Investments

The reinsurance market is not in a hard market and in fact rate increases seen at the January 2021 renewal season are only seen as adequate by Moody’s, who believe that reinsurance prices must keep rising for adequate risk-adjusted returns to be achievable. The rating agency said that the January 2021 reinsurance renewals were “favorable…

Hong Kong’s Government has revealed some of the details of its proposed insurance-linked securities (ILS) grant scheme, through which it will pay a share of issuance costs for any ILS structures issued out of the Special Administrative Region. The Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China has been preparing…

Winter storm Uri is destined to become a record insurance and reinsurance market loss for a winter weather event in the United States and while the impacts may be in the double-digit billions of dollars, the ILS market may be protected from too significant a share. A number of factors could play into this, such…

While the entry of third-party, or alternative, reinsurance capital slowed after recent heavy catastrophe years and resulting challenges they brought, those difficulties also “affirmed the persistence of third-party capital owners,” rating agency AM Best has said. Third-party capital has increasingly found its routes into the reinsurance market becoming easier, more efficient and with reduced friction,…

France headquartered global reinsurance firm SCOR noted this morning that the COVID-19 coronavirus pandemic is creating the conditions for stronger reinsurance growth, alongside positive pricing dynamics, which it puts down to a general increase in risk aversion as a result of the pandemic crisis. In reporting its annual results this morning, SCOR revealed an increase…

Twelve Capital, the Zurich headquartered insurance and reinsurance linked investment fund manager, has almost doubled the size of its flagship UCITS catastrophe bond fund in a year. At the end of January 2020, the insurance-linked securities (ILS) fund manager had reported that the Twelve Capital’s Cat Bond UCITS fund had reached $550 million in assets…