Insurance
Insurers Respond to COVID-19 (9/2/2020)
U.S. insurers and their foundations by June 2020 had donated about $280 million in response to COVID-19, the Insurance Information Institute (Triple-I) estimates based on information collected by the Insurance Industry Charitable Foundation (IICF) International insurers and their foundations donated an additional $150 million. U.S. auto insurers have returned more than $14 billion to their…
Read MoreInsurance Careers Corner: Q&A with Tasha Fuller, FloodFrame USA
By Kris Maccini, Social Media Director, Triple-I Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in the insurance industry and to spread awareness on the career opportunities within the industry. This month we interviewed, Tasha Fuller, CEO & Co-Founder, FloodFrame USA, a Houston-based company that provides homes and businesses with a waterproof cloth…
Read MoreEntropics targets raising new institutional ILS fund with sustainability focus
Entropics Asset Management AB, the Swedish manager of a catastrophe bond fund, is planning to raise a new institutional investment fund strategy focused on resilience and sustainable opportunities in insurance and reinsurance. Entropics was one of the first managers of an insurance-linked securities (ILS) fund to embrace sustainable development goals and responsible investment. The manager…
Read MoreSwiss Re’s alternative capital assets managed near $2.5bn: Rüede
Swiss Re wants to become the “leading franchise for Nat Cat risks” and alternative reinsurance capital is set to be a key driver of this ambition at the major global re/insurer, according to Philipp Rüede, Head of the firms Alternative Capital Partners unit. Alternative reinsurance capital assets under management at global reinsurer Swiss Re have…
Read MoreILS funds demonstrate improving returns in best June & July since 2011
Insurance-linked securities (ILS) funds have just had their best June and July performance since 2011, on average, as the improving returns in catastrophe bonds and other reinsurance linked investments start to become evident in manager’s results. The average return of catastrophe bond and insurance-linked securities (ILS) funds was 0.67% in July 2020, which followed on…
Read MoreTyphoon Haishen expected a major threat to Japan & South Korea after Maysak
The Pacific typhoon season has picked up pace with typhoon Haishen now expected to become a significant threat to southern Japan’s Kyushu island and also South Korea, following in typhoon Maysak’s path. As we explained earlier this week, South Korea is facing a strong typhoon landfall from typhoon Maysak, which is heading for the south…
Read MoreReinsurer managed alternative capital shrank faster than dedicated ILS: A.M. Best & GC
Levels of third-party capital in the reinsurance market, across insurance-linked securities (ILS) funds, collateralised reinsurance structures and catastrophe bonds, are now down almost 10% from their high-point in 2018, according to the latest data from A.M. Best and Guy Carpenter. The rating agency and the reinsurance broker have again published their latest estimates for ILS…
Read MoreProspectus 2021 – a new annual conference from Artemis & Reinsurance News
We’re delighted to announce the launch and opening of registration for Prospectus 2021 – a new annual reinsurance and insurance-linked securities (ILS) conference brought to you by Artemis in collaboration with sister title Reinsurance News. Prospectus 2021 , held in association with our kind headline sponsor Kroll Bond Rating Agency (KBRA), is designed as a…
Read MoreBrendan Plessis departs AXA XL for Sompo International
Sompo International, the Bermuda headquartered specialty property and casualty insurance and reinsurance provider, has made a high-profile hire in Brendan Plessis, a well known market executive who has had a focus on issues in emerging markets and on the problem of under-insurance for much of his career. Plessis has joined Sompo International in the role…
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