Insurance
Hurricane Season:More Than Wind & Water
Under the best of circumstances, the Atlantic hurricane season is a challenging time. Despite improved forecasting and analytical tools, pre-storm communication, and engineering, hurricane-related losses continue to climb. But the 2020 season hasn’t come during the best of circumstances. This extremely active season arrived on the heels of a pandemic that hasn’t ebbed, accompanied by…
Read MoreWebinar: Wildfires are here—be CA wildfire ready with tips to protect property and finances
With another catastrophic wildfire season again underway in California, join this press conference to hear from fire science and insurance experts on practical steps homeowners and renters can take to reduce their risk from wildfires. Learn where to start and what actions communities need to take first to continue to adapt to wildfire and stay…
Read MoreBain Capital to channel funds into Lloyd’s via Beat Capital’s Syndicate 4242
Leading global credit investment specialist Bain Capital Credit, L.P, which has around $40 billion in assets under management, is partnering with Beat Capital Partners Ltd., the long duration investor specialising in the insurance and reinsurance industry, to access returns from the Lloyd’s marketplace. The partnership will see a dedicated underwriting vehicle created, funded by Bain…
Read MoreLockton Capital Markets names ex-Lehman Re exec Ghosh as President
Lockton Capital Markets, the unit with an alternative reinsurance capital and insurance-linked securities (ILS) focus at the largest independent insurance broker of the same name, has announced the appointment of Pradip Ghosh as President, effective immediately. Ghosh was a member of the team that created Lehman Re, a Bermuda-based subsidiary and reinsurance company owned by…
Read MoreHurricane Laura ILS fund hit not significant, income to offset loss for some
At current industry loss estimate levels, the impacts to insurance-linked securities (ILS) funds from hurricane Laura is not expected to be significant, with some funds even able to offset the hit with the income their reinsurance and retrocession positions earned them in August. Early estimates for the insurance and reinsurance market loss from last week’s…
Read MoreCapsicum Re to be renamed Gallagher Re, in alignment with parent
Reinsurance broker Capsicum Re is to be renamed as Gallagher Re, to bring the company into line with its parent Arthur J. Gallagher & Co. (AJG). Arthur J. Gallagher & Co. (AJG) took 100% ownership of Capsicum Re back in January, to bring the specialty reinsurance broking joint venture that it had established alongside sector…
Read MoreTwelve Capital’s Ramseier becomes Group Executive Chairman
Twelve Capital, the Zurich headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, has named Dr. Urs Ramseier, Founding Partner, CEO & CIO, as its new Group Executive Chairman. The ILS investment fund manager said that Urs Ramseier appointed as Group Executive Chairman replacing Frank Schnewlin on his retirement. In addition, experienced…
Read MoreLaura losses to hit reinsurers & ILS, but primary insurers to retain majority: Fitch
Industry losses from hurricane Laura are expected to largely fall to primary insurance carriers, but rating agency Fitch says that traditional reinsurance carriers and insurance-linked securities (ILS) players will take a share. Industry loss estimates currently range from $4 billion to $9 billion, according to the catastrophe risk modelling companies. But still, some market sources…
Read MoreAustralia’s summer catastrophe industry loss hits A$5.4bn
Insurance and reinsurance industry losses from the spate of catastrophe events that impacted Australia through its summer months in 2019/20 are now estimated to have reached A$5.4 billion, according to the Insurance Council of Australia (ICA). That’s a continued rise from the almost A$5.1 billion of industry losses reported back in May, showing that claims…
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