Insurance

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, is launching weekly auctions of industry loss warranties (ILW’s), with which it hopes to add efficiency to the process of ILW trading. Tremor noted the challenges currently being faced in the traditional insurance and reinsurance market due tot he Covid-19 coronavirus pandemic and the importance…

The catastrophe bond market has been demonstrating its “positive diversification characteristics” during the ongoing Covid-19 coronavirus pandemic, according to specialist ILS fund manager Plenum Investments. The catastrophe bond asset class is one of the best defensive asset classes in these times of financial market volatility and great uncertainty, with the cat bond once again demonstrating…

Legal actions and efforts to enable businesses and also insurers to force through claims related to business interruption appear to be expanding, with potentially significant ramifications for some in the reinsurance and insurance-linked securities (ILS) market should any succeed. It largely comes down to contract wording interpretation and the understandable desperation of business owners facing…

The Lloyd’s of London insurance and reinsurance market fell to an underwriting loss for the third consecutive year, reporting a combined ratio of 102.1% for 2019, while paying gross claims during the year that were higher than in the prior year. Lloyd’s has struggled with its underwriting performance in recent years as major catastrophe losses…

Welcome to the Artemis ILS New York 2020 conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ third event in the city. The fourth Artemis ILS New York conference was held in New York City, in midtown Manhattan at a purpose built event space, and…

The first catastrophe bond to be sponsored in Singapore by U.S. primary insurer American Integrity will settle at the high-end of size targets of $150 million, but with pricing also at the high-end of guidance as investor demand for higher coupons persists in the market. The Integrity Re II Pte. Ltd. (Series 2020-1) catastrophe bond transaction…

With catastrophe bond trading in the secondary market having reached what may well be record levels on the back of the Covid-19 coronavirus pandemic related sell off, thoughts turn to how this significant increase in liquidity may impact the wider market over the coming months. As we explained last week, the catastrophe bond asset class…

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has launched a tool to help risk managers assess their Covid-19 coronavirus property exposure in real-time. The tool delivers real-time, risk and analytics information as part of WTW’s Global Peril Diagnostic modelling tool, which now offers up-to-date information on confirmed global COVID-19 cases alongside the brokers clients’…

Carlisle Management Company, a Luxembourg headquartered global alternatives investment firm, has announced the successful deployment of its life settlements fund at above target returns. Carlisle Management is focused on the life settlements area of the insurance-linked securities (ILS) market and its funds are backed by institutional clients including pension funds and family offices. The company…