Insurance Archives - Page 197 of 239

Insurance Careers Corner: Q&A with Demetrius Gray, WeatherCheck

Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in insurance and to spread awareness of the career opportunities within the industry. This month Kris Maccini, director, social media, Triple-I, interviewed Demetrius Gray, Founder & CEO of WeatherCheck. WeatherCheck, an insurtech that analyzes weather data to help insurers predict severe weather impact to properties,…

Lodgepine launch timing hit by Covid-19, Markel houses retro portfolio

Timing of the full launch of Lodgepine Capital Management Limited, the recently established retrocessional reinsurance ILS fund management unit of Markel Corporation, may be impacted by the effect of Covid-19 on global investor allocation decisions, the company said recently. In reporting its first-quarter results, Markel said that Lodgepine Capital Management and its first product offering…

21 years of Artemis, almost $125bn of catastrophe bonds & ILS recorded

Artemis is 21 years old this week. On the 12th of May 1999, Artemis was launched to an audience of reinsurance and capital market executives at an event held in Bermuda. Our goal back in 1999 was to provide an online home for the emerging catastrophe bond and insurance-linked securities (ILS) sector and to foster…

Oxbridge Re wants sidecar upsize, investors still on track for ~36% returns

Cayman Islands based reinsurance company Oxbridge Re Ltd. is aiming to upsize its fully collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. for the coming underwriting year from June 1st. The sidecar’s current risk period that ends this month has been loss free it seems, with the investors backing the vehicle set to earn a…

Covid-19 brings uncertainties to ILS asset fair valuations: Horseshoe’s Crozet

With valuation of insurance-linked securities (ILS) and collateralised reinsurance investments already a process that requires significant expertise, the threats posed by the Covid-19 pandemic add more complexity to setting fair valuations, Horseshoe’s JB Crozet told us. JB Crozet is Senior Vice President of Advisory Services & Head of the London Office for Bermuda-headquartered specialist ILS,…

Sidecars & quota shares may face highest Covid-19 claims: A.M. Best

The collateralised reinsurance sidecar market and private quota share transactions entered into by insurance-linked securities (ILS) funds and investors may face the highest impacts from Covid-19 pandemic related claims, A.M. Best has said. We’ve been raising the subject of sidecar and quota share ILS market and investor exposure to claims from the Covid-19 coronavirus pandemic…

Citizens plans for 32% higher risk transfer renewal costs in 2020

Florida’s Citizens Property Insurance Corporation has increased its budget for catastrophe bond and reinsurance risk transfer spend by some 32% for the 2020 wind season, with part of this increase set to support the higher rates seen in the Florida market. The risk transfer and reinsurance budget requested at a Board meeting yesterday was for…

Webinar: Building resilient businesses and communities in the time of COVID-19

On May 14 the Insurance Information Institute (Triple-I), co-hosted a webinar with ResilientH20 Partners that focused on managing extreme weather events in the midst of the COVID-19 pandemic. The panelists discussed the changing role of stakeholders across the private sector, governments and non-profit/NGOs. The panelists drew from their backgrounds across government, business and insurance…

Investor appetite remains but ILS sector’s “mettle” to be tested: Flandro, Hyperion X

Despite the capital markets enduring the biggest shift since the financial crisis, driven by the impacts of the Covid-19 pandemic, investment appetite for insurance-linked securities (ILS) assets remains healthy, according to David Flandro, Managing Director at Hyperion X. In a video interview with Artemis, available in full here along with other video content, Flandro offered…