Insurance

The Government of Jamaica will continue to work alongside the World Bank and other multi-lateral groups to increase its disaster insurance protection this year, even though its priority is a swift economic recovery after the Covid-19 pandemic. Jamaica had been planning a catastrophe bond issuance for this year, to enhance its disaster insurance arrangements. The…

Hurricane Delta has intensified overnight as expected reaching 120 mph Category 3 sustained winds as it tracks towards the northern Gulf Coast, with southwestern Louisiana expected to see damaging hurricane force winds and a life threatening storm surge on landfall. Hurricane Delta weakened after passing across Mexico’s Yucatan Peninsula where damage was seen to be…

Wildfires burning across the United States, tropical storms and hurricanes, and monsoonal rainfall have all driven billions of losses across the globe in September 2020, according to Aon’s Impact Forecasting. The catastrophe risk analysis and forecasting unit of the insurance and reinsurance broker highlights the high levels of economic impacts seen during the month, with…

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has added reinsurance and ILS expertise to its Advisory Board with ex-Ventus co-founder Stuart Mercer. The Demex Group launched recently after securing $4.2 million of seed funding from leading financial services, fintech and insurtech…

Whether an asset class has positive ESG (environmental, social or governance) characteristics is one of the hot topics of the investing world, so naturally a topic of focus in insurance-linked securities (ILS) at this time. But it’s more than just a branding exercise in the ILS market, panellists made clear today. Just how aligned insurance-linked…

Three insurance-linked securities (ILS) investors from Australian institutions all agreed that while they are cautiously optimistic about the trajectory of reinsurance renewal rates at January 2021, they want to see risk-adjusted improvements, not just premium rate increases. Speaking during a virtual panel discussion as part of the ILS Bermuda Convergence 2020 event this week, the…

The Pioneer ILS Interval Fund, a dedicated insurance-linked securities (ILS) focused mutual investment fund strategy managed by Amundi Pioneer Investment Management, is anticipating its largest subscription window of the year from a capacity perspective. The Pioneer ILS Interval Fund has shrunk slightly through 2020 so far, having reported $831.64 million of ILS assets at October…

Helios Underwriting is set to raise new capital to help it capitalise on firming insurance and reinsurance pricing in the Lloyd’s marketplace, with insurance specialist institutional investors a key target for the company. Helios’ CEO Nigel Hanbury told us recently that the time is right for growth at Lloyd’s and that, for Helios, insurance-linked securities…

John Neal, CEO of Lloyd’s of London, explained that the insurance-linked securities (ILS) offering being developed for the market will be “different to Bermuda, but complimentary,” as he acknowledged Lloyd’s was slow to embrace the ILS opportunity. Speaking during a virtual fireside chat with Dominic Christian, Global Chairman, Reinsurance Solutions at broker Aon today, Neal…