Insurance

Two insurance-linked securities (ILS) funds operated by Zurich based specialist ILS and catastrophe bond investment manager Plenum Investments have been accredited with a sustainability FNG Label by the German “Forum Nachhaltige Geldanlagen e.V.” Our recent survey (results coming soon), found that ESG has huge strategic relevance for the insurance-linked securities (ILS) and reinsurance-linked investments community.…

The Lloyd’s insurance and reinsurance market is expecting hardening market conditions to enable its syndicates to grow largely through achieving better rates, with many not expected to assume greater exposures according to plans, CEO John Neal said today. In a sign of the continued underwriters market, this suggests that prudent players will be able to…

The first catastrophe bond to be sponsored directly for the benefit of Alphabet, Inc., the holding company for Google and its many units, has now been priced on-target at the mid-point of guidance, while the Phoenician Re Ltd. (Series 2020-1)  cat bond transaction will close at the same $237.5 million size it launched at. Alphabet,…

Within both the market and contracts the exclusion of communicable diseases is unsurprisingly a key focus, but there are other, similarly difficult to predict losses that companies should be examining, according to industry experts. “While cyber certainly shouldn’t be unexpected, I really don’t think we’ve got our arms around it, as yet,” said Heather Kitson,…

Reinsurance capital could find itself on the hook for the largest share of COVID-19 losses from second waves of the virus sweeping Europe, with primary insurers largely happy with their loss-picks so far, analysts at Barclays have said. As Europe entered its second wave proper of the COVID-19 coronavirus pandemic in recent weeks, the analysts…

China’s western region and in particular the municipality of Chongqing with its population of over 31 million, which includes the megacity of the same name, could benefit from cooperation on topics such as disaster insurance, with catastrophe bonds seen as an opportunity, according to the Singapore government’s Monetary Authority. Speaking at the 3rd Singapore-China (Chongqing)…

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, has continued to add new capital to one of its core insurance-linked securities (ILS) fund strategies, the Atropos, which has now exceeded the $1 billion mark in terms of assets under management. At the same time, SCOR Investment Partners overall insurance-linked securities…

The use of advanced technology and improvements in data and analytics to develop innovative parametric triggers is a stimulating proposition, both in the natural catastrophe space and beyond, according to Jonathan Clark, Head of Public Sector at reinsurance broker Guy Carpenter. In an interview earlier this year with Artemis around the launch of Guy Carpenter’s…

Global reinsurance firm Swiss Re looks set for another good result from its latest visit to the catastrophe bond market, as its new Matterhorn Re Ltd. (Series 2020-5) transaction has now doubled in size, while at the same time its coupon pricing has fallen to below the guidance range. The Matterhorn Re 2020-5 transaction is…