Insurance
Catalina Re hires investment specialist Tom Duggan from Redington
Catalina Re, the reinsurance arm of legacy and run-off specialist Catalina Holdings, has hired Tom Duggan, a well-known investment analyst who previously had a focus on insurance-linked securities (ILS) among the asset classes he covered. Duggan has joined Catalina Re this month, January 2021, as a Senior Investment Manager. Previously, Duggan had been a Senior…
Read MoreJanuary reinsurance renewals see third-party capacity play a key role
The January 2021 reinsurance renewals are approaching completion and it looks as if third-party and collateralized sources of reinsurance and retrocession capacity have played a key role again, with capital markets sources of funding growing across the marketplace. As expected, the January 2021 reinsurance renewals have proved to be less firm than forecast, but in…
Read MoreBest of Artemis, week ending 3rd January 2021
Here are the ten most popular news articles, week ending 3rd January 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm,…
Read MoreSome ILS fund November returns dented by Australia hail & severe weather
A number of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions that are exposed to catastrophe events in Australia have reported negative performance for November on the back of reserving for hail storms and severe weather, we understand. In particular, losses from the Queensland, Australia hail storms that struck on the night of October…
Read MoreElevation Re launched as first run-off reinsurance sidecar by Premia
Premia Holdings, the global run-off and legacy reinsurance specialist underwriter, has become the first run-off player to bring additional capital into its business using a collateralized reinsurance sidecar structure, with the launch of Elevation Re. A number of run-off and legacy insurance and reinsurance players have been exploring the use of sidecar structures to bring…
Read MoreStone Ridge added non-cat reinsurance investments in 2020: CEO Stevens
Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), successfully expanded the remit of its reinsurance and ILS investments to include non-catastrophe risks this year. Almost a year ago we revealed that Stone Ridge Asset Management was set to broaden…
Read MorePhoenix 1 Re, a Singapore SPRV, in $42.14m private ILS issuance
A new Singapore domiciled insurance-linked securities (ILS) transaction has come to light, after a recently registered Special Purpose Reinsurance Vehicle named Phoenix 1 Re Pte. Ltd. issued and listed almost $42.14 million of private ILS notes. At this stage we’re not sure if the Phoenix 1 Re Pte. Ltd. issuance represents a catastrophe bond, a…
Read MoreExtreme Financial Makeover: 30 Moves in 30 Days
Every January, we vow to get our financial houses in order. And each December, we face up to the reality that we didn’t quite make it happen. There are plenty of reasons why we fail on our financial resolutions, including the biggest reason of all: too little time. This year, try a new approach. Divide…
Read MoreClimate risk protection gaps need capital market (ILS) solutions
The physical climate risk protection gap, so the gulf between climate related losses covered by insurance, reinsurance or risk transfer and those going uncovered, is widening, but instruments such as insurance-linked securities (ILS), catastrophe bonds and other blended financing solutions can help to narrow this gap. In real estate the climate risk protection gap is…
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