Investments

As our sister publication Reinsurance News reported yesterday afternoon, Lloyd’s has asked its members that have been hit by sizeable losses as a result of the Covid-19 coronavirus pandemic to accelerate capital injections with the goal of stabilising the markets capital position. Rating agency S&P Global Ratings explained that currently losses from Covid-19 falling to…

Silent pandemic risk as akin to silent cyber. It’s an exposure that is potentially secreted deep inside numerous lines of insurance and reinsurance business, with claims governed by contractual fineries and wordings. As a result it’s an exposure that is hard to quantify, but that may require hedging. At a time when interest in pandemic…

The 2020 Atlantic hurricane season could see activity levels that are around 25% above the long-term norm, according to Tropical Storm Risk which has increased its forecast number of storms and hurricanes in its latest update. The Tropical Storm Risk (TSR) hurricane forecasting team, an insurance and reinsurance industry supported venture, published its latest update…

Global Atlantic Financial Group Limited, a leading United States life, retirement and annuities insurance and reinsurance company, has launched an intriguing co-investment vehicle named Ivy, which will operate as a kind of sidecar structure and is funded with $1 billion to invest in life and annuity reinsurance deals. The company announced the launch of Ivy…

The ongoing legal action to force pandemic business interruption and shutdown claims from the Covid-19 coronavirus outbreak into property or catastrophe insurance and reinsurance programs may be tempered by an appreciation that this would significantly impact the global re/insurance market, A.M. Best believes. A.M. Best has revised its outlook for the United States commercial insurance…

Insurance and reinsurance companies need to adapt to a “dynamic risk landscape” to incorporate socio-economic factors, climate change research and risk mitigation in their modelling, in order to keep weather risks insurable, Swiss Re warned today. In 2019, extreme weather events were once again the main driver of losses for the insurance and reinsurance industry,…

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, said this morning it has entered into a definitive agreement to acquire Bermuda-based insurance-linked securities (ILS) asset manager Lutece, which it will rename Peak Capital. Lutece was launched back in 2017 by Erik Manning, an experienced…

The central catastrophe bond investment proposition has held during the extreme financial market volatility created by the coronavirus pandemic, with the ILS asset class positively outperforming other traditional asset classes, according to Twelve Capital. The overwhelming majority of catastrophe bonds are fundamentally unaffected by the current Covid-19 coronavirus crisis, as only a small fraction of…

The results are now in from our market survey that we launched recently alongside sister publication Reinsurance News asking the insurance, reinsurance and insurance-linked securities (ILS) industry for its opinion on the market implications of the Covid-19 coronavirus pandemic. We are witnessing history unfolding as a global industry that is profoundly connected and affected –…