Industry loss warranty

Nayms Launches the First Institutional Tokenized (Re)insurance Marketplace on Base, Announcing Next Investment Opportunity

Retrieved on: 
Thursday, January 11, 2024
USD Coin, P&C, Cyber, Insurance, Safety, Risk, ILW, Heel, Investment, Industry loss warranty, USDC, EVM, Growth, Cryptocurrency

With this launch, investors can more easily access yield-generating (re)insurance opportunities that are available within Nayms' marketplace in the form of a tokenized asset class.

Key Points: 
  • With this launch, investors can more easily access yield-generating (re)insurance opportunities that are available within Nayms' marketplace in the form of a tokenized asset class.
  • Nayms Launches First Institutional Tokenized (Re)insurance Marketplace on Base, Announcing Next Investment Opportunity
    Embarking on the heels of a successful launch of its first investment opportunities, Nayms remains committed to deploying emerging technologies to reshape the insurance industry.
  • As the insurance industry evolves, tokenization offers a unique opportunity for institutional investors to diversify their investment portfolios and capitalize on the growth of traditional private market asset classes.
  • For more information on Nayms and investment opportunities, contact [email protected] , or visit the website directly.

Nayms Launches the First Institutional Tokenized (Re)insurance Marketplace on Base, Announcing Next Investment Opportunity

Retrieved on: 
Thursday, January 11, 2024
USD Coin, P&C, Cyber, Insurance, Safety, Risk, ILW, Heel, Investment, Industry loss warranty, USDC, EVM, Growth, Cryptocurrency

With this launch, investors can more easily access yield-generating (re)insurance opportunities that are available within Nayms' marketplace in the form of a tokenized asset class.

Key Points: 
  • With this launch, investors can more easily access yield-generating (re)insurance opportunities that are available within Nayms' marketplace in the form of a tokenized asset class.
  • Embarking on the heels of a successful launch of its first investment opportunities, Nayms remains committed to deploying emerging technologies to reshape the insurance industry.
  • As the insurance industry evolves, tokenization offers a unique opportunity for institutional investors to diversify their investment portfolios and capitalize on the growth of traditional private market asset classes.
  • For more information on Nayms and investment opportunities, contact [email protected] , or visit the website directly.

AM Best to Participate in Series of Sessions at Casualty Actuarial Society’s Annual Meeting

Retrieved on: 
Thursday, October 26, 2023
Insurance, Professional Services, CAS, Westin Bonaventure Hotel, AM Best, Complex, ChatGPT, News, AM, Council for Scientific and Industrial Research – Ghana, PST, Risk management, COVID-19, Casualty, ALL, Associate, Industry loss warranty

AM Best will participate in a variety of sessions at the Casualty Actuarial Society’s (CAS) Annual Meeting, which will take place Nov. 5-8, 2023, in Los Angeles.

Key Points: 
  • AM Best will participate in a variety of sessions at the Casualty Actuarial Society’s (CAS) Annual Meeting, which will take place Nov. 5-8, 2023, in Los Angeles.
  • Tom Mount, senior director, AM Best, will discuss the year-end 2022 reserve positions of the U.S. property/casualty segment.
  • Sridhar Manyem, senior director, Industry Research and Public Relations, AM Best, will speak at two sessions.
  • This year’s annual meeting will take place at The Westin Bonaventure Hotel & Suites in Los Angeles.

Vesttoo Appoints Reinsurance Executive to Lead Innovative Approach to Insurance Structures in the Catastrophe Insurance Market

Retrieved on: 
Wednesday, September 22, 2021
Insurance, Risk management, ILP, P&C, Capital market, CAT, TEL, Industry loss warranty, ILS, CEO, Weather, Program, Life, Risk, Founder, ILW, Investment, Industry, Financial services

He joins Vesttoo from Stonybrook Capital where he was Vice President and Head of the Industry Loss Warranty (ILW) Desk.

Key Points: 
  • He joins Vesttoo from Stonybrook Capital where he was Vice President and Head of the Industry Loss Warranty (ILW) Desk.
  • Dan is yet another market veteran to join Vesttoo and brings strong experience in theinsurance-linked securities (ILS) and reinsurancesectors.
  • Daniel Butzbaugh, Vice President, CAT Markets, Vesttoo, said: "I am excited to join Vesttoo to help strengthen its growing reputation for excellence and innovation in alternative reinsurance.
  • I look forward to helping Vesttoo develop innovative approaches to insurance investments to help bridge the immense funding gap in the market."

DGAP-News: Hannover Re continues profitable premium growth and confirms guidance for 2021

Retrieved on: 
Thursday, August 5, 2021
Growth, Industry, Hannover Re, Life, EBIT, Mortality, Insurance, Incurred but not reported, Time, Industry loss warranty, S&P Global Ratings, COVID-19, Euro, Climate change, Longevity, Climate, Riot, Risk management, Vaccination, Weather, Film, Reinsurance

Hannover, 5 August 2021: Hannover Re substantially increased its Group net income in the first half of 2021 and considers itself well on track to achieve the targets set for the current financial year.

Key Points: 
  • Hannover, 5 August 2021: Hannover Re substantially increased its Group net income in the first half of 2021 and considers itself well on track to achieve the targets set for the current financial year.
  • In property and casualty reinsurance Hannover Re was again able to significantly boost its premium income.
  • The gross written premium in property and casualty reinsurance showed corresponding vigorous growth of 11.9% to reach EUR 10.3 billion (EUR 9.2 billion).
  • Hannover Re, with gross premium of more than EUR 24 billion, is the third-largest reinsurer in the world.

Stonybrook Capital & Risk Management is Pleased to Announce the Initial Success of its ILW Desk

Retrieved on: 
Thursday, March 11, 2021
Reinsurance, Industry loss warranty

NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) -- Stonybrook Capital is pleased to announce the initial success of its ILW desk, which was established in the summer of 2020.

Key Points: 
  • NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) -- Stonybrook Capital is pleased to announce the initial success of its ILW desk, which was established in the summer of 2020.
  • Our goal was to bring technology that delivers transparency, improved market intelligence, and a less intrusive price-discovery process for underwriters and buyers, and we are thrilled by the support of the ILW marketplace, said Dan Butzbaugh, Stonybrook Risk Management.
  • We can leverage that expertise in the ILW arena as well, said Paul Kneuer, Stonybrook Capital.
  • Stonybrook Capital & Risk Management is a global investment banking and reinsurance broking firm, with headquarters in New York City.

AXIS Capital Provides Preliminary Estimate of Pre-Tax Catastrophe Losses Impacting Third Quarter 2019 Financial Results

Retrieved on: 
Thursday, October 10, 2019
Professional services, Insurance, Finance, Economy, Insurance, Service industries, Actuarial science, Insurance industry, Types of insurance, Reinsurance, Legal professions, Catastrophe modeling, Claims adjuster, AIR Worldwide, Industry loss warranty

The estimate includes full limit losses from aggregate excess of loss reinsurance treaties that were also impacted by other 2019 catastrophe and weather-related events.

Key Points: 
  • The estimate includes full limit losses from aggregate excess of loss reinsurance treaties that were also impacted by other 2019 catastrophe and weather-related events.
  • The Company's loss estimate is consistent with industry insured losses of approximately $6 billion for Hurricane Dorian and $8 billion for third quarter Japanese typhoons.
  • The Companys loss estimate is based on its ground-up assessment of losses from individual contracts and treaties exposed to the affected regions, including preliminary information from clients, brokers and loss adjusters.
  • Industry insured loss estimates, market share analyses and catastrophe modeling analyses were also taken into account where appropriate.

Coming off the most expensive two-year period ever recorded, market conditions will continue to evolve as underwriters assess their individual profitability

Retrieved on: 
Wednesday, August 28, 2019
Insurance, Reinsurance, Finance, Economy, Types of insurance, Industry loss warranty, Catastrophe bond, Aon, Alternative risk transfer

The overall market remains resilient, but industry players need to adjust to a rapidly hardening market.

Key Points: 
  • The overall market remains resilient, but industry players need to adjust to a rapidly hardening market.
  • The Canadian insurance market in particular continues to attract capital because of its relative profitability and stable political environment, said Russell Quilley, Chief Broking Officer, Aon in Canada.
  • The reinsurance market is well capitalized, despite a 3% decline in total reinsurance capital from 2017 to 2018.
  • The loss events of 2017/18 had the biggest impact on the alternative capital market, which includes catastrophe bonds and industry loss warranties.