FULL ORIGINAL PUBLICATION HERE Parametric triggers, coupled with increasingly granular data and technology, can “expand the limits of insurability” according to Swiss Re, especially when it comes to non-physical damage business interruption (NDBI). Innovation continues to deliver on new ways to mitigate risks, Swiss Re said in a recent report. These innovations are enabling better […]

We’re all in on ILS, because it’s the future: Markel Co-CEO Whitt

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FULL ORIGINAL PUBLICATION HERE Speaking yesterday to an audience at the InsureTech Connect conference in Las Vegas, Markel Co-CEO Richard Whitt explained that his company is going all in on insurance-linked securities (ILS). Richard R. Whitt, III, one of the Co-Chief Executive Officer’s of insurance and reinsurance group Markel Corporation, explained that alongside the technological trends […]

IDF members commit $5bn of capacity to support InsuResilience goals

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FULL ORIGINAL PUBLICATION HERE Members of the Insurance Development Forum (IDF) have committed to provide up to US $5 billion of risk capacity to support delivery of the InsuResilience Vision 2025 goals, while the United Nations and other sovereign actors have committed to extending climate and disaster insurance to 500 million. Announced yesterday in New […]

SCOR may front for ILS funds: Conoscente

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FULL ORIGINAL PUBLICATION HERE Speaking to Artemis from the SCOR lounge in Monte Carlo, Jean-Paul Conoscente, chief executive of SCOR Global P&C, outlined the company’s ambitious plans to place ILS at the heart of the business. He said the reinsurers remained “nimble”, giving the reinsurer the ability to innovate. SCOR’s latest strategic plan – Quantum Leap […]

Cobbs Allen combines investment bank & insurance broker in CAC Specialty

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FULL ORIGINAL PUBLICATION HERE Independent U.S. risk management and insurance broker Cobbs Allen has launched a new unit focused on bringing together investment banking and insurance to create risk transfer solutions for corporates and private equity sponsors. The specialty broking unit CAC Specialty represents the “next wave in the long-term convergence of insurance and capital […]

Asian Development Bank launches contingent disaster risk financing solution

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FULL ORIGINAL PUBLICATION HERE The Asian Development Bank (ADB) has launched a new contingent natural disaster risk financing solution which it has named contingent disaster financing (CDF), as it seeks to deliver rapid paying risk capacity for its members after they experience significant natural catastrophe events. Contingent disaster financing (CDF) is a mechanism by which […]

Argo’s use of third-party capital continues to rise

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FULL ORIGINAL PUBLICATION HERE Bermuda headquartered international specialty insurance and reinsurance firm Argo Group has continued to expand its use of third-party capital during the second-quarter of 2019. Argo has been steadily ramping up its use of third-party capital ever since it acquired Ariel Re, resulting in a situation where the company now experiences significant […]

Alternative capital can “bypass” the traditional value chain: Aon

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FULL ORIGINAL PUBLICATION HERE For some year’s now we’ve been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain. So, it’s encouraging to hear that insurance and reinsurance […]

Schroders takes majority stake in InsuResilience fund manager BlueOrchard

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FULL ORIGINAL PUBLICATION HERE Global asset management group Schroders is set to acquire a majority stake in impact and microfinance investment management specialist BlueOrchard, the firm that is also the manager of the InsuResilience fund. Schroders said the move further accelerates its growth in the private assets arena and also in impact investing in emerging […]

Rochdale ILW mutual fund continues net asset growth, rising 42%

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FULL ORIGINAL PUBLICATION HERE City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio. The City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance […]