Insurance Archives - Page 30 of 239

Experts discuss social inflation in a Tobin College of Business webinar

Social inflation – increasing insurance claims costs related to legislative and litigation trends – may be spreading beyond the United States, attendees were told at a webinar with the Greenberg School of Risk Management of St. John’s Tobin College of Business. The webinar, held on February 10, was aimed to help lawyers and claims professionals…

World Bank & its members see real benefits of ILS: Bennett, ILS NYC 2021

The World Bank sees the insurance-linked securities (ILS) sector providing significant benefits for member country governments, but elements of the catastrophe bond structure could be adapted to make it an even more attractive tool for sovereign disaster risk financing. This is according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury, who…

CEA looks for $150m+ of quake reinsurance with Ursa Re II 2021 cat bond

The California Earthquake Authority (CEA) is back in the catastrophe bond market with its first transaction of 2021, seeking at least $150 million of fully collateralized earthquake reinsurance protection through this Ursa Re II Ltd. (Series 2021-1) issuance. The California Earthquake Authority (CEA) is one of the larger sponsors of catastrophe bonds, collateralised reinsurance and…

Non-CAT ILS is “well and truly out of the bottle” – MultiStrat

As pressure on reinsurance rates intensifies, alternative capital seeks yield, and appetite broadens beyond the catastrophe space, the adoption of casualty insurance-linked securities (ILS) is poised to accelerate, according to MultiStrat, the specialist underwriter, and reinsurance investment facilitator. The combined effects of rate increases and capacity constraints drive innovation in the ILS market and expand…

RenRe lifts third-party AuM to $6.4bn, as Upsilon surges to new high

RenaissanceRe, the Bermuda headquartered global reinsurance company, has lifted its third-party capital assets under management to a new high of $6.4 billion as of January 1st 2021. The increase in third-party capital under management in RenaissanceRe’s range of insurance-linked securities (ILS) and joint-venture structures was largely due to additional capital being raised for its Upsilon…

An extra day of ILS NYC 2021 with two more broadcasts

Thanks to popular demand and a number of stars aligning, we are delighted to bring you two additional broadcasts from our virtual ILS NYC 2021 conference today. We’ve already broadcast twelve videos from this year’s ILS NYC event, all of which are now available for our readers to view on-demand. But today you get two…

Euro windstorm Ciara / Sabine industry loss dropped 3% to EUR 1.571bn

The insurance and reinsurance industry loss from February 2020’s European windstorm Ciara, also known as Sabine and Elsa, is now estimated to be a little lower, at around EUR 1.571 billion, a decrease of roughly 3% on PERILS last report on the storm. Demonstrating the challenges in estimating insurance and reinsurance market-wide catastrophe losses, back…

ESG expansion a growth opportunity for ILS: Rivaldi, ILS NYC 2021

The already large environmental, social and governance (ESG) investor community is poised to expand further, but in order for the insurance-linked securities (ILS) sector to really take advantage of the opportunity it needs to address certain challenges, says Marcus Rivaldi, Managing Director of Analytics, Twelve Capital. Amid a heightened and lasting focus on sustainable investing,…

Ambac targets ILS partnerships with Everspan program / fronting launch

Ambac Financial Group, Inc. has launched a new program and fronting focused specialty insurance company named Everspan Group and targets participatory fronting and transformation for select risks, with the insurance-linked securities (ILS) market a potential reinsurance capacity partner it seems. Everspan Group calls itself a “specialty, participatory fronting program insurance business” saying that it may…