Insurance

The utilisation of a rated balance-sheet by an ILS fund manager can help “to smooth out” some elements for insurance-linked securities (ILS) investors, says Michael Stahel, Partner at LGT ILS Partners. Speaking during the second day of the virtually held Artemis ILS NYC 2021 conference, Stahel discussed ILS allocation strategies both now and how they…

Chubb Tempest Re, the global reinsurance underwriting unit of Chubb, has named a new leader for its Bermuda reinsurance division, with Sam Peters being promoted. Peters joined Chubb in 2006 and has held a series of roles with increasing responsibility in the firms actuarial department. He has now been promoted to Division President of Chubb…

Australian primary insurance giant Suncorp said today that its catastrophe losses for the first-half of its financial year, to the end of December 2020, reached $516 million, coming in above allowance and eroding the deductible sitting beneath its aggregate reinsurance protection. At the beginning of November Suncorp had estimated $348 million to $408 million of…

Kilter Finance, the insurance-focused specialty financing company launched by ex-Leadenhall Capital alumni Dan Knipe and backed by private equity giant KKR, is set to invest $89 million into Independent Insurance Group LLC , the parent of life insurer Independent Life. Knipe, who was the Deputy Chief Investment Officer at specialist insurance-linked securities (ILS) manager Leadenhall…

The insurance and reinsurance industry’s relative lack of correlation with broader financial markets is now more important than ever before, Michael Millette explained at our ILS NYC 2021 event. Millette, the Founder and Managing Partner of specialist investment manager Hudson Structured Capital Management explained why ILS and more broadly insurance and reinsurance, are assets with…

Everest Re, the global insurance and reinsurance underwriter, has raised new capital for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle towards the end of 2020, as the structure reached $900 million of assets under management at January 1st. Mt. Logan Re had started 2020 with assets under management of around $818 million, as…

Global reinsurer SCOR said today that it grew its January reinsurance renewal portfolio by almost 16%, in terms of premiums, while prices were up by 7.8% across its renewed business, at 1/1 2021. The company said that the reinsurance treaty market “hardened significantly” and that price increases and better terms and conditions were experienced across…

Today, there’s a significant amount of capital looking to be deployed in an environmental, social, and governance (ESG) friendly way, which represents a material opportunity for the insurance-linked securities (ILS) asset class, says Barney Schauble, Head of Labs at Nephila Advisors. Day two of our fifth annual and first virtual ILS NYC conference, started with…