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Alternative Risk Transfer
Specialist Lloyd's insurer Neon has unveiled the first insurance-linked securities (ILS) vehicle to be formed in the UK and completed a $72 million collateralised quota share reinsurance transaction that will underwrite a portion of its syndicate’s business. 3 January 2018
Insurance
Reinsurance rates did not increase by as much as expected in the year-end renewals as many reinsurers conceded ground to clients as the date neared, particularly in non-loss affected areas, according to JLT Re’s Retrospective Renewal Report. 3 January 2018
Insurance
The natural catastrophes which struck North America represented the most important development in the non-life re/insurance sector in 2017, according to executives interviewed by Intelligent Insurer for our year-end questionnaire. 29 December 2017
Alternative Risk Transfer
In 2017 the UK introduced legislation to make the jurisdiction a hub for insurance-linked securities – a move that could represent an important shift in the ILS landscape, according to executives interviewed by Intelligent Insurer for our year-end questionnaire. 29 December 2017
Insurance
The global insured losses from catastrophes in 2017 are estimated at $136 billion, according to Swiss Re’s sigma report estimates, well above the annual average of the previous 10 years, and the third highest since sigma records began in 1970. 20 December 2017
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform which will commence trading during the first quarter of 2018, plans to launch a reinsurance MGA in early 2018. 20 December 2017
Insurance
Starr Companies has appointed Steve Blakey as president and chief executive officer of Starr Insurance Holdings. 20 December 2017
Insurance
The US property catastrophe rates are to increase between 5 percent and 10 percent in aggregate at the upcoming renewal periods, Moody’s said in a Dec. 18 report. 20 December 2017
Insurance
Japanese lender Softbank has led a $120 million funding round in US insurtech firm Lemonade which wants to use the funds for a global expansion in 2018. 20 December 2017
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, is set to launch and commence trading during the first quarter 2018. 20 December 2017
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