Insurance

Retrocessional contracts are seen as likely more exposed to any claims that find their way through from the Covid-19 coronavirus pandemic, according to the respondents to our recent market survey. The results are now in from our market survey that we launched recently alongside sister publication Reinsurance News asking the insurance, reinsurance and insurance-linked securities…

Stone Ridge Asset Management, the alternative risk premia focused mutual fund manager that has specific reinsurance and insurance-linked securities (ILS) strategies, significantly expanded its allocations of capital to Lloyd’s of London syndicates in 2018 with its investments deployed into business amounting to almost $250 million of gross premiums. Stone Ridge established a UK registered limited…

The insurance-linked securities (ILS) fund management business of Elementum Advisors, LLC is “in good shape” despite the global Covid-19 pandemic, according to its key investor White Mountains. In a letter to shareholders detailing the currently expected exposure that it faces from the coronavirus pandemic, White Mountains highlighted the lack of correlation ILS businesses and reinsurance…

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, aims to become the Asian leader in insurance-linked securities (ILS) with its acquisition of Lutece, while also benefiting from a new foothold in the Bermuda market, CEO Franz Josef Hahn explained to Artemis. Peak Re announced yesterday that it will acquire…

While the average return of insurance-linked securities (ILS), catastrophe bond and reinsurance linked investment funds was 0.3% in February 2020, some cat bond funds became early victims of the coronavirus pandemic and suffered a decline due to the devaluation of the World Bank’s pandemic bonds. February’s 0.3% average ILS fund return is the best performance…

The CATCo Reinsurance Opportunities Fund Ltd., the listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is set to buy-back almost $30 million of shares in a first compulsory purchase and the purchase is being made at NAV, which is well-above the current listed share prices for the fund. Markel CATCo Investment…

As our sister publication Reinsurance News reported yesterday afternoon, Lloyd’s has asked its members that have been hit by sizeable losses as a result of the Covid-19 coronavirus pandemic to accelerate capital injections with the goal of stabilising the markets capital position. Rating agency S&P Global Ratings explained that currently losses from Covid-19 falling to…

Silent pandemic risk as akin to silent cyber. It’s an exposure that is potentially secreted deep inside numerous lines of insurance and reinsurance business, with claims governed by contractual fineries and wordings. As a result it’s an exposure that is hard to quantify, but that may require hedging. At a time when interest in pandemic…

The 2020 Atlantic hurricane season could see activity levels that are around 25% above the long-term norm, according to Tropical Storm Risk which has increased its forecast number of storms and hurricanes in its latest update. The Tropical Storm Risk (TSR) hurricane forecasting team, an insurance and reinsurance industry supported venture, published its latest update…