the year. This is according to the latest data from reinsurance broker Willis Re’s latest Quarterly Insurtech Briefing which was published today. Again, a number of insurance…

Issuance of property catastrophe bonds was already running 20% ahead of the total for the prior year by the end of June 2020, putting the market well on its way to beating records again in 2020, Aon Securities explained in its latest report. As sponsors seek out efficient reinsurance and retrocession coverage, the catastrophe bond…

Reinsurance broker Guy Carpenter has announced the hire of well-known executive Andrea Piatti to the role of Managing Director within its Global Risk Solutions division. Piatti had most recently worked as Head of European M&A at Armour Risk Management Ltd, prior to which he held senior roles at MS Amlin, Amlin Re Europe and Partner…