Insurance

A consistent flow of information, which incorporates a common language throughout the transaction chain, is vital for meaningful insurance-linked securities (ILS) participation outside of the natural catastrophe space, according to industry experts. With both cedents and investors increasingly looking to expand the area of activity for the ILS asset class, day three of Artemis’ fifth…

The longest running reinsurance gathering in the world, the Rendez-Vous de Septembre (RVS) or Monte Carlo Rendez-Vous, has been cancelled for the second year running, on fears the pandemic will not be sufficiently behind us by this September. The decision is aligned with the majority of a relatively split industry, as our sister publication Reinsurance…

At the recent January 1st 2021 reinsurance renewals, the expectations for significant impairment to some insurance-linked securities (ILS) strategies because of trapped collateral due to exposure to the COVID-19 pandemic proved overblown. As the end of 2020 approached, some were forecasting that a significant amount of insurance-linked securities (ILS) capital could become trapped over potential…

Canada Life Reinsurance has taken EUR 4.7 billion of long-term longevity risk off the hands of life and annuities focused insurer Athora’s European arm in a recent longevity reinsurance arrangement. Canada Life Re entered into the long-term longevity reinsurance agreement with Athora Netherlands, the Dutch arm of the insurer. The longevity reinsurance deal covers EUR…

Weather intelligence startup Skyfora, which is based in Helsinki, Finland, has developed an artificial intelligence powered tropical storm intensity forecasts tool, which it believes can give insurance, reinsurance and ILS market participants enhanced insights into potential hurricane landfall impacts. Alongside its forecasts for hurricane and tropical storm intensity, Skyfora has also developed its own ultra-lightweight…

Following a consultation period, Hong Kong’s new insurance-linked securities (ILS) rules have been amended to reduce the minimum investment size required in an issuance down from US $1 million to US $250,000, while guidance on what constitutes a qualified investor has also been tightened. The Government of Hong Kong continues to proceed apace on bringing…

Global primary insurance carrier and reinsurance company Chubb has confirmed that it made a roughly $23.24 billion offer for rival the Hartford, offering $65 per share, a deal that falls short of the acquiree’s now boosted valuation of $24.36 billion. The news broke late yesterday afternoon that Chubb was rumoured to be interested in making…

According to a report published on Bloomberg, global primary insurance carrier and reinsurance company Chubb is looking at significant expansion opportunities, with a potential $22 billion acquisition of the Hartford said to be being explored. Bloomberg said that its sources point towards what would be one of the insurance and reinsurance industry’s largest acquisition deals…