Insurance
Munich Re expects low triple-digit million losses for hurricanes & Beirut explosion
Global reinsurance firm Munich Re said today that it expects a low triple-digit million Euro loss for both recent Atlantic hurricane season impacts and the Beirut port explosion. Speaking at a virtual media briefing in place of the Monte Carlo Rendez-Vous event the company would have held, Torsten Jeworrek, CEO of Reinsurance for Munich Re,…
Read MoreAspen to introduce “new and innovative” capital markets structures
Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance group, aims to attract increased levels of third-party investor capital to its Aspen Capital Markets unit, through the introduction of “new and innovative” structures. The company announced its half-year results on Friday, revealing that the COVID-19 pandemic drove it to an after tax operating loss…
Read MoreMcGill & Partners hires Milgate to lead growing treaty reinsurance team
McGill & Partners, the boutique risk solutions firm launched by former Aon President Steve McGill, has announced the hiring of Angus Milgate as Head of Treaty Reinsurance, as well as a raft of hires expanding that team to 34 members. Angus Milgate was most recently Head of UK and Ireland for Aon’s Reinsurance division. He…
Read MoreLedger Investing hires Brad Fischtrom from AIG as Chief Operating Officer
Ledger Investing, an insurance technology (insurtech) and insurance-linked securities (ILS) venture-backed start-up, has made a key hire in taking AIG’s Chief Risk Officer for North America General Insurance, Brad Fischtrom as its new Chief Operating Officer (COO). Ledger Investing launched in 2016 with a goal to create a business-to-business marketplace for the securitisation of insurance…
Read MoreHong Kong consults on rules to restrict ILS to qualified investors
The Government of Hong Kong continues to make progress on its mission to bring insurance-linked securities (ILS) business to the Special Administrative Region, launching a consultation paper on the definition of eligible ILS investor, as well as minimum investment size guidance and penalties should these rules be breached. The Hong Kong Special Administrative Region (HK…
Read MoreBest of Artemis, week ending 6th September 2020
Here are the ten most popular news articles, week ending 6th September 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. Last chance to register for our…
Read MoreSwiss Re holds onto reinsurance top-spot, driven by non-life expansion
Swiss Re has stayed at the top of the Top 50 Global Reinsurance Groups leaderboard, as significant growth in large non-life transactions helped the company increase its gross premiums written by 16% in 2019. According to the latest data of the 50 largest reinsurance groups in the world from rating agency A.M. Best, which is…
Read MoreElementum “not significantly impacted” by COVID-19 in H1: White Mountains
As the COVID-19 pandemic impact spread around the world and through insurance and reinsurance during the first-half of 2020, the insurance-linked securities (ILS) fund management business of Elementum Advisors, LLC was “not significantly impacted” according to key investor White Mountains. White Mountains again highlighted the benefits of ILS as an ass class, in the lack…
Read MoreArch secures upsized $423m Bellemeade Re 2020-2 mortgage ILS issuance
Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance firm with a growing mortgage insurance arm, successfully secured its second mortgage insurance-linked securities (ILS) transaction of 2020, upsizing the Bellemeade Re 2020-2 Ltd. transaction to $423 million at close. The transaction launched at a smaller $363 million in the pre-sale documents, but investor demand…
Read More