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Tag: ILS
As Cost of Climate Disasters Grows, Some Investors Profit
Market is booming for insurance-linked securities known as catastrophe bonds.
Hiscox Re & ILS Segment Continues to Benefit from Hard Market in H1 2023
Hiscox Re & ILS net insurance contract written premium increased 17.9% in H1 2023 to $345.1 million, supported by robust double-digit growth in the North American natural disaster, retrocession, and marine books.
Commercial Property Insurance Rates Accelerate Globally
The impacts of catastrophe losses around the globe continue to be felt in the commercial property insurance market, as rate rises continued to accelerate in the fourth-quarter of 2019 with U.S. property one of the fastest moving segments. Across the globe, on average, pricing for property insurance risks increased by 13% in the fourth-quarter of… Continue reading Commercial Property Insurance Rates Accelerate Globally
Brit Announces Launch of New Lloyd’s ILS Fund
Global specialty insurer and reinsurer Brit has announced the launch of a new Lloyd’s of London focused insurance-linked securities (ILS) fund, Sussex Specialty Insurance Fund (SIF). Brit states that the new fund offers ILS investors access to Brit Syndicate 2988 and that it is the first fund structure of its type to offer access to… Continue reading Brit Announces Launch of New Lloyd’s ILS Fund
Global Reinsurance Market Survey Results Show ILS Usage to Rise
The second global reinsurance market survey conducted by Artemis and Reinsurance News reveals an expectation for more pronounced and more broad price momentum at the key January 1st renewals, while use of insurance-linked securities (ILS) is once again expected to rise. The results of our 2019 global reinsurance market survey reveal a more optimistic pricing… Continue reading Global Reinsurance Market Survey Results Show ILS Usage to Rise
Investments Help Hiscox to Profit, London Market, Hiscox Re & ILS Challenged
Global insurer and reinsurer Hiscox has reported that its H1 2019 profit before tax increased slightly to $168 million, despite the firm’s group combined ratio weakening to 98.8% as loss deterioration from prior year events hit its London Market and Hiscox Re & ILS segments. At $168 million, Hiscox’s profit increased by just more than… Continue reading Investments Help Hiscox to Profit, London Market, Hiscox Re & ILS Challenged
Artex Announces Senior Leadership Appointments
Artex Risk Solutions is pleased to announce a number of key appointments within its International Division. Scott Cobon has been promoted to managing Director, Bermuda with responsibility for the continued success and development of this growing office, which handles a diverse range of insurance management products, including captives, insurance linked securities (ILS) and commercial structures.… Continue reading Artex Announces Senior Leadership Appointments
White Mountains Acquires Minority Stake in ILS Manager, Elementum Advisors
White Mountains Insurance Group, Ltd. has acquired a minority equity stake in insurance and reinsurance linked asset manager, Elementum Advisors, LLC. Terms of the deal were not disclosed. However, our sister publication, Artemis reported on April 18th 2019 that Elementum was selling a 30% stake to White Mountains. White Mountains is known for buying stakes… Continue reading White Mountains Acquires Minority Stake in ILS Manager, Elementum Advisors
ILS Market Slows Further in Q1
Growth of the Insurance-linked securities (ILS) market continued to slow in the first quarter of 2019 following the reduction seen in Q4 2018. Slightly more than $1.1 billion was raised through non-life catastrophe bond issues, compared with an average of $1.8 million over the most recent six first quarters, the lowest during the period, and… Continue reading ILS Market Slows Further in Q1