Category: Uncategorized

Insurtech 2017: Hype vs. Impact

Posted by on

Which Insurtech ideas are likely to have an impact in 2017? Which will turn out to be hype in hindsight? Greg Brown at Oxbow Partners has the answers. With Brexit underway and Trump in the White House, 2016 was not a good year for...

April 1 2017 pricing data

Posted by on

Data from the first few months of 2017 shows that there has been a steep fall in the returns of new catastrophe bonds compared with those issued in the first quarter of 2016. The returns of bonds exposed to US hurricane risk has reached...

January 1 2017 Pricing – Part Two

Posted by on

Guy Carpenter's Global Property Catastrophe Rate-on-Line index fell 3.7% at January 1 2017, compared to 9.0% a year ago. Reinsurance brokers noted that the US market was relatively stable while other territories experienced larger reductions. RMS's...

Perspectives interview with Michael Coles – Part I

Posted by on

Michael Coles is the managing director of Coles Advisory Partners. He discusses how the last few years have seen an unprecedented level of technological innovation in the insurance industry and what that might mean for the future...

Perspectives interview with Michael Coles – Part II

Posted by on

What are some of the most exciting developments in distribution? How might that affect ILS funds? The re/insurance value chain is quite elongated, and there are a lot of premiums coming out of it. The reason we're excited about distribution...

Rogue trader insurance

Posted by on

In November 2012, Kweku Adoboli was imprisoned for seven years for a fraud that cost UBS over $2 billion. Rival Swiss bank Credit Suisse is now in the process of placing a bond that will protect it from operational risks like this for...

Quantifying the unquantifiable

Posted by on

Reinsurers and ILS funds are frequently in the business of risking large amounts of investors' capital based on very little relevant data. Some contracts cover very remote risks such as meteor strikes, others cover risks,...

News review | May 03 2016

Posted by on

USAA’s latest catastrophe bond, Residential Reinsurance 2016 Limited (Series 2016-1), is set to achieve the upsized target of $250m of collateralised reinsurance cover, with all three tranches expected to price at the lowest end...

The velocity of money

Posted by on

The quarterly   In 2015, the growth rate of the specialist insurance linked funds slowed by more than 50% relative to its peak in 2013.     Net of the organic growth produced by positive returns, capital flowed into the specialist...

News review | February 08 2016

Posted by on

The US National Hurricane Center has delivered its final tropical cyclone report for hurricane Patricia, putting the minimum central pressure of the storm at 932mb at landfall on the Mexican coast. This suggests the MultiCat Mexico Ltd (Series...

News review | November 30 2015

Posted by on

Zenkyoren has returned to the cat bond market with a new $200m Nakama Re offering, seeking reinsurance cover for Japanese earthquake events. The indemnity transaction has a similar structure to the mutual insurer's $375m Nakama Re...

News review | November 23 2015

Posted by on

The CEO of UK terrorism backstop Pool Re has responded to the French prime minister Manuel Valls' concerns over chemical or biological attacks by terrorist groups. "Pool Re is ready and able to respond to any such heinous assault...

News review | November 09 2015

Posted by on

Interest in cat bonds is waning, according to an article in the UK's Financial Times. It notes that new issuance has barely kept up with a wave of maturities and that the level of cat bonds outstanding is roughly flat, at about $25bn. "Earlier investor...

News review | October 19 2015

Posted by on

Details of a new $275m catastrophe bond, issued by National Railroad Passenger Corporation (Amtrak), have emerged. It is the first time Amtrak has obtained capital markets protection for storm surge and wind from named storms as...

NASA’s Dr Tim Hall analyses a cat bond

Posted by on

InsuranceLinked's resident scientist uses his hurricane model to analyse the default probabilities of a recent cat bond issued by AIG. Compass Re II is a $300m US hurricane catastrophe bond issued by AIG that covers the 2015 hurricane...

The S curve – the effect of wealth on insurance markets

Posted by on

The global insurance industry is not fulfilling its potential - many companies and individuals are underinsured for key risks. In less developed countries, losses from natural catastrophes can be almost totally uninsured. Last month,...

Forward to Hedging Hurricanes by Adam Alvarez

Posted by on

Forward by Michael Millette Click here for the US edition $5.95   Click here for the UK edition £3.95 or search your local Amazon site for 'Investing in Hurricanes' Insurance-linked bonds and funds have graduated from their...

Investing in Hurricanes

Posted by on

InsuranceLinked is pleased to announce the publication of the Kindle edition of our popular introduction to the industry: Investing in Hurricanes: A Concise Guide to Reinsurance, Catastrophe Bonds, and Insurance Linked Funds. 'Adam Alvarez...