Selective says reinsurance renewal rates outpaced its primary lines

Selective Insurance Group said that reinsurance rate increases are outpacing those seen on its primary policies, which means that its underwriting profits will be dented in 2021. Selective is the first primary insurer to say that rising reinsurance pricing is moving faster than its own ability to increase rates for its primary policies, with the…

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At 67, This Retired Hall of Fame Coach Started a Business in the Middle of a Pandemic

There have been 100’s of stories about amazing people starting up new businesses in the middle of a global pandemic. The sports world in particular took a huge hit when all sports started getting cancelled early in 2020.  Coach David Houle, the winningest high school coach in American history and a Hall of Fame inductee […]

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Ukraine’s domestic bonds yields will keep foreign investors interested in 2021, says Konstantin Stetsenko, ICU

2020 started with the Ukrainian fixed income market seeing large demand from international investors. But with the COVID-19 pandemic foreigners began to withdraw funds from hryvnia denominated bonds. However, the end of 2020 saw a return of their interest to UAH debt. Konstantin Stetsenko, co-founder of ICU, an independent asset management, private equity and investment […]

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ABIR launches ILS working group, PartnerRe’s Hughes to lead

The Association of Bermuda Insurers and Reinsurers (ABIR) has launched a new working group focused on insurance-linked securities (ILS) and alternative reinsurance capital. ABIR has set up a range of working groups and committees focused on key issues and opportunities facing the insurance and reinsurance market, with the goal of ensuring the Bermuda market is…

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Brit’s ILS asset manager Sussex Capital grows to $525m

Specialty insurance and reinsurance player Brit Ltd. successfully expanded its insurance-linked securities (ILS) management activities during 2020, with its Sussex Capital ILS management and collateralised reinsurance platform increasing its assets under management to $525 million. Sussex Capital is an insurance linked securities (ILS) asset management platform that Brit founded in Bermuda in 2017. ILS and…

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