Insurance

This week the newest addition to our Artemis Live series of video interviews with leaders of the insurance-linked securities (ILS) and reinsurance markets features Cory Anger, Managing Director of GC Securities, the specialist ILS and capital markets unit of reinsurance broker Guy Carpenter. All of our Artemis Live video interviews can be accessed directly from…

Around six weeks into a joint collaboration to offer insurers and reinsurers a new collateralised whole-account reinsurance offering backed by insurance-linked securities (ILS), Hyperion X and Vario Partners LLP told us they are seeing significant interest. At the beginning of April we reported that Hyperion X, the data analytics focused entity of global holding company…

Insurance-linked securities (ILS) fund managers and reinsurance companies managing third-party capital are likely to see continuing volatility in terms of investor inflows and outflows, as the broader implications of the Covid-19 pandemic continue to emerge. While an economic recovery is hoped for in the long-run, the hit to global economies and gross domestic product (GDP)…

The European Commission (EC) has launched a consultation on sustainable finance, as it plans to “ensure a sustainable and resilient economic recovery following the coronavirus outbreak.” The European Commission (EC) will factor the feedback into its work to mobilise private capital to support sustainable projects. Climate related risk is clearly a huge consideration, as to…

A new catastrophe bond sponsor is coming to market in the shape of Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, which has launched its first transaction, a $100 million Herbie Re Ltd. (Series 2020-1) multi-peril cat bond deal. Fidelis’ first catastrophe bond will provide it with collateralised reinsurance…

Lumen Re Ltd., the rated, Bermuda domiciled Class 3A reinsurance underwriting vehicle of LGT ILS Partners, has been called out for exhibiting “significant innovation, while its capital adequacy is cited as being “strongest” by rating agency A.M. Best. The comments in the reinsurance vehicles latest ratings review highlight the robust business model that combines a…

Tropical storm Arthur, the first named storm of the 2020 Atlantic hurricane season, formed at the weekend off the coast of Florida as an early reminder of the months to come. Arthur remains a weak tropical storm and is expected to near the North Carolina coast but then curve out to sea. Meanwhile, a much…

The first tropical or subtropical storm of the 2020 Atlantic hurricane season is seen as likely to form and be officially named in the coming day or so, somewhere between Florida and the north Bahamas, with storm Arthur set to provide an early start to this year’s season. The Atlantic tropical storm and hurricane season…