Insurance
Build America repeats Fidus Re financial guarantee ILS at larger $150m size
Build America Mutual Assurance Company has returned to the insurance-linked securities (ILS) market for its second securitization of financial guarantee insurance risks, with a larger $150 million Fidus Re Ltd. (Series 2021-1) deal. Build America Mutual is a financial guarantee specialist insurer established by the National League of Cities with initial capital from White Mountains…
Read MoreParametric crop-yield risk transfer product launched by Praedictus & Speedwell
A new parametric crop-yield risk transfer solution has been launched by Praedictus Climate Solutions in partnership with The Speedwell Group. Praedictus Croplock offers an index-based solution for managing crop yield risk, with parametric triggers designed to match the predicted output for crops. The solution makes use of proprietary crop yield modelling techniques and Praedictus has…
Read MoreHalloween hail in Queensland, Australia seen as $805m industry loss
The Insurance Council of Australia has said that its estimate for the insurance and reinsurance market loss from the hailstorm event on October 31st 2020 that struck south-east Queensland is A$805 million. That’s far lower than the A$1.3 billion estimate announced by PERILS AG, which is based on insured property and motor market loss data…
Read MoreWhy Do DisastersKeep “Surprising” Us?A Resilience Culture Would Aid Preparation
Texas in recent days has become the latest poster child for government failure to prepare for catastrophe. A Washington Post analysis places last week’s “rolling disaster” – with more than 14 million people in 160 counties experiencing power loss and water-service disruptions due to severe winter weather – alongside the U.S. federal government’s failure to anticipate…
Read More4 Financial Aspects to Research Before Relocating Your Family
The call has come in. You have a new job at a new company – in a completely new state. Congratulations! Q4 2020 hedge fund letters, conferences and more Moving to a new state is exciting. You have the opportunity to explore – to see new things, to meet new people. But what does it […]
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Read MoreFrom Sharecropper to Chairman of the Board: Spotlight on Roosevelt Giles, Chairman, Atlanta Life Financial Group
By Kris Maccini, Social Media Director, Triple-I For Black History Month, Triple-I is putting the spotlight on Black entrepreneurs and innovative leaders in insurance. Innovation and leadership are two words that come to mind when you meet Roosevelt Giles, chairman, Atlanta Life Financial Group, as much as his humble beginnings speaks to his resilience and…
Read MoreSiriusPoint execs announced, key roles for Malloy, Govrin & Cramér Manhem
More of the executive leadership of SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, has now been revealed by the company. Key roles at the global reinsurance firm have gone to a number of existing executives, including Dan Malloy…
Read MoreStrategic Risk Solutions adds Pereira in Bermuda for ILS push
Strategic Risk Solutions, Inc., a provider of insurance, reinsurance and captive management and consulting services, has made another key hire as it pursues insurance-linked securities (ILS) business, appointing Anna Pereira as Senior Vice President, Insurance-Linked Securities (ILS). Pereira will take up the role at Strategic Risk Solutions (SRS) from March 1st 2021 and will be…
Read MoreWinter storm to drive record losses, reevaluation of cat budgets: AM Best
According to rating agency A.M. Best, catastrophe losses suffered in Texas from the US winter storm, which has been named winter storm Uri, may reach record levels, suggesting the estimates of significant insurance and reinsurance market losses are likely to come true. As we explained on Friday, catastrophe risk modelling specialist Karen Clark & Company…
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