Insurance
Howden Capital Markets launches to bring investment capital to clients
Howden Capital Markets has been launched as a new, nimble capital solutions advisory unit under HX, the data and analytics division of insurance and reinsurance broking, underwriting and advisory group Howden Group Holdings. Howden Capital Markets will assist Howden clients in accessing all forms of capital to complement traditional insurance and reinsurance capacity. Sitting under…
Read MoreReinsurance market hardening needs to continue for years: AM Best
While the outlook for the global reinsurance industry remains stable, rating agency A.M. Best warns that market hardening needs to continue for at least a couple of years in order to have a meaningful impact on the segments ability to sustainably make its cost-of-capital. The rating agency said this morning that it has maintained its…
Read MoreBrit upsizes first Sussex Capital UK catastrophe bond to $300m
Specialty insurance and reinsurance player Brit Ltd. is the latest to target an upsizing of its first catastrophe bond issuance, as the firms Sussex Capital UK PCC Limited (Series 2020-1) transaction now has an increased target size of $300 million. This is Brit’s first full 144a catastrophe bond deal, with the company using its UK…
Read MoreHamilton seeks $150m of retro from Easton Re catastrophe bond
Details have now come to light about the first full catastrophe bond sponsored by Hamilton, the Bermuda based insurance and reinsurance holding company, with a target of securing $150 million of retrocessional reinsurance from the Easton Re Pte. Ltd. transaction. As we explained a week ago, Hamilton has entered the 144a catastrophe bond market and…
Read MoreGuy Carpenter hires Gen Re’s Toffanello as Head of Japan
Reinsurance broker Guy Carpenter has announced the hiring of Gen Re senior executive Pietro Toffanello, who will become the firms new Head of Japan during the first-quarter of 2021. Toffanello has a more than 25 year career in reinsurance, the majority of which was spent at the now Berkshire Hathaway owned Gen Re. Most recently,…
Read MoreBest of Artemis, week ending 6th December 2020
Here are the ten most popular news articles, week ending 6th December 2020, 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 MoreHudson Structured’s reinsurance & ILS assets surpass $2.6bn
Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has increased its reinsurance and ILS AuM by roughly 30% in 2020 so far, lifting it to more than $2.6 billion at December 1st. Firm-wide, including the transportation related investments strategy managed by Hudson Structured, commitments and assets under management…
Read MoreCatastrophe bond spreads back at their highest since 2012/13
Artemis’ data on the catastrophe bond market shows that excess spreads, so the return available above expected loss, of new issuance so far in 2020 is now back at levels last seen in 2012/13. The market for catastrophe bonds and related insurance-linked securities (ILS) has already broken records in 2020, with more set to fall.…
Read MoreCapital markets use to increase, as US P&C carriers look for capacity: KBRA
Use of the capital markets and insurance-linked securities (ILS) solutions to source reinsurance capacity may increase in the wake of 2020, as property and casualty insurers in the United States come to terms with another expensive year on the severe weather and catastrophe front, Kroll Bond Rating Agency (KBRA) believes. Not only has the U.S.…
Read More