Bridging ILS & CAT markets with Central, Eastern & Southern Europe

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Weekly updated cherry-picked selection of news & publications relevant to our niche and broad over ILS industry.

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Information about the Company and Bermuda as the “World Risk Capital”

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Bermuda Market

ILS funds increasingly looking for reinsurer alliance : A.M. Best’s Modu
22 February 2018 @ 4:53 pm
Emmanuel Modu, Managing Director and Global Head of insurance-linked securities (ILS) at A.M. Best, has noticed ILS funds increasingly seeking more alliance with traditional reinsurers, driven partly [...]
United shifts quota share to Munich Re, TransRe and Gen Re
22 February 2018 @ 3:27 pm
United Insurance Holdings (UPC Insurance) announced during its fourth-quarter 2017 earnings call that it changed its panel of reinsurers for its quota share, to reinsurance giant Munich Re, Transatlan [...]
Caelus cat bond losses expanding as Nationwide’s aggregates grow
22 February 2018 @ 1:55 pm
A second tranche of U.S. primary insurer Nationwide Mutual Insurance Company’s catastrophe bond has now been triggered as its aggregated natural catastrophe losses have eaten further into the ca [...]
RenaissanceRe’s ILS and managed capital assets hit $3.6 billion
22 February 2018 @ 11:26 am
Bermudian reinsurance firm and third-party capital manager RenaissanceRe has grown its insurance-linked securities (ILS) and managed capital assets to an impressive $3.6 billion, thanks to growth in s [...]
Retrocession helps shield SCOR from losses, ILS untouched
22 February 2018 @ 8:56 am
French reinsurance firm SCOR felt the benefit of its retrocession program in 2017, recording net positives to its balance-sheet as it shielded the reinsurer from higher impacts from losses, but SCOR&# [...]
Nakama Re 2018 cat bond target jumps to $700m for Zenkyoren
21 February 2018 @ 3:11 pm
The target size for giant Japanese reinsurance buyer Zenkyoren’s latest catastrophe bond issuance has increased dramatically, rising 180% to $700 million for the sponsor, as it seeks to continue [...]
ILW’s can pave way as repeatable structures to fuel ILS growth: PCS
21 February 2018 @ 2:01 pm
The use of an industry loss warranty (ILW) structure in inherently complex and rapidly advancing risks, such as cyber and terror, could support the repeatability of other structures and ultimately ass [...]

London Market

InsurTech startup Gabi lands $9.5mn to fund growth
22 February 2018 @ 5:19 pm
InsurTech startup Gabi has received $9.5mn in fresh investments to finance expansion beyond the six US states where the consumer-focused insurance shopping platform already operates. The funding, led [...]
Ryan Specialty buys New Jersey wholesaler New Day
22 February 2018 @ 5:19 pm
Ryan Specialty Group has agreed to buy wholesale broker New Day Underwriting Managers and make it part of its RT Specialty unit. Fulfilling an M&A plan involving transactional broking and underwri [...]
Exin appeals for more time to finalise Ethniki offer
22 February 2018 @ 5:19 pm
Exin asked for 15 more days to submit full details of its EUR718mn ($897mn) proposal to acquire Greek state-owned insurer Ethniki on the day of the deadline, according to local press reports. The Gree [...]
CNA Hardy prepares for political risk pull-out
22 February 2018 @ 5:19 pm
CNA Hardy is proposing to withdraw from political risk following a review of its portfolio, The Insurance Insider can reveal. The carrier employs three underwriters in its political risk team: senior [...]
Claims a priority for Tom: Lloyd's COO
22 February 2018 @ 5:19 pm
Shirine Khoury Haq, the Lloyd's COO, has said claims is now a priority for Target Operating Model (Tom), the London market's modernisation drive, over 2018. Last year, electronic placement, [...]
UPC swings to Q4 profit as AmCo addition fuels growth
22 February 2018 @ 5:19 pm
United Insurance Holdings swung to fourth-quarter profit as net earned premiums soared and its combined ratio improved by 30.1 points to 92.6 percent compared with the catastrophe-afflicted period a y [...]
Cyber market is 'frustratingly immature': Beale
22 February 2018 @ 5:19 pm
The global cyber market is "frustratingly immature" and needs further research and development (R&D) to properly develop, Lloyd's CEO Inga Beale has said. Speaking at an Organisatio [...]