Nephila AuM returns to growth as ILS profits rise for Markel in Q4

The operations of the largest dedicated insurance-linked securities (ILS) fund manager, Nephila Capital, delivered higher revenues to parent Markel Corporation in 2020, thanks to expansion and growth of its managing general agent (MGA) platform and a return to growth in assets under management (AuM), which hit $9.6 billion. In reporting its fourth-quarter and full-year 2020…

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Argo pegs Q4 catastrophe and COVID losses at $51m

Argo Group, the Bermuda headquartered international specialty insurance and reinsurance firm, has said that it expects to report $51 million of fourth-quarter catastrophe and COVID-19 pandemic losses, all net of any reinsurance recoveries made. Argo pre-announced that its fourth-quarter 2020 results will be impacted by a number of natural catastrophes. Natural catastrophes and weather related…

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Triple-I/Milliman Groundhog Day Report Projects Insurer Growth, Profits In 2021

By Loretta Worters, Vice President, Media Relations, Triple-I A pandemic, civil unrest, and weather-related catastrophes impacted the U.S. property/casualty (P/C) insurance industry in 2020, but not to the extent that was originally feared. Few predict a repeat of the events of 2020, yet new projections from the Insurance Information Institute (Triple-I) and Milliman envision strong…

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Hudson Structured co-leads DealerPolicy $30m Series B funding

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has co-led another significant insurtech venture round, helping auto insurance marketplace DealerPolicy secure $30 million in funding. Hudson Structured Capital Management Ltd., which undertakes its re/insurance business as HSCM Bermuda (HSCM), led the funding round alongside 3L Capital. DealerPolicy, which…

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KKR deepens Global Atlantic’s “access to long-term strategic capital” – CEO

Insurance-linked synergies are rife in the just completed transaction that saw private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) acquiring life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group. The pair announced the completion of the strategic transaction yesterday and Global Atlantic now becomes an independently operating…

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Life ILS increasingly relevant due to pandemic & regulatory/economic landscape: Luca Tres, Securis

The arrival of a global pandemic accelerated transformations already taking place across the re/insurance industry, which in turn has created an opportunity for certain insurance-linked securities (ILS) market participants to play a greater role, according to Luca Tres, Partner leading the global life origination and structuring efforts at Securis Investment Partners. In an exploration of…

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Insurance Will Face COVID-19 Side-effects Even After Pandemic Ends

A new survey from the Insurance Research Council (IRC) finds that two-thirds of respondents worked from home at least part of the time during the COVID-19 pandemic. The survey, conducted in October, also reveals half expect to continue working from home entirely or alternate between working and not working from home in the future. Many…

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Pacific Alliance hopes to expand cat bond to cover cyclones, floods, droughts

The Pacific Alliance, a Latin American trade bloc made up of Chile, Colombia, Mexico and Peru, would like to expand on the coverage provided by their catastrophe bonds, with hydro-meteorological risks including tropical cyclones, drought, floods and even cold weather all mooted as potential perils to include. The Ministries of Finance of the Pacific Alliance…

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