Insurance
Funded buy-sell agreements bring powerful benefits
A buy-sell agreement between the joint owners of a closely held business or professional practice is critical for the orderly continuation of the business following a “triggering event,” such as the death, divorce, disability, bankruptcy, retirement or termination of an owner. Original Article Posted at : https://www.accountingtoday.com/opinion/funded-buy-sell-agreements-bring-powerful-benefits
Read MoreChange Through Action: Diversity, Equity, and Inclusion in Insurance
By Kris Maccini, Social Media Director, Triple-I Dr. Leroy Nunery II While the insurance industry acknowledges the importance of Diversity, Equity, and Inclusion (DEI), has it become part of the core values and culture? The short answer: there has been progress, but more action is needed. Triple-I met with Dr. Leroy Nunery II, author of…
Read MoreTime right for ILS to enter cyber reinsurance market: Chatterjee, Envelop Risk
The evolution of the cyber reinsurance sector has seen a significant shift in market structure to something much more palatable for providers of insurance-linked securities (ILS) capacity, according to Ari Chatterjee, Chief Underwriting Officer (CUO) at Envelop Risk. Prior to 2020, cyber risk exposure was on the rise globally amid the increased interconnectedness of the…
Read MoreIncreased climate disclosure & ESG scrutiny to benefit re/insurers and ILS
The insurance and reinsurance sector can benefit from increased disclosure of climate-related risks and increasing scrutiny from regulators is also expected to ultimately benefit the industry, Moody’s has said, which we’d suggest will include much-needed benefits for the insurance-linked securities (ILS) market as well. Climate-related risks and whether they are being fully-accounted for in the…
Read MoreCEA targets record risk transfer in 2021, but cites rising reinsurance costs
The California Earthquake Authority (CEA) is targeting to increase the size of its risk transfer and reinsurance program to a new high of almost $9.8 billion of limit in 2021. The CEA’s reinsurance and risk transfer program, which includes a significant contribution from catastrophe bonds, ended 2020 at around $9.15 billion in size. The CEA’s…
Read MoreNCIUA’s new cat bond hits $250m raised target, price drops 13%
The North Carolina Insurance Underwriting Association (NCIUA) latest catastrophe bond has now upsized by 150%, with the Cape Lookout Re Ltd. (Series 2021-1) transaction set to provide it $250 million of reinsurance from the capital markets. At the same time, the spread on the cat bond notes dropped considerably thanks to ILS investor appetite, with…
Read MoreERS raises $350m as specialty lines & ILS build-out continues
As once motor-focused specialist insurer ERS continues its expansion and diversification into a multi-line insurance, reinsurance and insurance-linked securities (ILS) operation, the company has raised $350 million of capital from private equity investors. Existing investor Aquiline has led a private investor group into this capital raise, alongside Abry Partners, a Boston-based private equity firm. As…
Read MoreLeadenhall ILS funds ESG classified under Article 8 of EU SFDR
Leadenhall Capital Partners LLP, London headquartered insurance-linked securities (ILS) and reinsurance related investments manger, has achieved a classification of its European open ended ILS funds under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR). Leadenhall has been working to embrace environmental, social and governance (ESG) within its ILS investment fund management operations in recent…
Read MoreJamaica to sponsor World Bank cat bond before 2021 hurricane season
The Government of Jamaica aims to have its World Bank supported catastrophe bond issued and in place, providing a much-needed source of capital market backed disaster insurance protection in advance of the 2021 hurricane season, its Finance Minister said yesterday. Jamaica had been planning a catastrophe bond issuance a year ago, to enhance its disaster…
Read More