Financial

Hamilton Re, the reinsurance focused operations of Hamilton Insurance Group, has named Megan Thomas from AXIS as its new Chief Executive Officer (CEO). The move comes after Hamilton Re announced back in August that its CEO at the time Kathleen Reardon was departing the company, with Chairman David Brown stepping in as interim CEO for…

Swiss pension funds, or Pensionskassen as they are known, could now allocate a greater percentage of their capital to insurance-linked securities (ILS), if they wanted to, as infrastructure investments have been carved out of the alternatives bucket. In the past, Swiss pensions were only allowed to allocate up to 15% of their assets into an…

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, has raised fresh capital for its insurance-linked securities (ILS) strategies in the first-half of 2020, lifting its ILS assets managed to $2.4 billion. The increase in ILS assets under management at SCOR Investment Partners came as it began leveraging the fronting capabilities…

The traditional and alternative capital sides of the global reinsurance market both declined by around 3% in the first-half of 2020, according to the latest data from broker Willis Re. At the same time, the pressure on traditional reinsurance companies ramped up further as dwindling investment yields drove down their returns on equity (RoE). Willis…

Having struggled with sector results over the last three years, the global reinsurance sector is going to fail to earn its cost of capital in 2020, according to rating agency Standard & Poor’s. S&P maintained its negative credit outlook for the global reinsurance sector today, saying that “we expect to take additional negative rating actions…

Cohen & Company, LLC, the fixed income financial services focused investment specialist, has successfully upsized the initial public offering (IPO) capital raise for its second insurance, reinsurance and insurtech investment focused Special Purpose Acquisition Company, INSU Acquisition Corp. II. INSU Acquisition Corp. II follows on from the first SPAC, often called blank check company, launched…

French reinsurance company SCOR is the latest to forecast a prolonged period of rate hardening across the reinsurance marketplace, saying that it expects prices to rises to be “significant, generalized and long-lasting.” SCOR holds its investor day today and provided an update on its progress and reinsurance market conditions, with its opinion being that firming…