Interviews

The philosophy of the Pioneer Cat Bond Fund is to avoid poor performers, not pick winners.

The former Aspen Capital Markets COO hopes to set up fronting partnerships for reinsurers wanting to build out in ILS.

Beazley’s $45mn first-time cyber cat bond offered all-perils coverage, though some expected early deals to start with limited scope.

The insurer secured 22 investors with its first public cat bond offering, having previously done a private deal.

The incoming president for insurance also highlighted the role Nephila could play in the transition to net zero.

Fidelis chairman Richard Brindle said a shift towards named cat perils and away from complex structures is underway, but that carriers need more unity between inwards and outwards teams to navigate the harder market.  

Allianz Global Corporate & Specialty (AGCS) is adding five new roles dedicated to ILS alongside an expansion of the ART team.

The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.

The Category 1 storm’s landfall on the east coast of Florida would be a “manageable” cat event that hurts primary carriers more than their reinsurers, he said.

Transparency and alignment of interests are the keys to expanding casualty ILS.

The Gulf Coast state is keen to distance itself from Florida’s insurance woes but is resistant to some underlying changes.

The HSCM co-founder said the cat reinsurance market was going through a profound shift that would open ILS opportunities for growth.

ILS risk-sharing should stick to peak risks, the reinsurer argued.

If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.

Rate increases are now universal in the property cat markets, the Gallagher Re executive said.

The commercial insurance CEO said that the industry should act now before the cat market reached a point of implosion.

Beazley’s own in-house ESG goals were put under as much scrutiny by its third-party capital providers as its underwriting strategies when the insurer launched ESG-focused Syndicate 4321 at the start of this year.

The Dutch pension adviser hopes to scale the vehicle to $2bn-$2.5bn over time, as it reported a slightly negative ILS return for 2021 and revealed Integral ILS allocation.

The firm will look to grow its offerings on climate change and natural catastrophe risk.

Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.

Nephila will maintain a minority holding in the MGA, which is looking for paper from more reinsurers and ILS firms.

After Slide completed a $100mn fundraise, the CEO laid out the InsurTech’s plans to launch in five states at the start of 2022 in an interview with Inside P&C.

After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.

“It's at the five- and 20-year return periods where insurers have to start looking and be worried about making sure these models capture these events,” Clark told this publication in an interview.