Insurance
A Toast to Marine Insurance!
By John Novaria, Managing Director, Amplify When you think of winemaking, you picture grapes on the vine and a hearty glass of red on your table. But you probably don’t think of all the steps involved in the production of wine and the fact that those grapes – and later, the finished product – travel…
Read MoreBerkshire Hathaway will write pandemic cover “at the right price”, Buffett says
For Berkshire Hathaway, the insurance and reinsurance underwriting conglomerate led by Warren Buffett, it’s not simply a question of carefully crafted exclusions when it comes to pandemic risks, for the so-called Sage of Omaha is perfectly happy to underwrite it, as long as the price is right. Berkshire Hathaway reported its first-quarter results on Saturday…
Read MoreRMS launches model platform updates & new HD Euro SCS risk model
Catastrophe risk modelling specialists RMS have announced the launch of a range of product updates to its Risk Intelligence platform, including a new version of its Risk Modeler tool, updated models, plus new high definition risk models covering the European severe convective storm peril across 17 countries in the region. With severe convective and thunderstorm…
Read MoreAXIS’ third-party capital income drops, as cessions to investors decline
Bermudian specialist insurance and reinsurance firm AXIS Capital reported a drop in fee income earned from the use of third-party and insurance-linked securities (ILS) capital within its business, as cessions to investors declined considerably in the first-quarter of 2020. This was to be expected at the end of this quarter, as we reported in February,…
Read MoreAlphaCat delivers $10m Q1 income to AIG, ILS AuM dips likely on Covid-19
AlphaCat Managers, the insurance-linked securities and collateralised reinsurance investment manager entity of insurance giant American International Group’s (AIG) delivered its parent $10 million of income for the first-quarter of 2020. At the same time, the amount of ILS and reinsurance assets under management of AlphaCat Managers dipped slightly in the period, to end the first-quarter…
Read MoreAllstate returns with second Sanders Re II cat bond of 2020
Insurance giant Allstate has returned to the catastrophe bond market for a second time in 2020, something the company has not done since 2017. With a $150 million Sanders Re II Ltd. (Series 2020-2) transaction that seeks Florida specific multi-peril reinsurance for the insurers subsidiaries in the state. It’s the first time Allstate has returned…
Read MorePeak Re launches Peak Capital ILS manager, as Lutece acquisition completes
Peak Re said this morning that its previously announced acquisition of Bermuda-based insurance-linked securities (ILS) asset manager Lutece has now completed and the unit is being rebranded as Peak Capital. Lutece founder Erik Manning and Peak Re’s Managing Director of Underwriting, Lawrence Cheng, are to lead the new unit as the Co-CEOs of Peak Capital.…
Read MoreSCOR pleased with investor support & Solvency II first of new Atlas cat bond
France headquartered global reinsurance company SCOR said it is pleased with the support investors have shown its latest catastrophe bond, the $200 million Atlas Capital Reinsurance 2020 DAC (Series 2020-1) transaction, while also praising the Irish regulators efficiency and the fact it resulted in a Solvency II first. SCOR’s latest catastrophe bond sponsorship was not…
Read MoreHurricane outlooks for 2020 call for significant even hyperactive season
The 2020 Atlantic hurricane season looks increasingly like it will be a season to watch for insurance, reinsurance and insurance-linked securities (ILS) interests, as the latest outlook forecasts to emerge raise the number of tropical storms and hurricanes expected during the season even further. After our last update on prospects for the 2020 Atlantic hurricane…
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