Insurance
Cat bonds already 20% up on prior year, busy pipeline to continue: Aon
Issuance of property catastrophe bonds was already running 20% ahead of the total for the prior year by the end of June 2020, putting the market well on its way to beating records again in 2020, Aon Securities explained in its latest report. As sponsors seek out efficient reinsurance and retrocession coverage, the catastrophe bond…
Read MoreGuy Carpenter hires Andrea Piatti to Global Risk Solutions division
Reinsurance broker Guy Carpenter has announced the hire of well-known executive Andrea Piatti to the role of Managing Director within its Global Risk Solutions division. Piatti had most recently worked as Head of European M&A at Armour Risk Management Ltd, prior to which he held senior roles at MS Amlin, Amlin Re Europe and Partner…
Read MoreThe Importance of July Maintenance
The Importance of July Maintenance- short list that will save time and money on later repairs.
Read MoreClose call for Hawaii as Hurricane Douglas passes
Hurricane Douglas brought heavy rain and 90 mph winds to parts of Hawaii on Sunday July 26 as the Category 1 storm passed north of Maui and Oahu, avoiding a direct hit. Some bands of heavy rain with gusty winds did affect both islands. Although landfalling hurricanes are rare in Hawaii, residents are still advised…
Read MoreImpact of COVID-19 on Workers Compensation
By John Novaria The impact of COVID-19 on workers compensation will come down to several fundamental questions in the coming months: Who’s at work? Who’s going back to work? And under what circumstances? Experts addressed these questions during a webcast jointly sponsored by Triple-I and the National Council on Compensation Insurance (NCCI). While they agreed…
Read MoreHurricane Hanna leaves wind damage and flooding in its wake
Hurricane Hanna, 2020’s first Atlantic basin hurricane, made landfall during the late afternoon of Saturday July 25 as a Category 1 storm on the Corpus Christi, Texas, coast. It struck Padre Island with winds of 90 mph. The Corpus Christi area dodged the hurricane’s heavier rain bands, but the storm still caused significant flooding and…
Read MoreUnique features of ILS foster inherent ESG qualities: Synpulse’s Roder
As sustainable investing continues to gain traction across the financial world, the inherent ESG qualities of insurance-linked securities (ILS) provides a unique opportunity for investors, according to Patrick Roder, Associate Partner, ILS Practice Lead, Synpulse. “Sustainable investing (SI) is defined as integrating non-financial factors, such as ESG criteria, into the investment process based on ethical…
Read MoreNo cat bond impact possible from hurricanes Hanna & Douglas: Plenum
Neither Hurricane Hanna’s impacts in the region of Texas where it made landfall as a category 1 storm over the weekend, or hurricane Douglas’ impacts on the islands of Hawaii as it skirted them at category 1 strength today, are expected to have any effect on outstanding catastrophe bonds, according to investment manager Plenum. Plenum…
Read MoreNMI prices new mortgage ILS, a $322m Oaktown Re IV Ltd.
After a pause during the peak of the Covid-19 pandemic, investors are returning to the mortgage insurance-linked securities (ILS) market, helping specialist mortgage insurer NMI Holdings, Inc. to successfully price its latest and fourth deal, a $322 million Oaktown Re IV Ltd. transaction. NMI is the second sponsor of mortgage insurance-linked notes (ILN’s) to come…
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