-
The former Ledger director was joined by fellow ex-Ledger employees to “hit the ground running”.
-
Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
-
Chris Parry said the denominator effect remains a suppressant on ILS inflows after a strong phase of returns.
-
The carrier is designing an investable portfolio of long-tail risk.
-
The sidecars segment has been attracting inflows after returns hit a high note in 2023.
-
A new pooling structure allowed the firm to free up historic side pockets and provides a template for future exit options.
-
Nephila Syndicate CEO Adam Beatty said that the firm hopes to grow its new specialty syndicate to $500mn of premium within the next few years.
-
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.
-
The broker must ensure it is “leaving no stone unturned” in its search for capital, according to president and CEO of North America Pete Chandler.
-
Willis Re international chairman James Vickers said that the ILS market played a strong role in the Florida renewals, but it was becoming more difficult to judge the overall impact of the sector as more capacity stays behind rated balance sheets.
-
Cat bonds are an efficient and well-targeted answer for insuring charitable spending, according to Adam Bornstein, leader of the team at the Danish Red Cross, which oversaw the issuance of its debut cat bond covering volcanic eruptions.
-
The aspiring carrier is already providing risk-transfer deals for carbon offset buyers but plans for its initial underwriting to be focussed in more traditional areas.
-
Making it easier for brokers to use facility capacity is key to uptake, says the facility’s CEO, Dan Prince.
Most Recent
-
Allstate pegs March pre-tax cat losses at $328mn
18 April 2024 -
PFZW’s ILS allocation drops 9% in Q1 to $8.3bn
18 April 2024 -
Zenkyoren secures $150mn of Japanese quake coverage
17 April 2024