Insurance
Stonybrook automates ILW price sheets with ILWBroker.com service
Stonybrook Capital, a specialist strategic advisory and investment banking firm focused exclusively on the insurance and reinsurance industry, has developed a service to make pricing of industry loss warranty (ILW) contracts more readily available and transparent. We’ve highlighted issues surrounding the pricing of industry-loss warranties (ILW’s) and broker’s pricing sheets before, in a number of…
Read MoreAscot promotes Thompson to CEO, Bermuda, as Berger departs
Ascot Group, the specialist global insurance and reinsurance underwriter owned by CPP Investments, the investment arm of the Canada Pension Plan, has promoted Ian Thompson to become its Chief Executive Officer in Bermuda, to replace John Berger who retires from the role this month. Ascot Group’s Bermuda arm underwrites insurance or reinsurance across a number…
Read MoreBroker Miller goes independent as Cinven / GIC acquisition completes
Insurance and reinsurance broker Miller, which has an industry-loss warranty (ILW) and insurance-linked securities (ILS) broking practice, is now an independent company again, after its acquisition by by private equity specialist investor Cinven and Singapore’s sovereign wealth fund GIC completed. Cinven and GIC have acquired Miller Insurance Services LLP, the wholesale and London broker, from…
Read MoreEnsure they’re insured
CPA financial planners should play a major role in giving life insurance advice to their clients. Original Article Posted at : https://www.accountingtoday.com/opinion/ensure-your-accounting-firm-clients-are-insured
Read MoreAeolus Capital Management hires Dailey from RMS as Head of Research
Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has announced a new senior hire to its research division, with Dr. Peter Dailey set to joins as Head of Research. Dailey was most recently at catastrophe risk modeller RMS where he held the position of Vice President of…
Read MoreCoca-Cola pension fund ILS allocation grew 5% to $362m in 2020
The insurance-linked securities (ILS) allocation of global beverage and food giant The Coca Cola Company’s pension fund has grown in 2020, ending the year 5% larger at $362 million. Coca-Cola’s corporate pension plan has been invested in insurance-linked securities for a number of years, with as much as 5% of its assets allocated to the…
Read MoreCohen & Co targets $253m with fourth re/insurance SPAC
Fixed income financial services focused investment firm Cohen & Company, LLC is back with another insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, a blank check company or SPAC, with a $253 million target for INSU Acquisition Corp. IV. Once again, the investment manager has an insurance and reinsurance focus for its latest Special…
Read MoreUSAA aggregate cat bonds in focus on winter storm impacts
Secondary prices have dropped for some catastrophe bonds in the wake of the recent severe winter storm losses in the United States, with aggregate Residential Re cat bonds sponsored by primary military mutual insurer USAA the names in investor focus. We’ve analysed some catastrophe bond broker pricing sheets and it’s clear that investor nerves are…
Read MoreUK’s winter 2020 floods & storms cost re/insurers almost US $1.1bn: PERILS
Winter 2020 severe windstorms and flooding events cost insurance and reinsurance interests in the United Kingdom almost US $1.1 billion, according to the latest data from PERILS AG. The Zurich-based provider of estimates for insurance and reinsurance market property losses has updated its estimate of industry losses from the flooding that struck the United Kingdom…
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