ILS an important, enabling part of our business: Blerina Essen, myLotto24

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ORIGINAL PUBLICATION HERE Following the successful completion of its latest, more flexible insurance-linked securities (ILS) transaction, myLotto24 Limited’s Managing Director, Blerina Essen, discussed with Artemis the company’s participation in the space, and how ILS has become an important part of its risk management structure. UK-based lottery provider myLotto24’s latest ILS transaction, issued using Hoplon III Insurance […]

ORIGINAL PUBLICATION HERE Centrica, one of the UK’s largest energy suppliers, suffered a tough 2017. Regulatory pressure to reduce charges to customers is eroding t operating margins. It released a profit warning in November and closed the year as the worst performing stock in the FTSE 100. In 2016, the company saw its net pension […]

PGGM ILS portfolio grows to $4.6bn, despite 2017 catastrophes

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ORIGINAL PUBLICATION HERE The insurance and reinsurance-linked investment portfolio of Dutch pension fund manager PGGM grew in 2017, as the asset manager continued to increase allocations to the sector on behalf of the pension fund it manages an allocation for and despite the impacts of catastrophe losses. In fact, it was the effect of differences […]

Blue Lotus Re sidecar launched at $62m for Sompo International

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ORIGINAL PUBLICATION HERE Blue Lotus Re Ltd. is a newly launched collateralized reinsurance sidecar vehicle from Bermudian specialty P&C re/insurer Sompo International, part of the Sompo Holdings global re/insurance giant. Blue Lotus Re has been capitalised with $62 million and provides collateralized catastrophe reinsurance capacity. Blue Lotus Re Ltd. is a Bermuda-domiciled special purpose insurer […]

ORIGINAL PUBLICATION HERE German reinsurance firm Hannover Re has facilitated a second private catastrophe bond this month with the completion of a $27 million Seaside Re (Series 2018-3)transaction, the second series of cat bond notes to be issued through its Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle in recent days. Just over a week ago […]

ORIGINAL PUBLICATION HERE German reinsurance giant Hannover Re has facilitated another private catastrophe bond transaction, with the issuance of a $10 million LI Re (Series 2017-1) deal that securitises California earthquake reinsurance risk for an unknown cedent and certain ILS investors. Hannover Re’s Bermuda domiciled segregated accounts vehicle Kaith Re Ltd. has been involved in a number […]

ORIGINAL PUBLICATION HERE A new private catastrophe bond transaction has been completed with the assistance of German reinsurance giant Hannover Re. The $20 million Seaside Re (Series 2018-1) private cat bond, or cat bond lite as they are often termed, was issued using Hannover’s Kaith Re Ltd. Bermuda domiciled segregated accounts vehicle. Hannover Re acts as a […]

ORIGINAL PUBLICATION HERE IranianRe leadership has met key executives at SCOR, PartnerRe, and Nasco Insurance Group to negotiate potential partnerships, as Iran’s biggest reinsurer follows a strategy of transferring risk to foreign reinsurers, according to the Financial Tribune. IranianRe Chief Executive Officer (CEO) and Deputy Chairman of the Board, Seyyed Mohammad Asoudeh, said in a statement; […]

Cat rates could rise 25%, but “eager” alternative capital may dampen: Willis

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ORIGINAL PUBLICATION HERE Catastrophe exposed property insurance pricing is expected to rise anywhere from 10% to as much as 25%, depending on whether accounts faced losses during the recent hurricane events, but “still eager” alternative capital providers may dampen the upward pressure on rates, broker Willis Towers Watson said. In the brokers latest Marketplace Realities […]

We don’t believe all ILS capacity can race back in for 1/1: Maloney, Lancashire

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ORIGINAL PUBLICATION HERE Speaking today, Lancashire holdings CEO Alex Maloney said that it is unlikely that all ILS capacity can race back into the market in time for the key January reinsurance renewals, but explained that his firms Kinesis vehicle will be ready to reload for any opportunities that arise. Maloney was discussing the state […]