NORTH MACEDONIA: MIA: only 5% of registered agricultural businesses use insurance
According to the information of MIA (Media Information Agency), trust in insurance is the lowest among farmers, which means that interest in buying insurance policies among agricultural producers in the country is at a very low level – out of over 90,000 registered agricultural holdings, less than 5% insure their production, osigurajse.net wrote. According to Gjorge VOJNOVIC, Director […]
China:Insurers give their views on Greater Bay Area
The insurance sector sees little marginal benefit to operating in the Greater Bay Area (GBA), according to “The Oxford Metrica Survey 2021: Hong Kong – the Leading Global Financial Centre” released last month. FULL ARTICLE HERE
Twelve Capital predicts positive trends for 2022
Twelve Capital has said it believes the sector will benefit from a number of factors in 2022, including higher interest rates, improved pricing, and an increased ESG focus. In a note to investors, the firm said that it sees attractive opportunities in insurance fixed income due to credit spreads being higher than those of corporates, […]
Extreme weather drives up natural catastrophe losses
October’s hail storm in eastern Australian states and other major catastrophes globally led to $US116 billion ($162 billion) in insured losses last year, the third highest since 2011, according to estimates from reinsurance broker Gallagher Re. Gallagher Re says a series of extreme weather events in the US and worst ever floods in Europe were […]
Hannover Re’s aggregate XoL retro cover shrinks by almost 50% at Jan renewal
For 2022, the size of Hannover Re’s aggregate excess-of-loss (XoL) worldwide retrocession reinsurance layer has decreased by almost 50% to approximately €113 million, as the German reinsurer navigated more challenging retro market conditions at the January 1st renewals. As forecast towards the end of last year, aggregate retro capacity was harder to source and more […]
Twelve Capital positive on re/insurance sector investing for 2022
Investment manager Twelve Capital has explained that it believes the insurance and reinsurance sector has positive attributes as an investment asset class for 2022, with both macroeconomic and idiosyncratic tailwinds expected to drive returns this year. Twelve Capital is a Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, with strategies both […]
Positive cat bond market momentum will continue: Klugman, Swiss Re
There is “no doubt” that the positive momentum witnessed in the catastrophe bond market over recent years will continue, according to Judy Klugman at Swiss Re, who anticipates another strong year for the market in 2022. The latest insurance-linked securities (ILS) market report from reinsurance firm Swiss Re tells a story of a growing catastrophe […]
30+ humanitarian relief cat bonds in pipeline: Howden
A year ago, a unique cat bond that melded volcano risk and humanitarian relief was a headline-grabbing unique deal. David Howden, one of its architects, claims as many as 30 more deals are in a very robust pipeline. In March 2021 Howden Group, via its charitable foundation the Howden Foundation, was instrumental in arranging a […]
Cat bonds for recovery highlighted by Caribbean Development Bank
Catastrophe bonds and parametric insurance have both been highlighted by the President of the Caribbean Development Bank (CDB) in a speech laying out priorities for 2022 and a plan for marshalling financing to support regional economies. The Caribbean Development Bank (CDB) is designing a “financing ecosystem” through which it aims to support the regions economies […]
Our alumni became General Counsel & Head of Legal – North America at AGCS
We are delighted to announce that William F. Fawcett, who is our alumni from September 2021 cohort and actually the first student who enrolled into the course has become General Counsel & Head of Legal – North America at Allianz Global Corporate & Specialty. Many congratulations, Will! * * * William’s testimonial about the course: […]