Insurance

The outbreak of severe convective weather that affected the U.S. south and eastern states this week may result in both economic and insured losses that surpass $1 billion, according to the latest update from Aon’s Impact Forecasting. At least 121 confirmed tornado touchdowns were seen in the severe weather outbreak that impacted states from Texas…

The in run-off CATCo Reinsurance Opportunities Fund Ltd., the exchange listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is expecting to receive an $18.8 million return of capital from a range of side pockets in May, with the proceeds set to be used to redeem more shares. Markel CATCo Investment Management…

Every so often some new insurance or reinsurance product, or strategy, emerges that shows us a glimpse of the future of this marketplace, often driven by technology, data and the use of parametric triggers. The latest product to do so is one launched by insurtech start-up Parsyl Inc. this week, which announced the first parametric…

Catastrophe bond returns may continue to improve for investors, as new issuance spreads are expected to continue widening as a result of the ongoing volatility in financial markets, Twelve Capital believes. The specialist insurance-linked securities (ILS) and reinsurance investment fund manager highlighted that primary issuance spreads for new catastrophe bonds have been on the rise…

Despite the impacts of the coronavirus pandemic through recent weeks, Amundi Pioneer Investment Management’s ILS team have been seeing continued demand for the insurance-linked securities (ILS) asset class, in particular from investors that are already experienced ILS allocators. Amundi Pioneer managed the Pioneer ILS Interval Fund, a dedicated insurance-linked securities (ILS) focused mutual investment fund…

We’ve launched a new audio and video feature that will see us talking with leaders of the insurance-linked securities (ILS) and reinsurance industry and broadcasting them via our YouTube channel. Like everyone else, the shift to remote working that comes with the global coronavirus lock-down has made us think differently about ways of working. So…

Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist underwriter, has released a forecast of its potential first-quarter losses due to the Covid-19 coronavirus pandemic, saying it expects up to $145 million of losses across its property & casualty insurance, reinsurance and mortgage insurance lines of business. Arch is the first of the Bermudian…

U.S. mortgage insurers are likely to face challenges in issuing new mortgage insurance-linked securities (ILS) at this time and their reinsurance costs are expected to rise on the back of the Covid-19 coronavirus pandemic, according to A.M. Best. The rating agency highlights the challenging situation facing the largest private mortgage insurers in the United States,…

France headquartered global reinsurance company SCOR has quickly relaunched its delayed Atlas Capital Reinsurance 2020 DAC (Series 2020-1) catastrophe bond transaction, bringing it back to market at a slightly smaller size of $150 million, but with pricing boosted to better compensate and attract investors. SCOR had returned to the catastrophe bond market in mid-March with…