Investments

After a pause during the peak of the Covid-19 pandemic, investors are returning to the mortgage insurance-linked securities (ILS) market, helping specialist mortgage insurer NMI Holdings, Inc. to successfully price its latest and fourth deal, a $322 million Oaktown Re IV Ltd. transaction. NMI is the second sponsor of mortgage insurance-linked notes (ILN’s) to come…

Reported insured losses and reserve setting related to the COVID-19 coronavirus pandemic have now reached $20.5 billion, according to data collected by advisory PeriStrat LLC and augmented by our own research. Zurich-based PeriStrat LLC, operated by Hans-Joachim Guenther, has been aggregating publicly available loss reports from insurance and reinsurance companies to give a picture of…

U.S. primary insurance carrier Travelers has adjusted the attachment point for its $500 million Long Point Re III Ltd. (Series 2018-1) catastrophe bond transaction upwards slightly for the coming year, while also renewing a range of important property catastrophe excess-of-loss reinsurance treaties at July 1st. At the annual reset, Travelers has adjusted the attachment point…

Global reinsurance company Swiss Re has appointed a new hire to the role of Global Head P&C Solutions within its Reinsurance Business Unit, as incumbent Eric Schuh is set to leave the company later this year. The P&C Solutions division within the reinsurance unit at Swiss Re is a specialist segment focused on the use…

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note and private cat bond platform, has completed two new transactions, amounting to just under $56.6 million of risk capital issued around the mid-year renewal season. Eclipse Re Ltd. is a Bermuda domiciled special purpose insurer (SPI) and segregated account company designed to facilitate issuance…