ESG

The fund will offer additional spread versus other similarly rated corporate debt.

The charity said that improved ecosystems could help protect from disasters.

The fund returned 15.69% in calendar year 2024.

The failure of a Jamaica bond to pay out following Hurricane Beryl damage has brought focus onto the deals.

The ETF format provides for publication of a daily NAV.

The deal will include Axa IM’s alternatives funds including ILS.

The 2024 winners were celebrated at The HAC in London on 27 June.

CEO Wagstaff said the LMG must "compete with other markets".

ILS could benefit from focusing on the social aspect of ESG.

The awards event will be held on 27 June at The HAC, London.

The fund has a strong focus on cedant quality and transaction structures.

The new global bond fund can take a ‘marginal allocation’ to cat bonds.

There are currently 16 deals in the market.

The firm will deploy newly developed, proprietary cat bond analysis platform Hubble.

Steiger will oversee the new article 8 classified fund, based out of Zurich.

The new fund generated 11.2% in profits for the period from 27 January to 31 October last year.

Craig Hupper spent more than 25 years at TransRe, performing a variety of roles.

The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.

The two associations will work together on six matters, including climate change, cyber risks and taxation.

The project which began last year in Zurich has now expanded to a group standing for $29bn of ILS assets under management globally.

Alongside a parametric scheme, a further insurance pool providing up to $1bn in cover will recoup funds to benefit the post-quake recover.

This is the first multi-year plan led by the new CEO.

With fundraising still difficult outside the liquid ILS segment, managers are looking for ways to shore up their economic proposition.

The executive worked for WTW for more than two decades.

The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.

RenaissanceRe won the Manager of the Year title, while Beazley’s cyber cat bond won the non-life transaction of the year.

Gallagher Re is now lead and sole broker for ARC, the Caribbean Catastrophe Risk Insurance Facility SPC (CCRIF SPC) and the Pacific Catastrophe Risk Insurance Company (PCRIC).

Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.

Nigel Hanbury, who has been CEO since 2012, will move into the role of executive deputy chairman.

The managing director had spent eight years at Aspen before joining the ESG start-up.

The sub-syndicate will complement Hiscox’s existing portfolio, offering additional capacity to qualifying clients.

The philosophy of the Pioneer Cat Bond Fund is to avoid poor performers, not pick winners.

The products are designed to protect against instances of purchased carbon credits failing to materialise.

The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.

The parametrics pioneer said Ardonagh would bring additional capacity to clients with new solutions.

The sidecar takes a 25% quota share of CCR’s worldwide property cat book.

Ibarra joins the climate risk-focused platform after more than six years as CEO of Global Parametrics, a London-based InsurTech.

Potential rotation of the investor base, along with continuing evolution in ESG and non-cat products, are set to be themes for the upcoming year.

The firm has folded its former Nimbus weather strategy into the new vehicle.

Quota shares, collateralised re, ILWs and event-linked swaps will also form part of the offer.

Hurricane Ian’s legacy will undoubtedly lead to some shake-ups in the ILS sector, with ongoing progression outside cat and ESG strategies likely to be a focus.

Several structural factors, including the pricing cycle, make insurers more insulated from US activist states. 

The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.

Yao previously served as senior capital and reinsurance specialist at Suncorp’s Sydney office since joining the company in 2019.

The new fund launched earlier this year to invest in companies that are seeking to reduce their emissions.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

The fund will take a vertical cut of all non-life business written by Latam specialist Ocean Re.

Reinsurers and brokers alike have warned of a rocky 1 January renewal process ahead as the industry grapples with multiple issues including inflation, climate change and geopolitical uncertainty.

Hurricane Ian could present a challenge for ILS fundraising conversations this autumn if ILS firms do not find more financing solutions to manage trapped capital, according to panellists at Trading Risk New York 2022 last week.

With investor fundraising prospects challenged due to macro factors, there are questions over how much US demand growth the ILS market can absorb.

How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.

Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.

A challenged property cat market is expected to open up more opportunities for ILS growth – but the key question surrounds whether and how fast the market can attract more capital to take advantage of this dynamic.

The product protects firms buying carbon credits from third-party negligence and fraud.

Current chief Thomas Loridan will move to executive chairman.

As the ILS market heads back to the office after summer breaks to get stuck into a busy conference season, we recap our top summer features and news coverage that you won’t want to miss.

The executive will work to help corporations understand and mitigate the threats posed by climate change.

The firms said transparency on data, methodology and machine learning techniques would build trust.

The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.

Industry experts told Trading Risk why underwriting guidelines and trust in counterparty management teams are essential.

More public-private partnerships should be a priority for governments and businesses.

Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.

Collaboration should help protect against greenwashing fears but the industry should start with leaving behind the issue of the sector’s “inherent ESG” appeal.

The group, comprising Credit Suisse ILS, LGT ILS, Plenum, Schroders, Solidum and Twelve, are engaging with brokers to establish a standardised reporting framework for cedants.

Australia and Florida buyers faced capacity problems as inflation drives up pricing.

The new recruit has worked for Argo, Allianz and the European Space Agency.

Responsible investing in ILS requires “look-through data transparency”, the association says.

The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.

A BDA report found that more than 30% of Bermudian carriers have integrated ESG into underwriting.

The commercial insurance CEO said that the industry should act now before the cat market reached a point of implosion.

Ahead of a market message on 2023 business plans, Lloyd’s has set out early expectations on inflation, ESG and management of cat volatility.

Beazley’s own in-house ESG goals were put under as much scrutiny by its third-party capital providers as its underwriting strategies when the insurer launched ESG-focused Syndicate 4321 at the start of this year.

Profits slipped by 3% at the carrier in Q1, driven by floods in Australia, which added to the highest Q1 cat claims in over a decade.

ESG products can provide sustainable returns, panellists suggested.

Fee income rocketed by 88% as capital surpassed $900mn.

In certain areas more collaboration is needed but in others the market will continue to get more diverse as investors respond to post-Irma challenges in differing ways.

The pension plan was recognised after ploughing fresh capital into new ILS endeavours, while judges flagged the corporate ILS potential exemplified by logistics firm Prologis. 

The panel discussed the need to adapt to ESG and climate change

The Leadenhall co-founder was recognised alongside other winners including Ontario Teachers Pension Plan and Aon Capital Advisory.

The ILS CEO spoke about growth opportunities at Trading Risk’s London ILS conference

The former AlphaCat and Aspen executives have teamed up to bring an ESG focus to a new independent ILS platform.

She was previously an investor relations senior manager at Swiss Re.

March brought a flurry of people moves in the ILS market.

The committee is the most senior management team at the Bermuda company, responsible for governance and strategy of the firm.

The council comprises Cindy Bruyère, Henk Dijkstra, Kenneth E Kunkel and Park Williams.

The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.

The firm’s goal is to raise its own capital and partner with others.

The new firm says ESG criteria will be embedded into the products.

Carr was previously SVP, global head of property catastrophe at the reinsurer.

The SEC intends to make information around climate-related risks more transparent.

The industry has moved on from an initial focus on the nat-cat element of ESG.

Lenders, business owners and investors can assess the impact of climate driven shifts.

Singh had managed Lloyd’s catastrophe risk appetite prior to joining MS Amlin.

The move is a response to growing focus on diversity issues from allocators and regulators.

The IPCC has issued its bleakest warning yet on the impacts of climate change on the environment.

In the past month, Scor has expanded its business development team, while Lodgepine’s president and CEO left after Markel shut the retro platform.