Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by Reinsurance Group of America (RGA) in partnership with RenaissanceRe (RenRe), has promoted its Chief Operating Officer and General Counsel Andrew Markus to become Chief Executive Officer (CEO), Bermuda.
Read the full article
Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher.
Read the full article
According to a report, insurance and reinsurance giant Aon and its acquisition target Willis Towers Watson (WTW) were both “surprised” by the US Department of Justice (DoJ) filing a lawsuit to try and block their merger.
Read the full article
The latest catastrophe bond from Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. has now been priced and we understand that all three tranches of the $200 million Umigame Re Pte. Ltd. (Series 2021-1) issuance have seen their coupons finalised at the low-end of reduced guidance.
Read the full article
Italian and global insurance giant Assicurazioni Generali S.p.A. has now secured its first green catastrophe bond, the EUR 200 million Lion III Re DAC cat bond, with a roughly 18% price drop from the initial mid-point of guidance.
Read the full article
Specialist cyber focused underwriter CFC has announced that backing for its newly launched Lloyd’s Syndicate 1988 includes an insurance-linked securities (ILS) fund, a large pension fund, and also reinsurance firms based in Bermuda, Cayman and Japan.
Read the full article
Severe storms rolled into Illinois in the last few hours, with tornado warnings were raised for the Chicago suburbs. At least one tornado touched down and has caused significant damage in the Woodridge suburb of the city.
Read the full article
Here are the ten most popular news articles, week ending 20th June 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.
Read the full article
RenaissanceRe is targeting an increased issuance size for its latest catastrophe bond, with the company now seeking 67% more multi-peril reinsurance protection from the new Mona Lisa Re Ltd. (Series 2021-1) transaction, at reduced pricing compared to initial guidance.
Read the full article
Tropical storm Claudette is now forecast as likely to be named in the coming hours and make the first landfall of the 2021 Atlantic hurricane season, with the latest forecasts suggesting that sustained winds could near 45 mph, while torrential rain, flooding and some tornadoes are forecast for the Louisiana and inland region.
Read the full article
The recently completed $150 million Titania Re Ltd. (Series 2021-1) catastrophe bond is an important part of Ariel Re’s strategy, according to the reinsurance firm’s CEO Ryan Mather, who also said that partnership with ILS investors is beneficial to the company, its clients and its owners.
Read the full article
Insured losses from the Magnitude 7.0 earthquake that struck off the coast of the Fukushima region of Japan on February 13th 2021 have continued to rise and at a faster pace, with the loss to the insurance and reinsurance industry now reaching above US $1.62 billion, according to data from the General Insurance Association of […]
Read the full article
Investment manager Franklin Templeton has launched a new UCITS catastrophe bond fund, which is portfolio managed by Jonathan Malawer from its hedge fund specialist manager arm K2 Advisors.
Read the full article
The $50 million Wrigley Re Ltd. (Series 2021-1) catastrophe bond transaction, that will provide parametric earthquake insurance protection to a real estate captive insurer owned by investment giant Blackstone, has now been priced and its coupon fixed approximately 20% below the initial mid-point of price guidance.
Read the full article
