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Allianz shakes up AGCS alternative risk transfer leadership in growth push

Global09-07-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Allianz group's specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has added new global leadership positions in its alternative risk transfer (ART) and liability lines of business to help drive the expansion of its services.

Christchurch City Council looks to ILS to boost cover; Mayor Dalziel visits EC3

New Zealand08-07-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Christchurch City Council is considering insurance-linked securities (ILS) to increase its insurance cover for underground assets such as water and waste pipes.

Allianz to shut 'untenable' Australia and New Zealand units as claims mount; Pacific CEO departs

Asia Pacific, Australia04-07-2019Alternative Risk Transfer News, Insurance news, Reinsurance News, Specialty

Allianz Global Corporate & Specialty (AGCS), Allianz group's specialist corporate insurer, will cease underwriting long tail risks in Australia and close its operations in New Zealand with effect from September 2019, following a "strategic review" of the business. The decision has led to the departure of its Pacific CEO Willem Van Wyk.

Liberty Mutual renews Limestone Re sidecar at $240m despite 'challenging ILS market'

Bermuda, North America02-07-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

US insurer Liberty Mutual has renewed its Bermuda domiciled reinsurance sidecar Limestone Re at approximately $240 million, an overall lower target size than last year's $278 million due to a "revised portfolio composition".

Essent Group closes $333.8m mortgage ILS deal

Bermuda25-06-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Bermuda-based mortgage insurance provider Essent Group, a subsidiary of Essent Guaranty, has closed a $333.8 million reinsurance transaction and related mortgage insurance-linked notes offering.

Twelve Capital to focus on own ILS funds in Europe following 'strong investor demand'

Europe19-06-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Twelve Capital, an independent investment manager specialising in insurance with approximately $4 billion in assets under management, is expanding its product range for insurance-linked securities (ILS) investors, including cat bonds, collateralised reinsurance and multi-asset offering, across its target markets in Europe.

Nephila’s Schauble: weather protection market ‘like early days of cat ILS’

London, UK18-06-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

The development and growth of weather risk protection products, in response to increasing awareness of climate change, “feels like the early days of the catastrophe ILS market”, Nephila Climate chairman Barney Schauble has said.

PERILS acquires Canadian loss aggregator CatIQ in expansion move

Canada, Europe18-06-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Zurich-based catastrophe insurance data provider PERILS has acquired Canadian loss and exposure aggregation firm Catastrophe Indices & Quantification (CatIQ).

Artex shuffles senior ILS and Bermuda leadership in growth push

Bermuda18-06-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Artex Risk Solutions, a Bermuda-based global insurance management firm, has made a series of key appointments within its international division.

Aon Securities hires JLT Capital Markets co-heads in ILS growth strategy

Europe, North America, UK11-06-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Aon Securities, the investment banking division of re/insurance broker Aon, has made two new strategic hires to help drive growth and innovation within its capital markets function.

Showing 1 to 10 of 519 results

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