Insurance

The insurance-linked securities (ILS) market has entered 2021 with a positive outlook, as ILS investment yields have moved to some of the most attractive levels seen in almost a decade, according to Stephan Ruoff, Head of Schroder Secquaero. Following a number of years where ILS investment returns have been challenged by catastrophe losses, loss creep…

A shift towards underwriting more reinsurance business on a quota share basis could matter more for the forward-profits of many large reinsurers in 2021, than the lower-than hoped for rate increases in excess-of-loss treaty pricing, analysts at Barclays said in their report this morning. The reason for this, according to Barclays equity analyst team, is…

Mortgage securities focused investment manager Bayview Asset Management, LLC has returned to the catastrophe bond market for its second transaction, as the investor seeks upwards of $150 million of parametric earthquake protection with a Sierra Ltd. (Series 2021-1) deal. Bayview entered the catastrophe bond market in late 2019 with a $225 million Sierra Ltd. (Series…

With the January 2021 renewals of reinsurance and retrocession programs supposed to be allocated, signed and all but completed by now, we’re told that this year there is still more work to do in working out shares of certain layers of retro towers. It’s not uncommon, but we’re told that this year over-subscription, or over-placement,…

Nephila Climate, the climate solutions are of ILS fund manager Nephila Capital, and the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), have again come together to provide a risk transfer solution to support a renewable energy project construction financing. It’s the first time a so-called proxy generation Power Purchase Agreement (pgPPA) has…

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets fell again in the last quarter of record, sliding just under 6% to end October 2020 with $3.82 billion of ILS assets across the two fund strategies. That’s down around 30% on a year earlier, as Stone Ridge’s ILS mutual funds counted over $5.5 billion…

Vesttoo, a technology firm that uses proprietary artificial intelligence and machine learning solutions with the goal of helping companies assess and transfer risks to the capital markets, has taken an investment from a fund focused on the longevity economy. Vesttoo aims to help risk bearers better forecast and price long-tail exposures, including longevity risk, excess…

Ardonagh Specialty, the holding company for specialist, reinsurance and wholesale broking brands of the Ardonagh Group, has launched a push into the United States with a new North America reinsurance broking team. Nick Foden-Pattinson, the former CEO of RFIB Americas, is leading the Ardonagh push into the U.S. reinsurance market, along with other former RFIB…