
Here are the ten most popular news articles, week ending 4th October 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics.To ensure you never miss a thing or get our email alerts for every article we publish..
Multiplicity Partners, a boutique Zurich-based investment firm that specialises in secondary opportunities and providing liquidity solutions to holders of private market funds and distressed assets, is targeting the insurance-linked securities (ILS) space and wants to offer a solution to those experiencing trapped ILS collateral.The catastrophe bond market saw continued positive momentum throughout the third-quarter of 2020 and despite continued financial market uncertainty and volatility as a result of the Covid-19 pandemic, the result was an above-average quarter of issuance, according to our latest report and data.A new cyber business interruption insurance solution using parametric triggers related to outages has been launched at Lloyd’s with backing from Tokio Marine Kiln (TMK) and other members of Lloyd’s Product Innovation Facility including reinsurance firm RenaissanceRe.
The opportunity to takeout insurance policies from Florida’s Citizens Property Insurance Corporation may return once again, as the insurers portfolio is expanding faster than it expected and it feels some of the book may be attractive.Analysts from Jefferies said they would advise specialty insurance and reinsurance firm Beazley to look to securing additional reinsurance capital, over other funding sources such as another equity raise, after the firm reported escalating losses and given the active levels of catastrophe loss activity seen.White Mountains Insurance Group, Ltd.
is set to make a significant investment into re/insurer Ark Insurance Holdings, with plans to ramp up its capacity across the markets it operates in and upgrade its reinsurance capabilities in Bermuda.A new mortality catastrophe bond transaction is in the market, as life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company looks to the capital markets for $100 million of more of mortality related life reinsurance through a La Vie Re Limited (Series 2020-1) deal.Bermuda domiciled re/insurance, run-off and legacy specialist underwriter and investor Enstar Group has made a formal approach to the board of Watford Re’s holding company to acquire the total return focused reinsurance firm.
The California Earthquake Authority (CEA) is back once again in the catastrophe bond market with the second issuance it has sponsored so far this year, seeking a $250 million or larger source of collateralised earthquake reinsurance from this Ursa Re II Ltd.(Series 2020-1) deal.Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets under management remained relatively flat through the last quarter of record, as redemptions appear to have slowed significantly, while the investor increased its holdings in catastrophe bonds.
This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago..To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.
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