Investments
Markel warns on Covid-19 hit to ILS operations, Nephila AuM down 4%
Markel Corporation reported its first-quarter 2020 results yesterday and in its report the company warned of the potential hit to its insurance-linked securities (ILS) operations from the Covid-19 pandemic, which is perhaps partly evidenced in a -4% decline in assets under management at Markel’s flagship ILS fund manager Nephila Capital. Markel, the global insurance, reinsurance…
Read MoreHudson Structured to invest $20m in legacy & program specialist R&Q
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, is making a $20 million equity investment in specialist non-life insurance and reinsurance legacy investor and program manager Randall & Quilter (R&Q) Investment Holdings. Randall & Quilter (R&Q) is actually raising $100 million through new investments from institutional quality capital…
Read MoreAXIS sets $235m loss reserve for Covid-19, largely from property lines
AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance company, has revealed an expectation that the Covid-19 pandemic will drive some $235 million of losses, the majority of which will be in its property book. AXIS Capital gave a preview of the expected first-quarter hit to earnings from catastrophe events and severe weather losses, revealing…
Read MoreAon to cut staff pay, reflecting the Covid-19 pain facing brokers
Insurance and reinsurance broker Aon has revealed a raft of pay cuts affecting its staff around the globe, as well as other expense saving initiatives, all of which reflects the expectation that the broking industry may face particularly acute pain as a result of the Covid-19 economic slowdown. While insurance and reinsurance underwriting companies face…
Read MoreThe Complete List of Stocks That Pay Dividends In February
Article updated on April 27th, 2020 by Bob Ciura Spreadsheet data updated daily Retirees face unique challenges when it comes to investing. First among those is the desire to generate monthly income that remains relatively stable each month. Said another way, retirees aim to create a passive income stream that is very consistent in nature.…
Read MoreCovid-19 industry loss estimate hiked 50% by UBS on non-US BI uncertainty
Analysts from investment bank UBS have added 50% to their estimate for the eventual insurance and reinsurance industry loss from the Covid-19 coronavirus pandemic, lifting the top-end of the range to $60 billion. That still sits below the top-end of an estimate from specialist insurance and reinsurance focused equity analysts Dowling & Partners, who as…
Read MoreFive $1bn U.S. convective storm & tornado loss events already in 2020: Aon
The United States has experienced a vigorous and deadly start to the convective storm and tornado season in 2020, with five billion-dollar economic loss events caused by the peril already this year, according to Aon’s Impact Forecasting unit. The insurance and reinsurance broker’s Impact Forecasting team track and report on loss activity from weather around…
Read MoreCEA returns with $400m Sutter Re 2020 catastrophe bond
The California Earthquake Authority (CEA) has returned to the catastrophe bond market for the first time this year, seeking to add at least $400 million of earthquake reinsurance protection with a Sutter Re Ltd. (Series 20201- & 2020-2) issuance. The CEA is the not-for-profit residential earthquake insurance provider in the state and uses a significant…
Read MoreInvestors appreciate contract certainty, fear unanticipated sidecar losses: Willis Re
Insurance-linked securities (ILS) investors may look more favourably on the catastrophe bond in future, as its relative contract certainty compared to some collateralised reinsurance and retrocession structures means they are less likely to be impacted by unexpected losses from the Covid-19 pandemic. Catastrophe bonds, given their largely named peril approach to catastrophe reinsurance and retro…
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