Financial

For investors looking to access pure, short-tail property catastrophe re/insurance risk, the insurance-linked securities (ILS) fund format is likely the optimal solution, according to Michael Stahel, Partner at LGT ILS Partners. Today, there’s more ways than ever for investors to deploy capital in their search for insurance and reinsurance linked returns. And, with all the…

Global insurance and reinsurance giant Zurich increased its use of and received strong support from reinsurance and retrocessional capital sources in 2020, ceding US $8.6 billion of property and casualty (P&C) premiums to them across the year. That’s slightly more than a 10% increase from the US $7.8 billion of P&C related premiums that Zurich…

Speedwell Group, a long-time specialist service provider to the weather risk management and parametric risk transfer market, has formalised its tropical cyclone risk related settlement services, providing further options for those looking to structure cat-in-a-box or similar parametric wind insurance, reinsurance or swap deals. Speedwell said it has received significant demand for a formalised settlement…

Lloyd’s of London’s recently established insurance-linked securities (ILS) structure, the multi Insurance Special Purpose Vehicle (mISPV) named London Bridge Risk PCC Ltd., is for now limited in its use to quota share reinsurance transactions with a Lloyd’s member, we can report. The London Bridge Risk PCC Ltd. structure was approved by regulators and launched back…

The intensity of extreme cold events such as the recent US winter storms and Arctic deep freeze may become more volatile as the climate changes, Aon has warned, saying that the February loss event will be a record. Currently, insurance and reinsurance industry loss estimates for the recent US winter storms stand at anywhere from…