Insurance
Easton Re cat bond shows Hamilton gaining ILS momentum: Ursano & Ali
Hamilton Insurance Group’s recent successful completion of its first full 144A catastrophe bond issue, the Easton Re Pte. Ltd. (Series 2020-1) transaction, shows that, alongside its Ada Capital Management launch, shows the company is gaining momentum in ILS and its ambition to grow its third-party capital under management, according to its executives. As we had…
Read MoreU.S. Drivers Spent $13 Billion in One Year to Protect Against Uninsured and Underinsured Drivers: IRC Report
One in eight drivers on U.S. roads was without auto insurance in 2019, according to a report released today by the Insurance Research Council (IRC). At-fault drivers who don’t comply with state insurance requirements raise insurance costs for everyone else. Insured drivers paid more than $13 billion in 2016 (about $78 per insured vehicle) for…
Read MoreArtemis Live: Interview with Luca Albertini & Jillian Williams, Leadenhall Capital Partners
For our latest Artemis Live video interview we spoke with specialist insurance-linked securities (ILS) fund manager Leadenhall Capital Partners’ CEO Luca Albertini and CUO Jillian Williams, who gave us an update on their current view of the ILS and reinsurance market and also explained more about environmental, social and governance (ESG) activities at the firm.…
Read MorePlenum launches European Insurance Bond Fund
Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has announced the launch of a new UCITS investment strategy focused on the debt issuances of European insurers. The Plenum European Insurance Bond Fund has launched with over EUR 20 million of assets. It is a UCITS fund, offering daily…
Read MoreAustralian NSW floods & storms have billion dollar industry loss potential
The ongoing severe flooding event and storms in the Queensland, New South Wales (NSW) region of Australia has the potential to result in a billion dollar insurance and reinsurance market loss event it seems, as insurers highlight their reinsurance and possible recoveries to be made. Around 18,000 people have been evacuated from the severe flooding…
Read MoreRMS to incorporate climate change into its catastrophe risk models
Catastrophe risk modelling firm RMS is set to incorporate climate change more fully into its main suite of risk models, with climate change models expected for the RMS North Atlantic Hurricane, Europe Inland Flood and Europe Windstorm models by June. It’s an important step, as the insurance and reinsurance focused catastrophe risk modellers have been…
Read MoreArch seeks $665m of reinsurance from Bellemeade Re 2021-1 mortgage ILS
Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance player, is back in the capital markets in search of more mortgage reinsurance protection, with a large, up to $665 million Bellemeade Re 2021-1 Ltd. mortgage insurance-linked securities (ILS) issuance. The issuance features six tranches of mortgage insurance-linked notes which are being offered to investors…
Read MoreTwelve Capital ILS funds get ESG classification under Article 8, EU SFDR
The commingled insurance-linked securities (ILS) and catastrophe bond funds managed by specialist Twelve Capital have achieved an ESG relevant classification under Article 8 of the EU’s Sustainable Finance Disclosure Regulation (SFDR). As environmental, social and governance (ESG) becomes an increasingly important topic for the ILS fund manager community, Twelve Capital has responded by working to…
Read MoreFirst volcanic eruption cat bond issued for the Danish Red Cross
The very first catastrophe bond covering pure volcanic eruption risk has now been completed, with a $3 million privately placed issuance brought to market by Replexus and Howden Capital Markets and backed by leading cat bond investors for the Danish Red Cross. The catastrophe bond covers the risk of eruption of 10 volcanoes across three…
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