Cyber modeller Kovrr adds John Butler of Cohen & Co. to advisory board

Cyber risk modelling company Kovrr has added new insurance, reinsurance and insurance-linked securities (ILS) expertise to its advisory board with the addition of John Butler, Head of Cohen & Company’s U.S. Insurance Asset Management Platform and Global ILS Program. Butler has worked in the reinsurance and insurance-linked securities (ILS) space during his career and will…

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Climate change could drive extreme weather losses 40% higher: Researchers

Economic losses from extreme weather related events could increase by 40% by 2040 due to the influence of climate change, according to researchers. Researchers from the Cambridge Centre for Risk Studies found that climate change could add some $100 billion of additional losses to extreme weather events globally, with an increase of 20% by 2040…

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Property market loss from Australia’s January hailstorms A$670m: PERILS

The property insurance market loss from the severe hailstorms that struck the southeastern region of Australia in January has been preliminarily estimated at A$670 million by PERILS AG. The Zurich based, industry backed estimator of catastrophe insurance and reinsurance market losses only includes property insurance related losses, so does not report on motor or other…

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PGGM adds private quota share with Swiss Re through Viaduct Re Ltd.

PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, added a private quota share arrangement with reinsurance giant Swiss Re in 2019, using a special purpose insurer (SPI) named Viaduct Re Ltd. Last month we reported that PGGM had made…

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PartnerRe sale to Covéa agreed at $9bn by Exor

An agreement on the sale of PartnerRe has been reached between EXOR, the Agnelli family owned holding company investor, and French insurance group Covéa. Covea will acquire reinsurance firm PartnerRe for $9 billion, delivering a healthy return on the investment made by Exor, the Italian holding company and investment entity of the Fiat owning Agnelli…

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The 2020 Dividend Aristocrats List | See All 64 Now

Updated on March 3rd, 2020 by Bob Ciura Spreadsheet data updated daily The Dividend Aristocrats are a select group of 64 S&P 500 stocks with 25+ years of consecutive dividend increases. They are the ‘best of the best’ dividend growth stocks. The Dividend Aristocrats have a long history of outperforming the market. The requirements to…

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Monthly Dividend Stock In Focus: STAG Industrial

Updated on March 3rd, 2020 by Josh Arnold For investors seeking yield, the real estate industry is a great place to look. Intuitively, this is not surprising. Real estate owners collect predictable income from their tenants. Thus, the real estate business is qualitatively geared for business owners that want to collect periodic income. This characteristic…

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ILS funds could see some Coronavirus contingency claims leakage: von Herberstein

The insurance-linked securities (ILS) fund market does hold some exposure to contingency related risks, including from event related exposures, which means there is a chance of some claims leaking to ILS funds from coronavirus triggered claims, Hudson Structured partner Edouard von Herberstein said today. Speaking at the SIFMA Insurance and Risk Linked Securities conference held…

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ILS funds face challenge to accurately value PG&E settlement: KPMG

Insurance-linked securities (ILS) fund managers, as well as other managers of third-party capitalised reinsurance and retrocesion vehicles, face a particularly significant challenge when it comes to accurately valuing the PG&E wildfire related subrogation settlement in their funds, the actuarial team at KPMG highlighted. As we’ve covered previously, Californian electrical utility PG&E has agreed an $11…

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