Insurance

By utilising the same insurance-linked securities (ILS) servicing specialist to provide re/insurance management and fund administration, benefits can be realised across capital raising, coordination, and cost, according to Horseshoe’s Brian Desmond. As the ILS asset class has matured alongside the enhanced sophistication of its investor community, there’s been a rise in demand for integrated solutions…

Global reinsurance player Munich Re continues to demonstrate an appetite to source more risk through its primary insurance arm where it can, with the Chinese property and casualty (P&C) market a new location it has now gained a foothold. Munich Re’s primary insurance unit ERGO announced today that it is making an investment in Taishan…

Another set of industry analysts is calling for the current upwards trend in reinsurance pricing to continue into 2021, as reinsurers are otherwise looking at continued underperformance as a sector and higher rates will help support their returns on equity (RoE’s). Reinsurance companies have faced challenging market conditions for a number of years as the…

AXIS Re, the global reinsurance division of speciality insurance and reinsurance firm AXIS Capital, has promoted senior property treaty underwriter Michael Leahey to the role of Head of Agriculture Reinsurance. Leahey has worked at AXIS Re since 2017 in various property catastrophe reinsurance underwriting and senior treaty roles. From July 1st, Leahey will take on…

Avatar Property and Casualty Insurance Company’s new $65 million Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe bond issuance has been amended so that the notes will now be issued at a discount to par, with the implication being a higher premium being offered to investors, it seems. The Casablanca Re Pte. Ltd. (Series 2020-1) catastrophe…

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm, is seeking to upsize its first catastrophe bond transaction Herbie Re Ltd. (Series 2020-1) by as much as 25%, with the target lifted to $125 million for the deal but the pricing now lifted to the upper-end of guidance. Fidelis entered the catastrophe bond market…

More predictable and transparent insurance-linked securities (ILS) structures, offering less ambiguous coverage, may be the immediate winners after the Covid-19 pandemic crisis, with catastrophe bonds and industry loss warranty (ILW) contracts an area set to receive increasing investor focus, according to S&P. S&P Global Ratings asked in a recent report whether the ILS market could…

Tropical storm Cristobal is expected to emerge back over the Gulf of Mexico later today and head generally northwards towards the United States, with strengthening forecast and still a chance that the storm could be named hurricane Cristobal prior to landfall. In general the warm waters of the Gulf of Mexico are strong enough to…