Financial

David Priebe, chairman of Guy Carpenter, expects to see a further $3.5 billion to $7.5 billion of capital enter the industry before 2021, either in the form of reinsurance start-ups or as part of the relaunch of existing entities. Speaking to Artemis during the start of the official renewal season negotiations, he said a ‘Class…

As expected, it appears there have been a wide range of results for August among insurance-linked securities (ILS) funds, as severe storm and hurricane activity drove some to suffer losses, while others absorbed the impact within their income and still delivered positive performance for the month. August saw a particularly heavy toll from catastrophes and…

Catastrophe exposed state focused property and casualty insurer Centauri Insurance has hired Paul Knutson, formerly of broker BMS Group, to lead its capital and reinsurance strategy. Centauri specialises in property insurance in storm exposed, coastal states and serves policyholders across Alabama, Florida, Hawaii, Louisiana, Mississippi, Oklahoma, Massachusetts, South Carolina and Texas at the moment. Knutson…

A new mortality catastrophe bond transaction is in the market, as life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company looks to the capital markets for $100 million of more of mortality related life reinsurance through a La Vie Re Limited (Series 2020-1) deal. Mortality catastrophe bonds remain relatively rare, only…

Zurich-headquartered Schroder Investment Management (Switzerland) AG (Schroders) and London-headquartered specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP have both invested in a $43 million Series B fundraising for Australian life insurer Integrity Life. ILS fund manager Leadenhall Capital Partners had already invested in the same life insurer back in 2018,…