January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 6, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Brit Launches the First ILS Fund at Lloyd’s December 9, 2019 Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd’s...
Willis Re Securities Completes €120 Million Catastrophe Bond for France’s Covéa Mutual November 19, 2019 Willis Re Securities reports it has structured and placed EUR 120 million of insurance-linked securities (ILS) to provide reinsurance capacity...
Gallagher’s Artex Risk Completes Purchase of ILS Specialist Horseshoe Insurance November 18, 2019 Arthur J. Gallagher & Co. announced its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions Inc., has completed...
PCS Extends Catastrophe Loss Methodology to Australia, N. Zealand, SE Asia October 30, 2019 Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan,...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last? October 24, 2019 By L.S. Howard Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best October 23, 2019 Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging...
Artex Acquires Bermuda-Based ILS Specialist Horseshoe Insurance Services Holdings October 4, 2019 Artex Risk Solutions, the captive and alternative risk management solutions subsidiary of Arthur J. Gallagher & Co., announced it has...
Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine September 19, 2019 Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance...
Electronic Marketplace AkinovA Donates Data Assets to ACORD for Industry Standards September 16, 2019 AkinovA, the independent electronic marketplace for the transfer and trading of re/insurance risk, has donated key insurance linked security (ILS)...