American Strategic Insurance Group is set to launch its first catastrophe bond. The insurer is marketing a $200 million deal designed to protect it against named storms and severe thunderstorm risks in the US.
The degree to which ILS funds and traditional reinsurers are blending is creating a situation where reinsurers are increasingly participating in the market while ILS investors are acquiring some of the characteristics of reinsurers including closer client relationships.
The insurance industry watchdog in Pakistan has taken the first steps towards what could become a fundamental overhaul of its regulatory regime for the insurance industry in the country.
Argo Re, part of the Argo Group, has become the latest reinsurer to form a vehicle that will allow it to participate in the rapidly growing insurance-linked securities (ILS) markets.
The frequency of severe flooding across Europe is set to double by 2050 leading to a fivefold increase in the annual economic losses resulting from floods, a study has found.
Specialty insurer and reinsurer Brit Insurance has confirmed its plans to float on the London Stock Exchange. The offering, likely to take place in April, could value the company at as much as £1 billion.
Jardine Lloyd Thompson Group (JLT) posted strong results for 2013 but also warned that the environment in which it is operating is becoming increasingly challenging.
Insurer Hiscox has called for the UK government to extend the scope of Flood Re, the UK’s flood insurance pool, while businesses in the country want it to be extended to cover some small to medium-sized enterprises (SMEs).
Investors would like to see multiple risk models used collaboratively to increase transparency in the ILS sector.
Bermuda will retain its position as a hub for the risk-transfer industry regardless of how the growing influence of alternative capital changes the industry in the future.