Financial
Investor appetite remains but ILS sector’s “mettle” to be tested: Flandro, Hyperion X
Despite the capital markets enduring the biggest shift since the financial crisis, driven by the impacts of the Covid-19 pandemic, investment appetite for insurance-linked securities (ILS) assets remains healthy, according to David Flandro, Managing Director at Hyperion X. In a video interview with Artemis, available in full here along with other video content, Flandro offered…
Read MoreEverest Re adds to hedges with ILW’s, Mt. Logan Re AuM stays flat
Everest Re, the global insurance and reinsurance firm, has been buying hedging protection in the form of industry-loss warranty (ILW) coverage in 2020, while catastrophe bonds and its Mt. Logan Re collateralised reinsurance vehicle also continue to play a key role in its protection for the all-important hurricane season. Speaking during the Everest Re earnings…
Read MoreGlobal Pandemic Dividend Cuts – Impact on Lanny’s Portfolio
The Pandemic is tearing down the walls us dividend investors built! We must protect this house that pumps out portfolio income. The dividend cuts have cut deep. The pain is real. However, could it be worse? the dividend cuts Dividend cuts have been almost commonplace, over the last 4-8 weeks. There’s no debate, the global…
Read MoreDescartes Underwriting & Generali partner on parametric insurance
Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has partnered with primary carrier giant Generali on creation and distribution of parametric insurance products. The partnership aims to develop new parametric insurance solutions to actively respond to the evolving global risk landscape, the pair…
Read MorePricing leaps on Citizens new cat bond, reflecting Florida renewal rates
In a clear sign of ILS fund demands for higher returns from underwriting catastrophe risks in the Florida reinsurance market, pricing for Florida Citizens’ new $300 million Everglades Re II Ltd. (Series 2020-1 & 2020-2) catastrophe bond has leapt significantly above the top-end of guidance. As we explained earlier today, ILS funds are hoping for…
Read MoreILS fund underwriters down pens on Florida renewals
We’re told that underwriters from some of the biggest insurance-linked securities (ILS) fund managers have effectively “downed pens” on the Florida reinsurance renewals, in reaction to the pricing and terms on offer. The Florida reinsurance renewals at June 1st 2020 were always going to be contentious. Enough has happened over the last few years in…
Read MoreLloyd’s estimates non-life pandemic industry loss at $107bn
Lloyd’s of London, the specialist insurance and reinsurance marketplace, has estimated that the non-life insurance industry faces as much as $107 billion of losses from the Covid-19 coronavirus pandemic to the 2020 underwriting year alone. It’s a massive figure, sitting above the top-end of consensus estimates and reflects the enormous toll that the industry faces,…
Read MoreCat bond investors force pandemic exclusion into new ResRe deal from USAA
In a show of discipline by the catastrophe bond investor base, we’re told that the new cat bond from USAA, the $100 million or greater Residential Reinsurance 2020 Limited (Series 2020-1) deal, has now had a pandemic exclusion forced into its documentation. USAA returned to market just this week with the Residential Re 2020-1 catastrophe…
Read MoreConsensus emerging on $30bn to $100bn Covid-19 industry loss: Willis Re
There is an early consensus emerging on the size of the insurance and reinsurance industry loss from the Covid-19 coronavirus pandemic, with the broad range now focused on being $30 billion to as much as $100 billion, according to broker Willis Re. It’s a fairly safe bet that the ultimate industry loss falls somewhere into…
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