Insurance

Nephila Capital, the largest dedicated insurance-linked securities (ILS) investment manager in the industry, has continued to drive rising ILS related revenues for parent Markel Corporation in the second-quarter, but its assets under management declined further, ending June at $9.5 billion. Markel, the global insurance, reinsurance and investment group, positions insurance-linked securities (ILS) as a significant…

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has raised an additional $250 million of capital from third-party investors for some of its ILS and joint-venture vehicles in the second-quarter of 2020, with the growing capital under management now driving increased fee income. RenaissanceRe’s (RenRe) range of third-party capital management and insurance-linked securities…

PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has appointed a new President and CEO in industry veteran Jacques Bonneau, who was most recently Group Chief Underwriting Officer at Chubb. Current CEO of PartnerRe Emmanuel Clarke is set to leave the reinsurance firm by mutual agreement in order to pursue other opportunities. Bonneau was…

There’s a very real and vast opportunity for sustained insurance sector growth across emerging Asia over the next decade, and insurance-linked securities (ILS) capacity will be required, according to executives at Hong Kong domiciled reinsurance company Peak Re. When compared to the rest of the world, property and casualty (P&C) insurance penetration rates in much…

Quotes received from the reinsurance market at the mid-year renewals did not deliver on the pricing and structure that was sought for the California Wildfire Fund, resulting in the purchase of risk transfer not being completed. As we explained back at the end of April, the California Wildfire Fund had engaged with the reinsurance market…

Hurricane Hanna’s impacts in Texas after its landfall packing 90 mph sustained winds over the weekend is estimated to have caused an insurance market loss of roughly $350 million by catastrophe risk modeller Karen Clark & Company (KCC). Reflecting the relatively rural and less populated or urbanised region of the Texas coastline that hurricane Hanna…

Europe’s insurance and reinsurance sector watchdog, the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the potential role of the capital markets and insurance-linked securities (ILS) in risk transfer and reinsurance facilities to support pandemic insurance provision. The Covid-19 pandemic has raised the issue of insurance coverage against such outbreaks and epidemics, with risks…

Investments into insurance technology (insurtech) funding rounds rebounded to reach US $1.56 billion in the second quarter of 2020, a more than 71% increase on the first-quarter of the year. This is according to the latest data from reinsurance broker Willis Re’s latest Quarterly Insurtech Briefing which was published today. Again, a number of insurance…