Insurance

Patrick Roder, Associate Partner and Global Head of ILS at Synpulse Management Consulting, joined us recently to discuss the publication of a study analysing the results of our survey on the maturity of environmental, social, and governance (ESG) practices in the risk transfer, reinsurance and insurance-linked securities (ILS) markets. During the third-quarter of 2020, Artemis…

London headquartered insurance-linked securities (ILS) and reinsurance related investments manger Leadenhall Capital Partners LLP has increased its assets under management to over $6.2 billion in 2020, as the ILS fund manager has added more than $600 million since July. The increase in ILS assets managed puts Leadenhall Capital Partners among the largest ILS fund managers…

Global reinsurance firm Munich Re has lifted its estimate for insurance industry losses from 2018’s Japanese typhoon Jebi to $13 billion, which we understand could put a handful of still-exposed industry loss trigger contracts such as ILW’s in play. Munich Re provides estimates of insurance market losses for major catastrophe events through its NatCat catastrophe…

Tropical cyclone Yasa is making landfall in Fiji with winds estimated at close to 150 mph, threatening significant damage to the island of Vanua Levu, while the main island of Viti Levu and capital city of Suva is also being affected. Cyclone Yasa intensified rapidly on approach to Fiji this week and set a course…

Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with risk modelling specialist JBA Risk Management to design a parametric flood insurance product for VisionFund to cover flood risks in Myanmar. VisionFund International is a division of global charity World Vision and oversees its microfinance operations, providing loans and insurance to farmers…

French global reinsurance company SCOR has selected an industry outsider as the successor to long-standing CEO Denis Kessler, with political adviser Benoît Ribadeau-Dumas set to take on the lead role at the company from 2022. The Board of the reinsurer voted unanimously for political insider Ribadeau-Dumas to succeed incumbent Denis Kessler. SCOR’s search for a…

So far in 2020, global catastrophe and severe weather losses falling to the insurance and reinsurance market are running approximately 8% above the 10-year average, according to analysts at Jefferies. Overall, insured losses from catastrophes and severe weather are roughly 18% higher than the long-term average, closing in on US $80 billion for the year,…

The climate conditions seen in the North Atlantic ocean at the moment are conducive to the formation of tropical storms and hurricanes, so suggest a chance of elevated hurricane activity in 2021 and beyond, according to global reinsurance firm Swiss Re, something the main forecasters are also pointing towards. The 2020 Atlantic hurricane season saw…