Insurance
Don’t rule out more longevity swaps by year-end: Aon
The pension fund risk settlement market has been up and down throughout 2020, as the pandemic related uncertainty has caused activity to fluctuate in the longevity swap, reinsurance and bulk annuity market. But Aon believes total volumes could still hit UK £50 billion this year. More activity may be seen before the end of 2020,…
Read MoreCat bond funds lead in August, as loss events erode aggregates for private ILS
Catastrophe bond fund returns led the way through August 2020 with another strong month, while private ILS and collateralised reinsurance suffered a little as a string of catastrophe events eroded aggregates and caused some declines in return. According to the Eurekahedge ILS Advisers Index the average return of catastrophe bond and insurance-linked securities (ILS) funds…
Read MoreSCOR optimises P&C leadership, promotes Liot to Chief Retrocession Officer
French reinsurance company SCOR has optimised its leadership across its property and casualty arm SCOR Global P&C, with one of the changes being a promotion to Chief Retrocession Officer for Benoît Liot. Liot leads all insurance-linked securities (ILS), catastrophe bond and sidecar issuances for SCOR Global P&C, a key role for the reinsurer as it…
Read MoreFidelis returns for second Herbie Re cat bond, a $175m multi-peril deal
Fidelis has returned to the catastrophe bond market for its second transaction, as the company looks to embed the capital markets more deeply within its reinsurance program arrangements with a $175 million Herbie Re Ltd. (Series 2020-2) issuance. Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance company launched by industry veteran Richard Brindle, sponsored…
Read MoreBest of Artemis, week ending 4th October 2020
Here are the ten most popular news articles, week ending 4th October 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Register for our mid-November reinsurance &…
Read MoreCCRIF targets private sector risk with parametric utilities cover
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) is expanding its appetite to include private sector risk, with the launch of a parametric insurance product for the electric utility sector in the Caribbean. Adding risk from the private sector to its already growing pool of largely sovereign catastrophe risk will help…
Read MoreExpect more newcos come January: David Priebe, Guy Carpenter
David Priebe, chairman of Guy Carpenter, expects to see a further $3.5 billion to $7.5 billion of capital enter the industry before 2021, either in the form of reinsurance start-ups or as part of the relaunch of existing entities. Speaking to Artemis during the start of the official renewal season negotiations, he said a ‘Class…
Read MoreMixed ILS fund impacts from August storms & hurricanes
As expected, it appears there have been a wide range of results for August among insurance-linked securities (ILS) funds, as severe storm and hurricane activity drove some to suffer losses, while others absorbed the impact within their income and still delivered positive performance for the month. August saw a particularly heavy toll from catastrophes and…
Read MoreCentauri hires ex-broker Knutson to lead capital & reinsurance strategy
Catastrophe exposed state focused property and casualty insurer Centauri Insurance has hired Paul Knutson, formerly of broker BMS Group, to lead its capital and reinsurance strategy. Centauri specialises in property insurance in storm exposed, coastal states and serves policyholders across Alabama, Florida, Hawaii, Louisiana, Mississippi, Oklahoma, Massachusetts, South Carolina and Texas at the moment. Knutson…
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