Insurance

Catastrophe bond market liquidity appears to have slowed towards the end of this week, evidenced by one of the latest bid lists of cat bonds available for sale failing to fully trade, suggesting a perhaps growing gap between buyer and seller price targets. As we’ve been explaining in our coverage, the catastrophe bond asset class…

Primary insurer American Integrity Insurance Company (AIIC) has proven itself the most consistent catastrophe bond sponsor among Floridian carriers since 2017, according to Cory Anger. Having recently sponsored a successful fourth catastrophe bond issuance, American Integrity is the only Florida domestic market insurer to have tapped the capital markets four years in a row. As…

Alongside our sister publication Reinsurance News, we’ve launched a new survey for the insurance, reinsurance and insurance-linked securities (ILS) industry, asking for your opinion on the market implications of the Covid-19 coronavirus pandemic. We are witnessing history unfolding as a global industry that is profoundly connected and affected – personally and professionally – by the…

Obsidian Insurance Holdings, Inc., has been launched as a new fronting insurance holding company with $100 million of capital, that aims to become a conduit to connect risk with reinsurance and alternative capital. Launched by private equity specialist investor Genstar Capital in partnership with management, Obsidian Insurance will be run by industry executives William Jewett…

Blenheim Underwriting, the Lloyd’s focused insurance and reinsurance underwriter that counts ILS specialist Nephila Capital as a key backer, is launching a managing agency which will help the company better manage the connection of its risks to a wide range of capital providers. When Blenheim launched its syndicate 5886 at Lloyd’s in 2016, Director Peter…

The World Bank’s pandemic catastrophe bond issuance looks increasingly likely to suffer a significant loss of investor principal due to being triggered by the ongoing Covid-19 coronavirus outbreak, but John Seo of Fermat doesn’t think that will dent investor appetite for the risk. As we explained in this recent article, it looks increasingly like some…

The ongoing Covid-19 coronavirus pandemic is expected to have an impact on future reinsurance renewals, with the volatility it has caused expected to enforce ongoing firming of rates and pricing, according to executives at Schroders. Reinsurance rates have been on the rise anyway, as the industry on both traditional and alternative sides have been pushing…

Frontier Advisors, an Australian independent investment consultant, has announced the hiring of Joe Clark, who was most recently an insurance-linked securities (ILS) portfolio manager for the Queensland Investment Corporation (QIC). Frontier Advisors provides consultancy to institutional investors who collectively manage more than $410 billion in assets, across numerous asset classes. Reinsurance and insurance-linked securities (ILS)…