Insurance
Extreme Weather Preparedness Week: Tornadoes
By Scott Holeman, Media Relations Director, Triple-I Severe Weather Preparedness Week is here. Today we focus on tornado safety. Original Article Posted at : https://www.iii.org/insuranceindustryblog/extreme-weather-preparedness-week-tornadoes/?utm_source=rss&utm_medium=rss&utm_campaign=extreme-weather-preparedness-week-tornadoes
Read MoreArbol hires Guo from GC Securities as Chief Insurance Officer
Arbol, the provider of marketplace technology supporting parametric risk transfer and weather insurance, utilising smart contracts, has made a key hire, bringing onboard Hong Guo from GC Securities as its Chief Insurance Officer. Hong Guo joins Arbol as Executive Vice President and Chief Insurance Officer and will lead all insurance related strategy and operations for…
Read MoreHSCM & Cornell seek growth for insurtech Vault now acquisition complete
Hudson Structured Capital Management Ltd., investing in insurance and reinsurance as HSCM Bermuda, and private investment firm Cornell Capital LLC, are seeking growth for Vault, their just acquired specialist tech-focused provider of personal insurance to high-net-worth clients. Hudson Structured, the insurance-linked securities (ILS), reinsurance and transportation investment firm, was an early investor in Vault, taking…
Read MoreUniversal targets first cat bond with $100m Cosaint Re from Singapore
Universal Insurance Holdings, the Florida headquartered, nationally expansive U.S. primary insurance carrier, has entered the catastrophe bond market for the first time with a $100 million Cosaint Re Pte. Ltd. (Series 2021-1) transaction that is being issued out of Singapore. Universal has always been a significant user of the capital markets and insurance-linked securities (ILS)…
Read MoreTokio Marine seeks $150m Kizuna Re III cat bond from Singapore
Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, is back in the insurance-linked securities (ILS) market seeking its fifth Kizuna Re catastrophe bond with a $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transaction that is being issued out of Singapore. It will be the seventh catastrophe bond…
Read MoreWinter storm at $12bn – $18bn only attritional to aggregate cat bonds: Plenum
The recent severe winter storm losses in the United States are only expected to have an attritional effect on certain aggregate catastrophe bonds, while per-occurrence bonds are expected to escape loss, according to Plenum Investments. The Zurich-headquartered specialist catastrophe bond and insurance-linked securities (ILS) investment manager noted that multi-peril aggregate cat bonds, providing reinsurance to…
Read MoreAon to help insurers transfer emerging liability risks to the capital markets
Insurance and reinsurance broker Aon is working in collaboration with Praedicat to develop named peril liability reinsurance products to help insurers transfer emerging liability risks such as those related to nanomaterials and 5G to traditional reinsurers and also the capital markets. The idea is to address product liability risks from new and emerging technologies, developing…
Read MoreLockton Re hires Aon ILW practice head Parcell in Bermuda
Lockton Re, the reinsurance business of the privately held independent global broking firm, has announced a key hire in Bermuda, taking Thomas Parcell from Aon as its new Chief Broking Officer on the island. Lockton Re has been building out its Bermuda platform of late and Parcell marks a key move into the non-marine retrocessional…
Read MoreTexas Winter Storm Costs Raise Extreme-Weather Flags for States, Localities
Last month’s winter storm that left dozens of Texans dead, millions without power, and nearly 15 million with water issues could wind up being the costliest disaster in state history. Disaster-modeling firm AIR Worldwide says claims volume will likely be significant and, with average claims severity values of $15,000 for residential risks and $30,000 for…
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