Insurance
Covid-19 means reinsurers won’t make cost-of-capital in 2020: Fitch
The global reinsurance market will fail to make returns above its cost-of-capital due to the impacts of the Covid-19 coronavirus pandemic, Fitch Ratings has said following a review of ratings in the sector. Cost-of-capital has been something the reinsurance sector has been struggling to earn for a number of years now. Around five years or…
Read MoreSwiss Re CorSo launches parametric hail insurance for the U.S.
Swiss Re Corporate Solutions (SRCS), the commercial risk taking entity of global reinsurance firm Swiss Re, has launched a parametric hail insurance product in the United States, citing the growing level of losses experienced from severe thunderstorm risks as driving the need for innovative protection. Last year, 2019, the United States saw severe thunderstorm and…
Read MoreFHCF won’t renew reinsurance due to Florida market conditions
The Florida Hurricane Catastrophe Fund (FHCF) has decided not to renew its reinsurance program in 2020, citing reduced reinsurance market capital levels and in response to the firming marketplace. It’s the latest clear sign of the hardening of Florida reinsurance rates, which as we explained last week sees rates increasing broadly by more than 20%,…
Read MoreBlue Halo Re 2020 cat bond launches at $100m for Allianz Risk Transfer
Allianz Risk Transfer, a specialist and alternative risk focused unit of the Allianz global insurance and reinsurance group, is back in the catastrophe bond market with a $100 million Blue Halo Re Ltd. (Series 2020-1) transaction, the first by the issuer in four years. Two Blue Halo Re catastrophe bonds (a $185m Blue Halo Re…
Read MoreInvestors & consultants appreciate defensive qualities of ILS
Institutional investors and their investment consultants are extolling the defensive virtues of the ILS asset class of late, as once again allocations to insurance and reinsurance linked investments proved themselves largely uncorrelated to broader financial market contagion during the Covid-19 pandemic. While the catastrophe bond market saw selling pressure leading to some mark-to-market declines, still…
Read MoreInflation and the P/C Insurance Industry
Measuring and forecasting inflation is important in setting premiums and anticipating claims. Historically, recessions tend to drive prices down, but that’s not necessarily true for insurance. This presentation by Triple-I Chief Economist Dr. Steven Weisbart looks at insurance prices and the forces that affect them. Original Article Posted at : https://www.iii.org/insuranceindustryblog/inflation-and-the-p-c-insurance-industry/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-and-the-p-c-insurance-industry
Read MoreUSAA pulls riskier ResRe 2020 cat bond tranche & settles for $100m
U.S. primary mutual insurer USAA has elected to withdraw the riskier tranche from its newest Residential Reinsurance 2020 Limited (Series 2020-1) catastrophe bond transaction and despite aiming to slightly upsize the remaining lower-risk layer of the issuance has now settled for $100 million of coverage, we understand. We’re told this is in response to a…
Read MorePartnerRe looks set for catastrophe growth, makes Haft CEO Global Cat
Bermuda headquartered, EXOR owned reinsurance company PartnerRe is targeting growth in catastrophe exposed underwriting opportunities and has created a new leadership role of CEO Global Cat, which it has given to current leadership executive Greg Haft. PartnerRe has always had a focus on property catastrophe underwriting and has used third-party capital structures to enable investors…
Read MoreHudson Structured joins Standards Board for Alternative Investments as signatory
Hudson Structured Capital Management Ltd., which undertakes insurance and reinsurance investment business as HSCM Bermuda Management Company, has become the eighth specialist ILS fund manager to join the Standards Board for Alternative Investments (SBAI) as a signatory. Hudson Structured Capital Management is a specialist alternative investment manager focused on insurance-linked securities (ILS), reinsurance and transportation-related…
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