Insurance
The next-generation of ILS is already in development
The insurance-linked securities (ILS) market has never stood still during its relatively young, approximately 25 year history. But it’s clear that the ILS industry is acutely focused on delivering more evolutionary change and progress at this time, with the next-generation of ILS risk transfer and investment opportunities already in development. We’ve just held our fifth…
Read MoreHow to survive severe cold weather
During the deep freeze across multiple states this week, some U.S. electric companies are being forced to pull the plug on consumers in the form of “rolling blackouts” to conserve energy, Insurance Information Institute’s (Triple-I) Scott Holeman reports in the video above. The severe cold has propelled The Homeowner’s Severe Cold Weather Survival Guide to…
Read MoreESG and insurance-linked securities (ILS): Q&A with PCS’s Tom Johansmeyer
Insurance-linked securities (ILS) market participants, as well as wider insurance and reinsurance related interests, are increasingly focused on environmental, social and governance (ESG) issues and embracing positive ESG principles and processes within their business models. At the same time, the institutional investor community is focused on sourcing ESG compatible risks and in some cases major…
Read MoreFEMA’s new FloodSmart Re cat bond could be its largest, at up to $575m
The U.S. Federal Emergency Management Agency (FEMA) may secure its largest FloodSmart Re catastrophe bond ever, as the target size for the FloodSmart Re Ltd. (Series 2021-1) transaction has been lifted to between $500 million and $575 million, we’re told. FEMA returned to the catastrophe bond market in late January seeking at least a $350…
Read MoreQuota shares & aggregates drive reinsurance cat losses in 2020: Jefferies
Industry losses from catastrophes and severe weather events are estimated to have reached $87.3 billion in 2020 by the Jefferies equity analyst team, but with frequency a significant factor, it’s assumed the main source of losses for reinsurance capital was through quota share and aggregate covers. In reviewing 2020, the analyst team from investment bank…
Read MoreWillis Re hires Michel Büker from PartnerRe as Head of Lloyd’s Capital
Reinsurance broker Willis Re, part of the Willis Towers Watson group, has hired Michel Büker from reinsurer PartnerRe to the newly created role of Head of Lloyd’s Capital, Willis Re Specialty. Büker has been given dual roles at the reinsurance broker, also taking on the position of Head of Production, Customised Solutions, EMEA. In these…
Read MoreLongevity swaps totalling £250bn forecast for next decade: Hymans
Hymans Robertson LLP, the pensions and financial services consultants, expect that longevity risk transfer activity will remain high in the United Kingdom across the coming decade, with as much as UK £250 billion of longevity swaps expected to be transacted by 2031. That’s on top of a forecast £450 billion of pension buy-in and buy-out…
Read MoreCommunity Catastrophe Insurance: Four Models to Boost Resilience
Many households and small businesses don’t have sufficient savings to repair and rebuild after a natural disaster. Insurance is a vital source of recovery funds, but many are uninsured or insufficiently insured. This insurance gap doesn’t just reduce their resilience; its impact can slow the recovery of entire communities. Community-based catastrophe insurance (CBCI) – arranged…
Read MoreSecurity First targets $100m First Coast Re III Singapore-based cat bond
Florida headquartered Security First Insurance Company is back in the catastrophe bond market, sponsoring a $100 million First Coast Re III Pte. Ltd. (Series 2021-1) transaction, that will be its fourth cat bond issuance, its second cat bond to be issued out of Singapore. The Floridian insurance carrier has returned to the capital markets to…
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