artemis

2015 Atlantic hurricanes, early forecasts suggest average to below season

artemisORIGINAL PUBLICATION HERE

Early forecasts for 2015 Atlantic tropical storm and hurricane season activity suggest an average to slightly below average season, but there is some divergence of opinion this far out from next years tropical storm season.

As ever the first forecast for 2015 Atlantic hurricane season activity comes from Tropical Storm Risk, who say that their extended range forecast suggests another below average season next year.

Investing in Alternatives, Europe – report by Clear Path Analysis

ORIGINAL PUBLICATION  HERE 

Historically, pension funds and insurers have been hesitant to allocate to alternative investments due to their premium fees. However, greater understanding over recent years of their uncorrelated nature with those of the stock and bond markets and their costs and consequential higher returns, means they are now at the forefront of investors’ minds and are an increasingly important asset class in a portfolio.

The Investing in Alternatives, Europe report will bring together European based pension plans, insurers, endowment funds, foundations and private banking and wealth groups to explore the rationale for alternative asset allocation, selecting the most appropriate strategy for your objectives as well as the role of alternatives in DC pension schemes.

Wilmington trust

Wilmington Trust Hires Insurance Trust Veterans Todd Winchel and Robert Quinn

Wilmington trustORIGINAL PRESS RELEASE HERE

NEW YORK, Nov. 13, 2014– Todd Winchel and Robert Quinn joined Wilmington Trust’s Global Capital Market division to lead the Insurance Collateral Solutions business. Winchel will lead product management, and Quinn will manage client development efforts. They will be based in Wilmington Trust’s office in Manhattan.

“Together, Robert and Todd bring a keen awareness of collateral options,” said Jack Beeson, head of Wilmington Trust’s Global Capital Markets division. “Over the past 15 years they have demonstrated their devotion to their clients, and built strong reputations in the industry for both service and attention to detail. Todd and Robert will be instrumental in further strengthening our position in the insurance and reinsurance marketplace.”

artemis

A.M. Best publishes new re/insurance transformer rating criteria

artemisORIGINAL PUBLICATION HERE 

Insurance and reinsurance rating agency A.M. Best has now published the final version of its insurance-linked securities (ILS) market focused criteria report titled “Rating Reinsurance/Insurance Transformer Vehicles.”

A draft version of the report was published at the beginning of August, as we wrote at the time, with a 30 day consultation period available for any market participants who wanted to comment, question or contribute to the thinking behind this criteria.

Phoenix logo on top

Press release

Phoenix logo on topORIGINAL DOCUMENT HERE 

Phoenix CRetro and BROKBUSINESS Consortium Obtains ‘First of its Kind’ CEE Licence for Collateralised Retro Activities in Ukraine

Ukraine, 16th September 2014 – Insurance company «BROKBUSINESS» (Kiev, Ukraine) – a strategic partner of Bermudian niche reinsurer Phoenix CRetro – has been awarded a licence from the National Bank of Ukraine to post collateral abroad as part of its retro reinsurance capacity provision.

This is a significant development for the local insurance industry in the CEE as obtaining such a licence (the first of its kind throughout the CEE) opens up new opportunities in the international ILS markets and reaffirms a modern trend in global CAT reinsurance that has been debated in depth at this year’s Monte Carlo Rendezvous.

intelligent insurer

AXA seeks complementary capacity in emerging markets

intelligent insurerORIGINAL PUBLICATION HERE 

In the face of intense competition for business and softening rates, reinsurers are becoming more client-orientated and better at offering bespoke products – a trend welcomed by AXA’s reinsurance buyer.

Philippe Derieux, deputy CEO of AXA Global P&C and group reinsurance officer said that the insurer is working with its reinsurance partners to buy capacity in some emerging markets as a complement to its existing coverage.

Bermuda Re logo

BBDA: With a renewed focus

Bermuda Re logo

ORIGINAL PUBLICATION HERE 

Ross Webber, the new CEO of the Bermuda Business Development Agency, gives his thoughts on the positive steps the agency is taking to attract business to Bermuda’s shores.

As an agency the Bermuda Business Development Agency (BDA) is instituting a very different model when it comes to marketing our jurisdiction. The approach taken by our predecessor organisations revolved mostly around domicile brand building, awareness and marketing. While this was fine, particularly during boom times, when the world of jurisdictional competitiveness increased and the global recession started to kick in, the model of generic marketing was found to be wanting.

fcbus

Capital Management in Insurance Summit – January 2015

fcbusLINK TO THE EVENT

The Art Of Capital Management Within Your Organisation To Boost Profitability, Minimise Risk Related Loss And Strategically Deploy Capital

Business as we know it is rapidly changing. With new regulatory regimes, a softening insurance pricing, the cyclically low interest rate environment, changing accounting standards and increasing pressure from shareholders, the insurance industry has entered an increasingly complex landscape.