CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has signed a Memorandum of Understanding (MOU) with the Caribbean Regional Fisheries Mechanism (CRFM) to finalise […]
The mortgage insurance-linked securities (ILS) or insurance-linked note market is primed for expansion, as more of the U.S. private mortgage insurers look to leverage the […]
Insurance and reinsurance companies are on the “front line of managing the physical risks from climate change” and are now aware that “yesterday’s tail risk […]
Now in its sixth year, this networking event for the alternative reinsurance, convergence and insurance-linked securities marketplace is supported by the most respected organisations in the ILS sector. A two-day event that attracts investors and industry participants to Bermuda, the leading jurisdiction for ILS.
Convergence 2018 is recognised as the leading industry event for the ILS sector, hosted in Hamilton, Bermuda – the leading jurisdiction for the ILS market. Register to attend today.
Do you have a view on the ILS market, a business idea, recent research or an informed viewpoint you’d like to share as a Bermuda Shorts speaker? Submit your topic here
An unparalleled opportunity for exposure across global insurance, reinsurance, investment companies, regulators and professional service partners. Request further information here.
Elementum Advisors, LLC, an insurance and reinsurance linked asset manager with over $4 billion of assets under management, is selling a 30% stake to insurance and financial services group White Mount [...]
The Danish Red Cross and International Federation of Red Cross and Crescent Societies are making progress with their first ever catastrophe bond transaction, revealing a tiered trigger structure desig [...]
The U.S. Federal Emergency Management Agency’s (FEMA) has expanded its flood reinsurance program for the National Flood Insurance Program (NFIP) to $2.12 billion in size, thanks to the successful comp [...]
French reinsurance giant SCOR has expanded its underwriting of catastrophe reinsurance treaties in Japan and elsewhere during the April renewals, growing premiums underwritten at SCOR Global P&C b [...]
Industry losses have continued to rise from the December hail storm that struck the Sydney and surrounding area of Australia, with the latest tally of an insurance and reinsurance bill for the event r [...]
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has signed a Memorandum of Understanding (MOU) with the Caribbean Regional Fisheries Mechanism (CRFM) to finalise […]READ MORE
The mortgage insurance-linked securities (ILS) or insurance-linked note market is primed for expansion, as more of the U.S. private mortgage insurers look to leverage the […]READ MORE
Insurance and reinsurance companies are on the “front line of managing the physical risks from climate change” and are now aware that “yesterday’s tail risk […]READ MORE
The Bermuda reinsurance market is about to take more flood risk off the shoulders of US taxpayers. The US Federal Emergency Management Agency is looking […]READ MORE
The intervention will focus on why investing in the World Bank Cat Bonds should be seen as not only an investment opportunity, but also a Responsible Investment (RI). The basic argument is that World Bank initiatives (and its mission) carry a strong intrinsic social and sustainable significance. Our cat bonds and swaps allow our client countries to protect the people and communities’ basic social-economic infrastructure from natural events, and this is particularly relevant in the emerging markets, given the disproportional effect of catastrophes to their economies.
Additionally, The World Bank, with its global access and multi-themed focus, is helping to stimulate the discussion on sustainability and resilience, making it possible for investors to support innovations and projects that integrate environmental, social and governance elements so dear to the RI community.
We analyse methods and techniques being developed in the collateralised reinsurance marketplace to produce Fair Values of P&C liabilities, and compare these based on how well they fit observed market prices. We explore the differences between arbitrage-free and market-consistent methods and identify the advantages and disadvantages of the different methods.
Expanding the ILS pie can result from growth of mature risks and from adding or expanding the investible risks. While there is a lot more to it, getting the structures right can make or break any expansion. This talk will look at some of the related dangers and the opportunities.
An investigation of the benefits of passively constructing a cat bond portfolio to replicate the performance of the market, with low tracking error and minimal costs.
Unlike traditional ILS risks such as natural catastrophe, cyber risk involves an active adversary and an evolving threat landscape with nonobvious risk accumulations.
To understand the individual risks in a portfolio, models must account for the behavioral elements of intentional and accidental threat actors, measuring the relative strength of companies’ cyber defenses against the strength of the opposition they face.
To understand portfolio tail risk and evaluate ILS terms and triggers, a model must also provide a clear picture of the paths of aggregation linking the underlying risks, the potential economic impact of disaster scenarios, and the likelihood of those events occurring.
Bermuda's Premier, regulator and leaders of Bermuda's global business sector highlighted the breadth, advantages and significant economic impact of the island's financial market during an awareness-raising cross-industry forum held in London late last year by the Bermuda Business Development Agency (BDA).
The day-long BDA Executive Forum on November 28 attracted close to 250 delegates encompassing a wide range of industries, and due to its success, BDA is planning similar events in New York and London this year. Featuring top regulatory and industry representatives in discussion panels, the forum's agenda covered hot-button topics, while emphasising the many elements that differentiate Bermuda-from the island's world-respected regulator and access to capital, to its deep pool of industry expertise.