This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The capital raise for the 2024 underwriting year for London headquartered specialty insurance and reinsurance firm Beazley’s third-party capital backed Smart Tracker syndicate 5623 was “heavily oversubscribed” and the structure remains on-track to deliver a fourth consecutive year…
TransRe’s Craig Hupper to retire from company at year-end
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Craig Hupper, an executive from global reinsurance company TransRe who is well-known and liked in the insurance-linked securities (ILS) community, is set to retire from the firm at the end of this year, Artemis has learned. Craig Hupper…
When it comes to ESG, ILS manager selection matters: Frontier Advisors
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the insurance-linked securities (ILS) sector has strengthened its governance practices considerably in recent years, when it comes to environmental, social and governance (ESG) considerations, ILS manager selection really matters, as there is variation in how ESG has…
One Acre Fund Re reinsurance fund launched at COP28 with ARC, IFC, DFC backing
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A new reinsurance fund has been launched to support delivery of innovative insurance products to protect smallholder farmers in Africa, with One Acre Fund Re expected to become a source of capacity to back what will likely be…
ILS, parametrics and new tech a real opportunity to close protection gaps: IDF
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. New technologies can serve as a bridge between the re/insurance industry and the world’s most vulnerable, and alongside the use of insurance-linked securities (ILS) and innovative solutions such as parametrics, can help to close the global protection gap,…
Loss and damage fund agreed at first day of COP28
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. In a perhaps surprising turn of events, the opening hours of the COP28 climate talks today have seen a landmark agreement to operationalise and provide initial funding for the much-discussed loss and damage fund, that is designed to…
On model confidence, volatility, frequency and emergent reinsurance protection gaps
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Having spent time in Bermuda and attended the recent PwC Insurance Summit on the island, the equity analyst team at BMO Capital Markets has concluded that the insurance and reinsurance industry is suffering a lack of confidence in…
Tenax Capital joins ILS ESG Transparency Initiative working group
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Tenax Capital, the London based hedge fund investment manager that operates a catastrophe bond strategy, has joined the insurance-linked securities (ILS) industry working-group that focuses on enhancing environmental, social and governance (ESG) transparency in the ILS market. Tenax…
Parameter Climate team buyout SiriusPoint stake, expand offering
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Parameter Climate, the parametric climate risk transfer focused underwriter and advisor, has completed a management buyout of seed investor SiriusPoint, as the latter continues to reduce its equity ownership in program and MGA businesses. Parameter Climate was founded…
Responsible investors still require a minimum return: Convergence 2023
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Although there are investors waiting on the side-lines of the insurance-linked securities (ILS) market with an interest in responsible transactions, there’s still a need for a minimum return which outweighs the importance of liquidity and diversification, according to…