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SCOR acquires asset manager Coriolis Capital to expand ILS arm; takes AUM to $2.1bn

Europe, France, London, UK23-05-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London.

Risk trading insurtech AkinovA secures Bermuda's first regulatory sandbox licence

Bermuda15-05-2019Alternative Risk Transfer News, Insurance news, Reinsurance News, Technology News

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has received the first insurance regulatory sandbox licence from the Bermuda Monetary Authority (BMA).

Peak Re reports sixth year of growth ‘despite severe nat cats’

Asia Pacific, China, Global, Hong Kong10-05-2019Insurance news, Reinsurance News

Hong Kong-based global reinsurer Peak Re has reported its sixth consecutive year of stable growth in 2018 despite what it called a “challenging environment”.

Allianz boosts AGCS alternative risk transfer leadership in growth move

Global, London, UK09-05-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Allianz Global Corporate & Specialty (AGCS) has made key leadership changes targeting expansion in the alternative risk transfer (ART) space. The move follows the division of ART line of business into two specialist teams.

Willis Re: ILS market growth slows for two consecutive quarters

Global07-05-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Growth in the insurance-linked securities (ILS) market has slowed for the second quarter in a row, according to the Willis Re ILS Market Update.

Prudential closes $2.6bn longevity reinsurance deals in pre-Brexit rush

UK24-04-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Prudential Retirement, a unit of Prudential Financial, has completed approximately $2.6 billion in previously undisclosed longevity reinsurance contracts, assuming the longevity risks of about 16,000 pensioners, ahead of Brexit.

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

North America23-04-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.

S&P predicts ‘stable to gradual increases’ in European run-off market

Europe15-04-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.

Markel internal inquiry finds ‘no evidence’ CATco misled on loss reserves

North America15-04-2019Insurance news, Reinsurance News

An internal investigation by Markel Corporation into loss reserves in late 2017 and early 2018 at its CATCo found “no evidence” employees deliberately misled investors.

Hamilton Re secures $65m for sidecar Turing Re amidst "uncertain conditions" in ILS market

Bermuda, North America05-04-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Hamilton Re, the re/insurance platform of Bermuda-based holding company Hamilton Insurance Group, has secured $65 million of collateralised capacity through its special purpose sidecar vehicle Turing Re.

Showing 1 to 10 of 506 results

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