Insurance

LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager, is considering ways to enable equity investments to be made into its rated Class 3A reinsurance underwriting vehicle Lumen Re. Speaking during a panel session at our ILS Asia 2020 conference yesterday, Partner and Portfolio Manager at…

Dan Bailey, a well-known London and international broker producer with expertise across treaty reinsurance, collateralised products and retrocession, is moving employers after a relatively short stint with Steadfast Re, landing at McGill & Partners. Bailey had joined Steadfast Re, the reinsurance broking joint-venture of the Steadfast Group Ltd. and the ex-management team of broker Beach’s…

U.S. commercial property and casualty carrier CNA Financial Corporation has reported a $301 million estimate of its second-quarter 2020 catastrophe losses, due to the impacts of the Covid-19 pandemic, rioting and civil unrest, as well as severe weather. The overall catastrophe loss burden of $301 million for Q2 2020 reported by CNA is well above…

Our online & virtual ILS Asia 2020 conference concluded yesterday and now every session is available to watch on-demand at your leisure. It’s been a fantastic few days of insightful discussions, watched by people from all over the globe. Thank you to all of our speakers and sponsors for supporting the event, making themselves available…

U.S. insurer The Hartford has become the second to reveal a significant recoverable through PG&E related subrogation on claims related to the California wildfires, which sees a before tax $289 million flowing back to the company this quarter. Alongside this, The Hartford has reported above analyst estimate catastrophe losses from U.S. severe weather, as well…

Digiterre, a software and data engineering consultancy with a specialism in institutional quality investment markets, has updated its insurance-linked securities (ILS) data management platform for ILS investment fund managers. Digiterre’s platform is already used in the ILS sector, with specialist ILS and reinsurance linked asset manager Leadenhall Capital Partners among its client base. Digiterre’s platform…

Confirming its appetite to source returns for its investors from legacy and run-off insurance and reinsurance business, specialist investment manager Hudson Structured is making a $23.2 million investment in legacy specialist Compre Group. Compre is a European based legacy or run-off insurance and reinsurance specialist with a focus on non-life portfolios of risk. With a…

Overall, the impacts of the ongoing Covid-19 pandemic are expected to be positive for opportunities in the life insurance-linked securities (ILS) space, according to Luca Tres, Partner, Head of Life, Securis Investment Partners. Life ILS, the somewhat less prevalent side of the global ILS sector, continues to expand as investors become more comfortable with the…

Twelve Capital, the Zurich headquartered insurance and reinsurance linked investment fund manager, is to expand its offering to investors in Australia and New Zealand to include its UCITS catastrophe bond fund, which is a strategy the manager has been successfully growing recently. Back at the end of January, Twelve Capital reported that it had grown…