ARC gets US Gov backing to expand parametric insurance capacity in Africa
African Risk Capacity Limited (ARC Ltd.), the financial affiliate and underwriting entity of the African Risk Capacity (ARC) Group, has entered into a landmark US $11.7 million partnership with the United States Government, to help expand access to parametric insurance and increase the size of its risk pool. The goal is to further safeguard food […]
Family offices leaning into insurance for diversification. So is KKR: McVey
Family office investors are increasingly leaning into allocations to the insurance sector as they seek out sources of diversification and relatively uncorrelated returns, something that investment giant KKR has been doing itself, according to the firm’s Henry McVey. For KKR, insurance is an area of investment designed to expand its business from a strategic standpoint, […]
Cyber cat bonds issued so far “highly correlated” with each other: Plenum
While the catastrophe bond market cheered the emergence of cyber cat bonds in 2023, fund manager Plenum Investments has offered a note of caution, saying that as they all cover cyber loss events that would be in the far tail, they are all correlated with little diversification on offer between them. As a result, Plenum […]
Augment Risk launches dedicated insurance-linked securities (ILS) division
Risk capital and reinsurance solutions broker Augment Risk has launched a dedicated insurance-linked securities (ILS) offering, as it looks to break into the market for matching insurance risk with institutional capital. The company has hired Thad Hall to lead this new offering as Partner, Head of ILS Solutions at Augment Risk. Hall was most recently […]
Our Programme was shortlisted for the AXCO’s Global Insurance Awards’24
Phoenix CRetro is delighted to be shortlisted for the Axco Global Insurance Awards in the Best Training Initiative in Global Risk category. Now its 2nd year, the Axco Global Insurance Awards celebrate the outstanding achievements, innovation and collaboration of the insurance ecosystem managing complex global risk. Following a thorough judging process, Phoenix CRetro was shortlisted, […]
Descartes expands parametric solutions beyond cat, with first cyber offering
Demonstrating its appetite to deliver parametric insurance and data-driven risk transfer solutions beyond natural catastrophe, weather and climate risks, specialist Descartes Underwriting has launched its first parametric cyber offering. The company said today that it intends to build on its successful parametric offerings, which have been naturally focused on catastrophe related risks, to offer solutions […]
China’s regulator looking to green and cat bonds to deepen cooperation between Mainland and Hong Kong
The NFRA is aiming to boost cross-border initiatives between the Mainland, Hong Kong and Macau. FULL ORIGINAL PUBLICATION HERE
Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk
Insurance-linked securities behind 2023’s best hedge fund play Weather, inflation delivered the perfect cocktail last year For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. FULL ORIGINAL PUBLICATION HERE
Twelve Capital forecasts longer-lasting heightened ILS pricing environment
Twelve Capital, the Zurich headquartered insurance-linked securities (ILS) and reinsurance investment manager, is forecasting “a longer-lasting heightened pricing environment”, or so-called hard insurance market cycle, with discipline one factor that can help sustain this. The investment manager forecasts returns in the 10% range for liquid catastrophe bond fund strategies in 2024, losses allowing, helped by […]
UCITS cat bond fund assets soar 25% to record near $11bn high in 2023
Catastrophe bond funds in the UCITS format experienced significant growth in assets under management in the final quarter of 2023, growing by 10.5% that period, to end the year with almost $11 billion of assets across this group of cat bond funds. The combined assets under management (AUM) of the main UCITS catastrophe bond funds […]