MultiStrat acquired by Canopius

Multi-Strat Holdings Ltd., the Bermuda based holding company that underwrites casualty and longer-tailed reinsurance and arranges casualty insurance-linked securities (ILS) transactions, has been acquired by Canopius Group Limited. Canopius, the global specialty insurance and reinsurance group headquartered in London, is making a majority acquisition of MultiStrat, but the MultiStrat brand will live on in the…

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Lanny’s Coronavirus Dividend Stock Watch List

Yes, you’ve read the title correctly.  I am on the hunt for bullet-proof dividend stock investments that will stand strong during and after the pandemic, i.e. the Coronavirus/COVID-19. Coronavirus watch list intro Given the recent stock market panic and seeing the S&P 500 drop 20% over the last month (through 3/13/2020), it’s time to take…

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RMS names Michael Steel as Global Head of Business Development

Global catastrophe risk modeller RMS has appointed Michael Steel, who previously served as the Group Chief Risk Officer at AXIS Capital, as Global Head of Business Development, joining the RMS Executive Committee. Steel first joined RMS in 2016 as Global Head of Risk Solutions and prior to his appointment, had been serving in a strategic…

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PERILS expands Australian coverage to include motor lines

Industry backed catastrophe loss data aggregator and estimator, PERILS AG, has announced the extension of its line of business reporting to include Australian motor for both personal and commercial lines. Under its new offering, PERILS will make available market-wide motor sums insured exposed to earthquake, flood, tropical cyclones, extratropical cyclones, hailstorms, and bushfires in Australia…

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Property firming to persist. Reinsurance rates & loss creep a driver: AmWINS

Property insurance rates are expected to continue hardening through 2020 and into 2021 by AmWINS, as the company believes reinsurance pricing and loss creep have become key drivers, while capacity is not yet showing a sign of returning in abundance to dampen the momentum. The market continues to move in a range of directions though,…

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CATCo fund directors “will not raise further capital in any circumstances”

The directors of the listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd., have confirmed that they won’t look to raise further capital “in any circumstances”. The announcement confirms the strategy to run-off and shutter all of the Markel CATCo Investment Management retrocessional reinsurance investment funds. Markel CATCo Investment…

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Best of Artemis, week ending 15th March 2020

Here are the ten most popular news articles, week ending 15th March 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…

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Monthly Dividend Stock In Focus: Superior Plus

Updated on March 14th, 2020 by Nate Parsh Monthly dividend stocks are highly appealing to individuals such as retirees, because they make it significantly easier to budget dividend income against living expenses. We’ve compiled a list of all 58 monthly dividend stocks. You can download our full Excel spreadsheet of all monthly dividend stocks (along…

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ILW market growth to come from specialty & cyber risks: Johansmeyer

The industry-loss warranty (ILW) market can be a driver of diversification for the insurance-linked securities (ILS) market as a whole, with growth expected in specialty lines and cyber risks. This is according to Tom Johansmeyer, Head of PCS, who spoke with A.M. Best TV at our recent New York insurance-linked securities (ILS) market conference, ILS…

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