Generali sees capital markets investors as an additional source of capacity for its parametric portfolio, which can diversify its reinsurance panel, the firm's global head of parametric products and solutions for Global Corporate & Commercial Michele Pignoli has said.
ILS
A lack of institutional investor uptake will likely slow growth in the cyber catastrophe bond market, according to participants in The Insurer TV’s ILS panel at this year’s Rendez-Vous in Monte Carlo.
ILS investment manager Twelve Capital is preparing to launch a fund dedicated to parametric risk transfer, its ILS senior advisor Dr Rom Aviv revealed at the Weather Risk Management Association (WRMA) conference in London.
Legacy specialist Enstar has acquired a Bermuda-domiciled Class 3B insurer and segregated accounts company through its subsidiary Cavello Bay reinsurance.
Markel-backed Chard Re has appointed William Orendorf as chief underwriting officer.
Beazley CEO Adrian Cox has doubled down on the role played by catastrophe bonds and industry loss warranty (ILW) arrangements in the carrier’s cyber reinsurance protection.
Singapore’s government and financial regulator have signalled their support to grow the city-state’s role as a hub for parametric solutions, in the latest indicator of the rising role alternative risk transfer instruments are playing in the region.
Misconceptions are driving a backlash against parametric catastrophe bonds, Plenum Investments’ Dirk Schmelzer has told
Year-to-date cat bond issuance of $13bn across 75 issues is forecasted to surpass record issuance in 2023 of $16bn from 95 deals, according to Fitch Ratings, with Helene and Milton not expected to cause significant losses to cat bond investors.
Nephila increased assets under management to $7.0bn at the end of the third quarter, up 6 percent from the end of the second quarter, with Markel’s Jeremey Noble stating the insurance-linked securities operation is “well positioned heading into the new year”.
Axis and Axa XL have insured part of a $1bn securitisation tranche launched by the investment arm of the Inter-American Development Bank (IDB), designed to support lending capacity for new development projects across Latin America and the Caribbean.
Like many in the industry, The Insurer TV’s latest young meteor never intended to work in insurance. Initially a consultant at Baringa, Benedict Altier became fascinated with the sector, ultimately deciding to found CatX.
Former Howden and Lancashire ILS executive Darren Redhead is returning to frontline underwriting with the launch of a new Bermuda-based ILS manager that is expected to go live at 1.1.
The (re)insurance industry’s ability to demonstrate pricing adequacy to institutional investors will be the most important driver in doubling the size of the cat bond market to $200bn by 2032, according to Nephila Climate CEO Maria Rapin.
The team behind Credit Suisse Insurance Linked Strategies Ltd has completed a management buyout with the group now operating independently from UBS Group, and the operation poised to be renamed Euler ILS Partners Ltd later this month.
