Investments
Everest Re warns of $150m Covid-19 hit largely to reinsurance book
Global insurance and reinsurance group Everest Re has warned the market that it is reserving for a potential $150 million hit to its business from losses due to the Covid-19 coronavirus pandemic. While Everest Re said that it expects to report a combined ratio of below 100% across its consolidated reinsurance and insurance operations for…
Read MoreCat bond market opportunities being drip-fed to manage available capital
Opportunities to invest in catastrophe bonds are being drip-fed or staggered into the market to a degree, with efforts to prevent available capital becoming overwhelmed or drying up seemingly evident in both the secondary trading and primary issuance markets for cat bonds. The catastrophe bond market has just been through its biggest first-quarter in the…
Read MoreArtemis Live: Interview with Frank Majors, Nephila Capital
For the second Artemis Live audio and video interview I was delighted to speak with Frank Majors, co-CEO and President of Nephila Holdings, and a Director of insurance-linked securities (ILS) fund manager Nephila Capital. All of our Artemis Live video interviews can be accessed directly from our YouTube Channel and we have more interesting discussions…
Read MoreMarch 2020 Dividend Income from YOU the Bloggers!
We are in the heart of the coronavirus (COID-19) pandemic. This is a truly unique time, something that neither of us have seen during our investing careers. For the first time, companies in our portfolios have announced more dividend cuts than dividend increases in a month and the worst may still not be over. The…
Read MoreILS Asia 2020 – Our annual ILS conference for Asia now online & virtual
Unfortunately we cannot return to Singapore this year to hold our annual ILS Asia 2020 conference due to the global coronavirus pandemic. After four happy and successful years in Singapore, ILS Asia 2020 is going online and virtual for what will be our fifth annual insurance-linked securities (ILS) conference with a focus on Asia and…
Read MoreTwo Resilience Re private cat bond maturities extended another year
The maturity dates for two private catastrophe bonds that were issued through the Willis Towers Watson operated Resilience Re Ltd. platform have been extended by another year, to allow for ongoing development of losses to the subject business. The private cat bond transactions in question are a $173 million Resilience Re Ltd. (Series 1741A) and…
Read MoreCovid-19 BI an existential threat, reinsurance capital availability key: Willis Re
Business interruption claims from the Covid-19 coronavirus pandemic pose an “existential threat” to the entire reinsurance industry, broker Willis Re said today. At the same time, the pressures from the pandemic are likely to push re/insurers to support their capital through de-risking and hedging, making reinsurance capital availability key. Of course, this also positions the…
Read MoreSCOR’s Atlas Capital 2020 cat bond lifted to $200m at top-end price
SCOR, the global reinsurance company, has successfully priced its latest catastrophe bond Atlas Capital Reinsurance 2020 DAC (Series 2020-1) at its original target size of $200 million, but with pricing now at the top-end of an elevated guidance range. SCOR had originally returned to the catastrophe bond market in mid-March with its new Atlas Capital…
Read MoreHealthcare of Ontario Pension Plan (HOOP) on diversification into ILS & Covid-19
A shift from equities into alternative asset classes including insurance-linked securities (ILS) has helped to cushion the blow of the market volatility seen as a result of the Covid-19 coronavirus for the Healthcare of Ontario Pension Plan (HOOPP). The latest large Canadian institutional retirement fund to target the insurance-linked securities (ILS) market as a source…
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