Investments

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse Insurance Linked Strategies team, is targeting an expansion of business across most of the underwriting classes it operates in for 2020. In reporting its 2019 results, the Arcus 1856 team revealed that a hit from typhoons Faxai…

Hyperion X, the data analytics focused entity of the Hyperion Insurance Group, the global broker and consultancy that includes RKH Reinsurance Brokers, is partnering with Vario Partners LLP to launch a collateralised whole-account reinsurance offering backed by insurance-linked securities (ILS). Vario Partners was launched as a specialist and capital markets focused risk advisor in late…

Nephila Capital, the largest insurance and reinsurance linked investment manager in the market, has again slightly lifted its stamp capacity target for the coming year to $554 million for 2020 for its syndicate at Lloyd’s. In 2019, Nephila’s syndicate suffered a loss of of almost $84.4 million, which was around 50% better than the 2018…

The April reinsurance renewals saw significant rate increases that offered a chance for insurance-linked securities (ILS) funds to create a much higher returning book of Japanese catastrophe risk for their portfolios, but the results appear to have been uneven. While loss-hit Japanese catastrophe reinsurance towers exposed to wind and flood saw price increases of as…

Record first-quarter issuance of new catastrophe bonds and related insurance-linked securities (ILS) resulted in over $5 billion of risk capital coming to market as 2020 got off to a rapid start, driving the outstanding market to a new high according to the latest report and data from Artemis. Our latest quarterly report on the catastrophe…

Reinsurance rates rose by as much as 50% at the 1.4 April reinsurance renewals according to Willis Re, but the insurance-linked securities (ILS) market is reported to have deployed slightly less capacity as some ILS funds dealt with redemption requests. The Covid-19 coronavirus pandemic escalated right as the April reinsurance renewals reached their critical point…

Global reinsurance giant Munich Re has become the first major player to withdraw its stated profit guidance for 2020, as it revealed a “considerable claims burden” caused by losses from the Covid-19 coronavirus pandemic. Munich Re’s CEO Joachim Wenning had confidently set out a profit target of €2.8bn for 2020 as recently as late February,…

Plaintiff attorneys believe there are a number of legal precedents that could mean insurers end up taking more business interruption claims from the Covid-19 coronavirus pandemic than initially thought, which analysts say suggests a rising risk of the impact being greater than anticipated. As we explained last week, legal actions seeking to allow businesses and…

For the property reinsurance marketplace, the impacts of the Covid-19 coronavirus pandemic are expected to be largely driven by macro-economic factors, although some specific contracts could be at-risk of legislative efforts around inclusions, according to Aon. In a client briefing seen by Artemis, Aon explains that property reinsurance contracts would be largely expected to follow…