Investments

Insurance and reinsurance broker Willis Towers Watson (WTW) has reported that US commercial property insurance prices continued to accelerate higher in the last quarter of 2020, a difference of opinion with rival Marsh. Marsh has already reported on US commercial insurance pricing in Q4 2020 and noted that while price increases across US commercial property…

Florida’s insurance marketplace needs targeted legislative reform to address the numerous issues being faced by carriers in the state according to Demotech, while access to additional capital remains key for the “dysfunctional” marketplace. Rating agency Demotech, Inc. has laid out some of the issues facing Florida’s property insurers, citing an urgent need to address litigation…

Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle, secured £53.5 million of new capital through a share issuance, the majority of which has come from insurance-linked securities (ILS) market sources. As we explained yesterday, Helios was targeting a £60 million capital raise, with £40.8 million of the total set to be committed…

The North Carolina Insurance Underwriting Association (NCIUA) looks set for strong execution within the catastrophe bond market with its first issuance of 2021, as the target for its new Cape Lookout Re Ltd. (Series 2021-1) transaction has been more than doubled to $250 million in size. This is the latest catastrophe bond to show strong…

Insurance-linked securities (ILS) asset managers could give themselves an edge in the allocation process, if they have a “well-defined and thoughtful” Responsible Investment policy, according to the Standards Board for Alternative Investments (SBAI). The Standards Board for Alternative Investments (SBAI) has developed a Responsible Investment framework for alternative investment managers, seeking to assist them in navigating…

Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has returned to the capital markets to sponsor an almost $70 million renewal sidecar issuance through its special purpose insurer Voussoir Re Ltd. Voussoir Re Ltd. was first registered in Bermuda in 2019, as a special purpose insurer and segregated accounts vehicle established for collateralised…