Insurance
Higher proportion of catastrophe losses could hit reinsurance in Q4: Jefferies
The third-quarter saw significant proportions of catastrophe losses retained by insurers, due to the proliferation and aggregation of multiple smaller loss events. But the fourth-quarter could see that trend reverse, if insurers breach the retained proportion of their aggregate reinsurance covers, analysts at Jefferies have explained. In a new report, Jefferies analyst team highlights the…
Read MoreCombining cat bonds with insurance bonds a hidden source of alpha: Twelve Capital
The combination of catastrophe bonds alongside insurance bonds in an investment portfolio can generate a “hidden source of alpha” for investors, offering them an “untapped source of risk premium”, specialist investment manager Twelve Capital has said. Twelve Capital, the Zurich headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, explained in a…
Read MoreUnited (UPC) adds reinsurance with higher quota share cession rates
Florida headquartered, expansive catastrophe exposed primary property insurer United Insurance Holdings (UPC Insurance), has increased added to its reinsurance program protection by raising the quota share cession rates it has with its reinsurance partners. By raising the quota share reinsurance cession rates, United (UPC Insurance) will effectively be ceding an increased proportion of its premiums…
Read MoreUsage-Based Insurance Gets Confidence Boost During COVID-19 Pandemic
Drivers seem to have become more comfortable in the past year with the idea of giving up their data to help insurers more accurately price their coverage. In May 2019, mobility data and analytics firm Arity surveyed 875 licensed drivers over the age of 18 to find out how comfortable they would be having their…
Read MoreHamilton launches Ada Capital for high-return collateralized retro focus
Hamilton, the Bermuda based insurance and reinsurance holding company, has formally launched its Ada Capital Management platform and Ada Re underwriting vehicle for its awaited entry into the collateralized retrocession space. As we explained before, Hamilton’s ambitions to capitalise on the dislocated retrocession market were already clear, with the launch of Ada Capital Management Limited…
Read MoreStrategic Risk Solutions hires Charleson to expand ILS activities
Strategic Risk Solutions, Inc., a provider of insurance, reinsurance and captive management and consulting services, has announced the hiring of Matthew Charleson in Bermuda from Apex, who joins SRS with a remit to expand the firms insurance-linked securities (ILS) activities. Charleson is well-known in the Bermuda ILS market, where he has worked for a number…
Read MoreCOVID-19 waves & vaccines modelled for La Vie Re mortality cat bond: RMS
The potential impacts of a second wave of the COVID-19 pandemic on mortality, as well as how vaccines and other factors play into this, was modelled for in the recent La Vie Re Limited (Series 2020-1) mortality catastrophe bond issuance, RMS has explained. The successful issuance of the La Vie Re mortality catastrophe bond in…
Read MoreMulti-year hard market like 2001 possible in reinsurance: Jefferies
An aggregation of similar inflationary factors to those seen in 2001 means the reinsurance market may see a multi-year hard market, according to analysts at Jefferies. Jefferies analyst team believes that insurance and reinsurance companies are facing asset, liability and earnings related issues, which together could conspire to drive rates higher across a number of…
Read MoreInigo launches with $800m from pension, sovereign wealth & PE investors
Inigo Insurance is launching in time for the January renewals as a London headquartered and Lloyd’s market focused specialty insurance and reinsurance underwriter, with $800 million of funding from a range of pension, sovereign wealth and private equity investors. Subject to approval from the Corporation of Lloyd’s, Inigo Insurance is set to become the latest…
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