Property catastrophe reinsurance demand may increase at 1/1 renewals: Aon

Demand for property catastrophe reinsurance could increase at the key January 2021 renewals according to broker Aon, as the trend of insurance carriers better protecting themselves following the pandemic may continue. Insurance and reinsurance broker Aon noted in its latest market outlook report that reinsurance capital remains accretive to insurance carrier strategies and that a…

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Dividend Stock Watch List: Lanny’s October 2020 Edition

As investors, there are always opportunities out there.  The stock market has actually shown red in the previous two weeks, something investors have not seen in quite a few months!  Given the stock market has slightly declined, investment opportunities are out there to help you on your journey to financial freedom.  Let’s buckle up and…

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PartnerRe appoints Nicholas Hughes to lead expanded retro team

PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has announced the appointment of Nicholas Hughes as Head of Retrocession, alongside the additions of Aaron Coates from Twelve Capital and Guy Hengesbaugh, formerly of Guy Carpenter Bermuda. In this newly created position, Hughes is set to lead the reinsurer’s expanded retrocession team as part of…

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Asia to become increasingly relevant in life insurance-linked securities

Globally, the life insurance-linked securities (ILS) space is gaining momentum and in Asia specifically, the risk/return profile appears to be improving, according to Luca Tres, Head of Life, Securis Investment Partners. Tres, alongside Tom Spreutels, Head of Origination, Life & Alternative Credit at Leadenhall Capital Partners, participated in an expert panel debate focused on the…

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Collateral held in trust for ILS transactions rises 11% for Hannover Re

Global reinsurance firm Hannover Re has been quietly expanding its activities in the insurance-linked securities (ILS) space for some time, as a key facilitators for collateralised transactions and acting as a front for certain ILS funds and investors. Every so often, more details emerge on the growth of this side of Hannover Re’s business, which…

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Beazley raises Covid-19 loss estimate to $340m on event cancellation

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has increased its estimate of the cost of Covid-19 claims for its first party business by 100% to $340 million, net of reinsurance, in light of the evolving status of the pandemic crisis. Back in April, Beazley revealed an expected Covid-19 claims burden of $170…

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Arch unveils establishment of single managing agency

Arch Insurance International, a wholly owned subsidiary of Bermuda headquartered insurance and reinsurance firm, Arch Capital Group, Ltd., has announced the launch of Arch Managing Agency Limited. Formerly Barbican Managing Agency Ltd, the newly established Arch Managing Agency Limited brings together Arch Underwriting at Lloyd’s and Barbican Managing Agency Ltd. into a single operation. Effective…

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FloodFlash scales sensor-based parametric flood cover to larger corporates

Insurtech start-up FloodFlash, which offers an innovative sensor-based approach to support parametric flood insurance triggers, is scaling up its offering with the help of major reinsurance carriers to provide protection to larger corporations. FloodFlash’s technology has helped to launch the first property level parametric flood insurance product, utilising water level sensors developed by FloodFlash, which…

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