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, […]
ILS funds delivering decadal high (and more) returns YTD in 2023
Numerous insurance-linked securities (ILS) fund strategies have delivered decadal high returns, at least, so far in 2023, as the higher reinsurance rate environment and elevated spreads for instruments like catastrophe bonds boost their performance. While ILS fund performance has struggled in many cases over the last five or so years, 2023 is turning into a […]
Marsh McLennan to help Ukraine access global insurance market
Re/insurance brokerage, Marsh McLennan, has announced it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of the support, the broker said it will provide services on a pro-bono basis to design and deliver a risk data platform that will allow insurers to assess and underwrite […]
Twelve Capital gets strategic investment from Graubündner Kantonalbank
Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is taking a strategic investment from one of Switzerland’s cantonal banks, Graubündner Kantonalbank. Graubündner Kantonalbank has agreed to acquire a 30% stake in the holding company of the specialist insurance and reinsurance focused investment firm, Twelve Capital Holding AG. […]
TWIA opts for Aon for catastrophe modeling services
The Texas Windstorm Insurance Association (TWIA) is now set to finally appoint insurance and reinsurance broker Aon to provide catastrophe risk modeling services, after the company was recommended by its Actuarial & Underwriting Committee after a second round of RFP’s. TWIA had issued a request for proposals (RFP) for catastrophe modeling services back in October […]
Tonga gets World Bank CAT-DDO funds for volcano & tsunami recovery
The Pacific Island nation of Tonga will receive a US $8 million payout disbursement from a World Bank arranged catastrophe contingent line of credit, under a Catastrophe-Deferred Drawdown Option, or CAT-DDO. Tonga and other islands in the region were severely impacted by the eruption of the Hunga Tonga volcano on January 15th and the resulting […]
Reask gets Tencent backing for its AI catastrophe models
Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has gained a significant vote of confidence from Chinese technology giant Tencent, which has led a seed funding round for the company. Reask is already making headway in the insurance-linked securities (ILS) market, having worked closely with Zurich-headquartered […]
Cat bonds outperform many private ILS portfolios: Frontier Advisors
Insurance-linked securities (ILS) portfolios with predominantly catastrophe bond holdings have on average outperformed many mid- and higher-risk ILS fund strategies that contain private ILS transactions over recent years, according to analysis from Frontier Advisors. Catastrophe bonds typically provide reinsurance or retrocessional protection higher up in the risk tower, so are more risk-remote and so the […]
Bermuda Stock Exchange (BSX) ILS & cat bond listings surpass $50bn
Record catastrophe bond and related insurance-linked securities (ILS) market issuance in 2021 has helped the Bermuda Stock Exchange (BSX) to increase the value its listings of cat bond and ILS notes by 26% during the year. Thanks to another very active year and record issuance of catastrophe bonds in 2021, as our report documents, the Bermuda […]
ESG a “major consideration” for ILS sponsors & investors: Gallagher Re
Environmental, social and governance (ESG) issues and the ESG appropriateness of investments, emerged as a “major consideration” for both insurance-linked securities (ILS) sponsors and investors during 2021, according to reinsurance broker Gallagher Re. ESG has been a topic of discussion in the insurance-linked securities (ILS) market for a number of years, in fact we first […]
