Insurance

Improved reinsurance market pricing is attracting significant sums of capital, with the latest estimate from broker Willis Re being that $19 billion has already been raised since the COVID-19 pandemic broke out and another $3 billion of capital raises are underway. This dwarfs the much discussed great reload of the insurance-linked securities (ILS) market at…

Having been acquired by retail insurance agency network Acrisure LLC in 2018, Beach & Associates, the specialist insurance and reinsurance broker, has now been rebranded as Acrisure Re and Acrisure London Wholesale. In this alignment with the brand of its parent Acrisure, Acrisure Re and Acrisure London Wholesale are being positioned to capitalise on value…

Lockton Re, the reinsurance business of the privately held independent global broking giant, has integrated reinsurance marketplace functionality from Tremor Technologies as part of its client offering. Lockton Re has partnered with Tremor Technologies to deliver modern reinsurance trading capabilities to its clients. The functionality has been integrated into Lockton Re’s SAGETM platform, giving it…

Global reinsurance giant Munich Re laid out ambitious plans for continued growth in property and casualty reinsurance, saying that it expects rate hardening will continue for at least a couple of years, “despite alternative capital” which the company clearly sees as a threat to market fundamentals. It’s interesting, given the wholesale embrace of alternative capital…

The commercial insurance marketplace in the United States continued to harden during the third-quarter of the year, with the latest analysis from broker Willis Towers Watson stating that property rates continued to accelerate during the period. Insurance and reinsurance broker Willis Towers Watson said that its latest survey of commercial lines pricing shows a near…

During its investor day yesterday, senior executives from Arch Capital, the Bermuda headquartered specialty insurance and reinsurance group, explained that third-party sources of capital and its insurance-linked securities (ILS) platform are key to future growth opportunities. Arch put forwards its Capital Partners operations as an area it intends to expand on yesterday, alongside other third-party…

Carrie Lam, Chief Executive of the Government of Hong Kong, has highlighted catastrophe bond market growth in 2020 and a buoyant outlook for insurance-linked securities (ILS) as an opportunity for the Special Administrative Region as it moves towards enabling issuance of new ILS securities. The Hong Kong Special Administrative Region (HK SAR) of the People’s…

The mortgage insurance-linked securities (ILS) market has demonstrated its resiliency through the COVID-19 pandemic, as issuance came back to market despite the uncertainty created by a sharp increase in delinquencies, according to rating agency Fitch. Fitch explains that the elevated levels of delinquencies are partly due to the enactment of the Coronavirus, Aid, Relief and…

Use of third-party investor capital to support growth of insurance and reinsurance businesses is an expanding trend, as carriers find an increasing array of routes to channel capital markets funding to their underwriting vehicles, adjusting the traditional value chain as they go. An interesting one that has recently come to light is Midwest Holding Inc.,…