Insurance
The Top 10 Money Lies Americans Told in 2020
Many Americans tell money and financial related lies in this day in age. Money and finances are a touchy subject that often leads to added stress and emotion for many relationships. The subject of how much we earn, how much money we spend, how much money we save and how much debt we owe can […]
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Read MoreAon & Willis Towers Watson reveal leadership of combined company
Aon and Willis Towers Watson have jointly announced the leadership team of the company that will emerge once its proposed combination is completed and the plan laid out perhaps suggests that the pair have no intention to offload the Willis Re reinsurance arm. The pair say this represents their “one firm mindset”, with this new…
Read MoreCalifornians Warned About Mudslide Riskas Winter Bears Downon Wildfire Areas
California Insurance Commissioner Ricardo Lara is alerting citizens to review their insurance policies in order to protect themselves and their assets in anticipation of winter weather bringing the possibility of floods, mudslides, debris flows, and other disasters to recent wildfire burn areas throughout the state. The commissioner issued a notice to insurers reminding them of…
Read MoreMexico’s cat bond coverage continues, despite shuttering of FONDEN
Mexico’s in-force $485 million IBRD / FONDEN 2020 catastrophe bond will continue to provide the country with important disaster insurance protection, as the beneficiary of the cover has been shifted away from the shuttered FONDEN disaster fund to the country’s Treasury. We’re told that a notification has been sent to investors in and holders of…
Read MoreW. R. Berkley cites two investors behind Lifson Re reinsurance sidecar
In launching its first collateralized reinsurance sidecar vehicle and engaging with third-party investors on the recently announced Lifson Re Ltd. launch transaction, Rob Berkley – President and CEO of W. R. Berkley noted the importance of a “shared sense of obligation and duty to capital.” Insurance holding company W. R. Berkley Corporation announced its first…
Read MoreBelow average December cat losses still have aggregate implications: Jefferies
Global insurance and reinsurance market catastrophe losses came in some 16% below the long-term average, but there could still be implications for aggregate contracts, as frequent smaller events occurred, according to analysts at investment bank Jefferies. December 2020 ended the year with a much lower level of insured catastrophe losses, after a more expensive few…
Read MoreJamaica: World Bank cat bond still underway. Gets CCRIF rainfall payout for Zeta & Eta
Jamaica continues to work with the World Bank on a first catastrophe bond for the country the Finance Ministry has said and reflecting the importance of disaster risk financing, in recent weeks it has received a roughly $3.5 million payout under its parametric CCRIF insurance coverage. The payout comes after the torrential rainfall from tropical…
Read MoreRenRe added $730m+ to third-party capital vehicles at 1/1
RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has revealed that it raised an additional over $730 million of capital for third-party managed joint ventures and insurance-linked securities (ILS) vehicles at January 1st 2020. The company said this is on top of a healthy $1 billion of capital raised for some of its…
Read MoreILS cedents need to restore investors’ trust: Halm, CCR Re
It’s down to insurance-linked securities (ILS) cedents and sponsors to work to restore trust in the ILS investor community, by increasing transparency, reducing uncertainty and building long term partnerships, according to Mathieu Halm, Head of Retrocession and Strategy at CCR Re. Halm recently discussed the challenging year that the insurance-linked securities (ILS) market has faced,…
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