Financial
Rate rises + tighter terms + dislocation + quality cedes = higher ILS return potential
Insurance-linked securities (ILS) market return potential is on the rise and in some cases the portfolios constructed, or added to, at the January 1st 2021 reinsurance renewals, are going to have significantly higher return potential for their investors. The reasons for this are varied and the causes of this situation numerous. But there are a…
Read MorePlenum’s CAT Bond & Insurance Capital funds get FNG sustainability label
Two insurance-linked securities (ILS) funds operated by Zurich based specialist ILS and catastrophe bond investment manager Plenum Investments have been accredited with a sustainability FNG Label by the German “Forum Nachhaltige Geldanlagen e.V.” Our recent survey (results coming soon), found that ESG has huge strategic relevance for the insurance-linked securities (ILS) and reinsurance-linked investments community.…
Read MoreLloyd’s expects rate to be primary driver of 2021 growth
The Lloyd’s insurance and reinsurance market is expecting hardening market conditions to enable its syndicates to grow largely through achieving better rates, with many not expected to assume greater exposures according to plans, CEO John Neal said today. In a sign of the continued underwriters market, this suggests that prudent players will be able to…
Read MoreAlphabet’s (Google’s) first catastrophe bond priced on-target at $237.5m
The first catastrophe bond to be sponsored directly for the benefit of Alphabet, Inc., the holding company for Google and its many units, has now been priced on-target at the mid-point of guidance, while the Phoenician Re Ltd. (Series 2020-1) cat bond transaction will close at the same $237.5 million size it launched at. Alphabet,…
Read MoreWill Chipotle Ever Pay A Dividend?
Published on November 26th, 2020 by Josh Arnold The COVID-19 crisis has created many winners and losers as the world’s consumers reset some behaviors, and accelerated the shift to digital. That has occurred in industries like retail, but also in restaurants, with the chains with heavy digital presences in place before the crisis thriving, while…
Read MoreIndustry needs to contain cyber and intangible risks: Prospectus 2021
Within both the market and contracts the exclusion of communicable diseases is unsurprisingly a key focus, but there are other, similarly difficult to predict losses that companies should be examining, according to industry experts. “While cyber certainly shouldn’t be unexpected, I really don’t think we’ve got our arms around it, as yet,” said Heather Kitson,…
Read MoreReinsurance could take brunt of COVID second wave losses: Barclays
Reinsurance capital could find itself on the hook for the largest share of COVID-19 losses from second waves of the virus sweeping Europe, with primary insurers largely happy with their loss-picks so far, analysts at Barclays have said. As Europe entered its second wave proper of the COVID-19 coronavirus pandemic in recent weeks, the analysts…
Read MoreSingapore Gov calls for catastrophe bond cooperation with China
China’s western region and in particular the municipality of Chongqing with its population of over 31 million, which includes the megacity of the same name, could benefit from cooperation on topics such as disaster insurance, with catastrophe bonds seen as an opportunity, according to the Singapore government’s Monetary Authority. Speaking at the 3rd Singapore-China (Chongqing)…
Read MoreSCOR’s Atropos ILS fund AuM exceeds $1bn, SCOR IP and Coriolis $2.4bn
SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, has continued to add new capital to one of its core insurance-linked securities (ILS) fund strategies, the Atropos, which has now exceeded the $1 billion mark in terms of assets under management. At the same time, SCOR Investment Partners overall insurance-linked securities…
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