World Bank to scale-up access to catastrophe bonds and reinsurance capital
The World Bank announced a significant expansion of the use of catastrophe bonds, reinsurance and instruments such as parametric risk,.. Read More
personal Insurance
New Zealand North Island floods insured loss raised further 12% to NZ $2.23bn: PERILS
The insurance and reinsurance industry loss estimate for the early 2023 severe flooding that affected the Auckland region of the,.. Read More
Nephila demonstrated itself as an ILS market leader in 2023: Noble, Markel
Nephila Capital had a “fantastic” year in 2023, according to Jeremy Noble, President of Insurance at Markel, who said that,.. Read More
RenRe has ample third-party capital, but will be opportunistic: CEO O'Donnell
The RenaissanceRe Capital Partners vehicles, which are the range of third-party investor capitalised balance-sheets, reinsurance joint-ventures and insurance-linked securities (ILS),.. Read More
Markel lifts credit loss impact from Vesttoo letters of credit (LOC) to $65m
Having reported one quarter ago that it recognised a $25 million credit loss against a fraudulent $50 million letter of,.. Read More
Aon calls for Clear Blue's lawsuit over Vesttoo fraud to be dismissed
Aon has filed a motion calling for the New York state lawsuit that fronting specialist Clear Blue Insurance filed against,.. Read More
AXIS' reinsurance premiums ceded to investors rises 17% in 2023
AXIS Capital, the Bermuda based specialty insurance and reinsurance company, has increased its activities with third-party investors in 2023, ceding,.. Read More
Nephila fund revenues rise at Markel, cat and specialty ILS programs grow
In reporting its full-year 2023 results, Markel Group has highlighted higher insurance-linked securities (ILS) revenues from the managed ILS funds,.. Read More
Descartes expands parametric solutions beyond cat, with first cyber offering
Demonstrating its appetite to deliver parametric insurance and data-driven risk transfer solutions beyond natural catastrophe, weather and climate risks, specialist,.. Read More
AIG invested $350m in RenaissanceRe's Capital Partners vehicles at 1/1
Insurance giant AIG made good on its promise to invest into some of the third-party capital backed reinsurance joint-venture vehicles,.. Read More
Gallagher Re names Spenner International CEO, as Melia to retire
Gallagher Re, the reinsurance broking arm of the Gallagher group, has announced that Dirk Spenner will become International CEO, as,.. Read More
BMS Re names Wheeler and McGuire Co-CEO's, as Chandler moves to vice-chair
Reinsurance broker BMS Re, part of the BMS Group, has announced that its chief executive officer Pete Chandler is stepping,.. Read More
