Investments
Howden appoints Rugge-Price as Chair, aims to challenge major brokers
Howden Broking Group, which is in the process of bringing together the retail focused Howden with the more specialty insurance and reinsurance focused RKH under one brand, has named a new Chair as it looks to position itself as a challenger to the majors. Both sit under the global Hyperion Insurance Group, that is parent…
Read MoreMost significant Jan 1 renewal rate increases since 2018 expected
It’s perhaps not the level of reinsurance rate increase that many have been hoping for, after the 20%+ rises seen across April and mid-year renewal cycles, but analysts at Morgan Stanley are bullish that January 2021 will see the highest increases since 2018. Morgan Stanley’s equity analyst team that tracks the insurance and reinsurance industry…
Read MoreCatastrophe PML trends: Divergent risk appetites & third-party capital use
It’s clear that strategies on underwriting catastrophe risks have diverged in the reinsurance sector, with some traditional companies filling their boots on higher rates, but others pulling back and offloading the risks to their third-party capital vehicles. Overall, reinsurance firms are seen to be taking a measured approach to catastrophe risks in 2020, rating agency…
Read MoreMonthly Dividend Stock In Focus: Eagle Point Income Company
Published on July 16th, 2020 by Nate Parsh Monthly dividend stocks are favored for their more frequent dividend payments than the traditional quarterly dividend payers. Eagle Point Income Company (EIC) is a relatively new company that offers shareholders a monthly dividend payment. There less than 60 stocks that offer a monthly dividend. You can download…
Read MoreMonthly Dividend Stock In Focus: Ellington Financial Inc
Published on July 16th, 2020 by Nate Parsh Investors are often attracted to dividend paying stocks because of the income they produce. Dividend paying stocks provide income, even while the price of the stock can fluctuate. There are some companies that even pay monthly dividends, which allow for consistent cash flows for investors. But there…
Read MoreU.S. riot losses accelerated & worsened by pandemic: Johansmeyer at ILS Asia 2020
In an extensive and insightful keynote at the virtually held Artemis ILS Asia 2020 conference (now available on-demand), Head of PCS, Tom Johansmeyer discussed a number of Covid-19 loss scenarios, including the potential combined impacts of the virus and strike riot, civil commotion (SRCC) in the U.S. Triggered by the killing of unarmed George Floyd…
Read MoreAllstate’s Q2 catastrophe losses rise to almost $1.2bn
Aggregate catastrophe losses suffered by U.S. primary insurance giant Allstate have risen to almost $1.2 billion for the second-quarter of 2020, with the pace of severe weather losses falling slightly in June. By the end of May, Allstate had already suffered $982 million, pre-tax ($776 million, after-tax) of catastrophe losses, largely from severe or convective…
Read MorePGGM and Swiss Re deepen Viaduct Re sidecar relationship to $500m+
PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, has expanded and deepened its private quota share sidecar relationship with reinsurance firm Swiss Re. In total, the Viaduct Re Ltd. private reinsurance sidecar arrangements between PGGM and Swiss Re have…
Read MoreLGT exploring taking equity investment into reinsurer Lumen Re
LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager, is considering ways to enable equity investments to be made into its rated Class 3A reinsurance underwriting vehicle Lumen Re. Speaking during a panel session at our ILS Asia 2020 conference yesterday, Partner and Portfolio Manager at…
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