ORIGINAL PUBLICATION HERE Collateralized reinsurance structures and markets worked exactly as designed and advertised, which gives United Insurance Holdings (UPC Insurance) the confidence to execute on its strategy, according to CEO John Forney. United (UPC) is a major user of collateralized reinsurance capacity, from insurance-linked securities (ILS) funds as well as from catastrophe bond investors. […]

ORIGINAL PUBLICATION HERE The Texas Windstorm Insurance Association (TWIA) will aim to secure at least $2.1 billion of protection from the global reinsurance and insurance-linked securities (ILS) market for the 2019 hurricane season, taking its total claims-paying capacity to at least $4.2 billion. TWIA’s Board this week approved its staff to go to market and […]

ORIGINAL PUBLICATION HERE The addition of insurance-linked securities (ILS) investment expertise, through the recently announced acquisition of the Cartesian Re ILS operations, is expected to “enhance” the institutional client portfolios offered by asset manager Neuberger Berman Group. Neuberger Berman, a private asset manager with around $315 billion of assets, announced that it has acquired the insurance-linked […]

ORIGINAL PUBLICATION HERE The pension fund of the BBC, or British Broadcasting Corporation, has made a fresh allocation to insurance-linked securities (ILS) in 2018, with a £98.1 million (approx. $127m) investment in an ILS fund managed by Securis Investment Partners. The BBC Pension Trust had previously been invested in the ILS space, but exited back […]

ORIGINAL PUBLICATION HERE The two government-sponsored enterprises (GSE’s) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should be required to transfer some of the earthquake risk exposure they carry to the capital markets, according to a report. The report from nonprofit, nonpartisan, public policy […]

ORIGINAL PUBLICATION HERE Initiated by the World Bank, a technical knowledge exchange meeting was held in Bucharest with PAID Romania representatives and a delegation consisting of high-level representatives of the insurance market and the Kyrgyz parliament, on the topic of the Romanian experience in building a compulsory home insurance scheme. Organized as part of an […]

ORIGINAL PUBLICATION HERE While it sometimes feels as if insurance-linked securities (ILS) and reinsurance linked investments are almost mainstream, there is still a way to go before the asset class truly becomes a staple of the major institutional investors of this world, as evidenced in the results of a recent survey by Mercer. Mercer’s 2018 […]

ORIGINAL PUBLICATION HERE The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, has been confirmed as investing in a significant chunk of pension risk transfer specialists Pension Insurance Corporation (PIC). As we wrote […]

ORIGINAL PUBLICATION HERE The government of the Bahamas has signed back up to parametric insurance coverage from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) for the coming hurricane season, but on a restructured basis with the country divided into three regional zones. The new arrangement, announced by the deputy PM and reported […]

ORIGINAL PUBLICATION HERE Severe hurricanes in the US last year not only left local inhabitants struggling with the aftermath, but the effects also rippled through to European investment portfolios. The €197.2bn Dutch health care pension provider PFZW reported 13.3% lossesfrom its portfolio of insurance-linked portfolios. In Switzerland, the CHF17.8bn (€14.9bn) pension fund for the Swiss […]