Insurance
ILS an instrumental part of solving Asia’s protection gap: Schultz, Aon Securities
The trend of insured against uninsured losses across the Asia Pacific region is not sustainable, and the insurance-linked securities (ILS) market will need to play an integral role in addressing the issue, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities. The Asia Pacific region is extremely vulnerable to a wide range of…
Read MoreAccelerated rate hardening to attract start-ups to broad opportunities: A.M. Best
An accelerated period of rate hardening across a broad range of insurance and reinsurance market exposures is expected to attract start-ups, perhaps leading to a Class of 2020 if the “significant hurdles” can be overcome. Rating agency A.M. Best warns that those seeking to form the Class of 2020 will need to meet its stringent…
Read MoreAlternative reinsurance capital fell 4% to $91bn in Q1 2020: Aon
Having returned to growth in the fourth-quarter of 2019, alternative reinsurance capital, for deployment into insurance-linked securities (ILS), collateralised contracts and catastrophe bonds, declined 4% to $91 billion in the first-quarter of 2020, as the impacts of Covid-19 further dented already constrained supply, according to broker Aon. At the same time, traditional reinsurance capital levels…
Read MoreRisk of large San Andreas quake up 3 to 5-fold since Ridgecrest: Temblor
The Ridgecrest, California sequence of earthquakes has increased the risk of a major San Andreas fault earthquake event occurring, according to newly published research. The paper published by Ross Stein of specialist seismic hazard catastrophe modelling company Temblor, Inc. and Shinji Toda of the International Research Institute of Disaster Science (IRIDeS) at Tohoku University in…
Read MoreAon’s Randolph Re platform issues $50.25m private cat bond
A $50.25 million private catastrophe bond transaction has been issued around the July renewal by broker Aon’s private catastrophe bond issuance and placement platform Randolph Re. This is the first transaction to have come to light from Aon’s Randolph Re platform and likely saw the broker helping a cedent to access sources of capital markets…
Read MoreHurricane Modeling: High-Tech MeetsLocal Insight
Sophisticated computer modeling has led to great advances in forecasting weather-related disasters and their potential human toll and economic impact. The predictive power of these models has given insurers comfort writing coverage for risks – like flood – that were once considered untouchable and enabled them to develop innovative products. It can be tempting to think of hurricane forecasting and…
Read MoreAsian risk managers are warming up to parametrics: ILS Asia 2020
There’s still a very real need for greater education and awareness, but risk managers across Asia are becoming increasingly comfortable with the idea of parametric structures, according to industry experts. Parametric insurance continues to expand and is increasingly providing some of the world’s most vulnerable people with vital protection against a range of perils, most…
Read MoreAeolus appoints Aditya Dutt as President
Aditya Dutt, the leader of RenaissanceRe’s insurance-linked securities (ILS) and third-party capital management businesses, is set to take on the role of Partner and President of Bermuda-based reinsurance and ILS focused investment fund manager, Aeolus Capital Management Ltd. As we wrote last week, it was announced that Dutt would be leaving RenRe for another opportunity,…
Read MoreCat bond investors valued Windmill II Re diversification opportunity: RMS
Insurance-linked securities (ILS) investors and catastrophe bond funds valued the diversification opportunity that was the recent EUR 100 million European peril focused recently completed Windmill II Re DAC (2020) transaction sponsored by Achmea, according to catastrophe modeller RMS. Diversification opportunities are always readily welcomed by cat bond funds and their investors and in 2020 this…
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