Insurance

The upcoming January 2021 reinsurance renewals are expected to be lengthier and more complex, as a range of factors play into negotiations, according to reinsurance broker Guy Carpenter. While new capital is entering the market, rates are increasing and on the investment side asset values have recovered to a degree, the expectation is that uncertainty…

Well-known London market retrocession focused broker Matt Foreman has now joined Lockton Re as its new Head of the Non Marine Retrocession and Property Specialty Division. Lockton Re, the reinsurance broking arm of the privately held and independent intermediary, hired Foreman as the company starts to build-out a new retro practice, as this publication previously…

The fact insurance-linked securities (ILS) such as catastrophe bonds and other reinsurance-linked assets clearly demonstrated their value during the height of the COVID-19 pandemic financial market volatility, is likely to draw investors to the sector, Aon Securities believes. The most negative effect of the pandemic on catastrophe bonds was a brief pause in issuance, for…

Vantage Risk, the new insurance and reinsurance start-up business from industry veterans Greg Hendrick and Dinos Iordanou, has now launched and revealed a strategy that includes building out insurance-linked securities (ILS) capabilities to drive growth of the company. As we covered a few weeks ago, Vantage was setting itself up for launch with a few…

Aon’s retrocession and specialty reinsurance broking Global ReSpecialty unit of its Reinsurance Solutions division has hired Marcus Taylor, who previously held senior roles at broker Ed and IAG Re in Singapore. Marcus Taylor joined Aon’s Global ReSpecialty operation yesterday, December 2nd as a reinsurance broker based in the UK. Aon confirmed the hire with us…

Fitch Ratings has adjusted its outlook for the global reinsurance sector to stable, from negative, citing the hardening reinsurance market as the reason for its now more positive view on the market. The rating agency had been negative on the future prospects of the global reinsurance market as recently as September, when a report said…

Lloyd’s based specialist motor insurer ERS will now back the Arcus 1856 syndicate at Lloyd’s, taking over the operation from the Credit Suisse Insurance-Linked Strategies (ILS) team. It’s understood that Credit Suisse ILS had been looking for a buyer, or someone to step in and take over the Lloyd’s syndicates backing, as it had not…

AXIS Capital has increased the size of its latest catastrophe bond issuance by 50%, as the Northshore Re II Ltd. (Series 2021-1) transaction is now set to complete at $150 million in size, with pricing now been fixed below the initial guidance. The Bermuda headquartered global specialty insurance and reinsurance firm returned to the catastrophe…

Reinsurance broker Guy Carpenter has announced the hiring of Miles Shephard from Aon, who will join the company as Managing Director and Head of GC Access, International, its specialist program capacity focused unit. GC Access is dedicated to program business and works to connect managing general agents (MGA) with capacity, including enabling access to the…