Insurance
Top ILS manager assets increased through H2 2020
As a group, the assets under management of the top-tier of insurance-linked securities (ILS) investment fund managers had increased through the second-half of 2020, Artemis’ data shows. According to data included in our Artemis Insurance Linked Securities Investment Fund Manager Directory, in which we list dedicated ILS investment managers, asset managers who also operate ILS…
Read MoreChubb names Jeremiah Konz to lead reinsurance buying & program design
U.S. and global primary insurance carrier and reinsurance company Chubb has named Jeremiah Konz as its new Chief Reinsurance Officer, giving him responsibility for the design and purchase of reinsurance programs for Chubb and its business units globally. The new position will also see Konz taking management control of Chubb’s reinsurance recoverable asset and overseeing…
Read MoreNeed for reinsurance grows in APAC after catastrophes & COVID-19: S&P
Insurers operating in the Asia Pacific region need increasing amounts of reinsurance protection following a series of costly catastrophe years and the COVID-19 pandemic, but they should look broadly at both traditional and alternative forms to secure the most efficient protection in the hardening market environment, according to rating agency S&P. The Asia Pacific insurance…
Read MoreTriple-I’s 2021 Insurance Fact Book Chronicles a Historic 2020
The Insurance Information Institute (Triple-I), an affiliate of The Institutes, has released its 2021 Insurance Fact Book, an essential resource for anyone who needs up-to-date information on insurance. This year The Insurance Fact Book has new content to address many of the past year’s events, in such areas as: insurer response to the pandemic; civil…
Read MoreTrapped collateral may persist, but new capital is out there: Willis Re execs
Trapped capital is expected to remain and pose an ongoing challenge for some investors and managers from across the insurance-linked securities (ILS) space, according to executives at Willis Re, the reinsurance arm of broker Willis Towers Watson (WTW). With conditions continuing to trend more favourably for reinsurers as the key, January 1st, 2021 reinsurance renewals…
Read MoreCapital mitigated reinsurance dislocation at 1/1, more to come on-stream: Aon
New capital helped to mitigate the dislocation of global reinsurance markets at the key January 2021 renewal season, with ample supply to meet cedent demand, while there is an expectation that additional new capital comes on-stream early this year. This is according to the latest reinsurance market report from broker Aon, who believes that capital…
Read MoreWhat the COVID-19 pandemic means for workers compensation claims
So far, the impact of COVID-19 on workers compensation has not been as great as first feared. The National Council on Compensation Insurance (NCCI) reported that as of the second quarter 2020, out of every 100,000 active workers comp claims, COVID-19 medical claims accounted for only about 200, depending on the jurisdiction. Still, the pandemic…
Read More“Not a classic hard market” so rate momentum should persist (for a time)
The current firming of reinsurance is perceived as “not a classic hard market” by analysts at Peel Hunt, who after meeting with underwriters from the Lloyd’s market concluded that rate momentum should persist through 2021. Brokers also concur with this assessment, Peel Hunt’s equity analyst team said, with their main conclusion being that “rates will…
Read MoreClean slate makes reinsurance startups the best investment: Jefferies
The fact new reinsurance start-ups, the so-called Class of 2020, have no legacy portfolios of risk and so are unencumbered by recent years of catastrophe losses, exposure to the COVID-19 pandemic and issues such as social inflation, makes them the best opportunity to invest in the rising reinsurance tide, according to analysts at Jefferies. The…
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