Yana Keller

United States

Editor at Beinsure

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Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover

2 weeks ago | beinsure.com | Yana Keller

Pool Re, the UK terrorism reinsurance provider, completed its third catastrophe bond placement—Baltic PCC Limited (Series 2025-1). The bond offers £100 mn in collateralised retrocession protection and replaces the maturing Baltic PCC Limited (Series 2022-1). The 2025-1 Notes are priced at 5.90%. Compared to prior issuances, this transaction saw a larger and more diverse group of institutional investors.
EC approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine

2 weeks ago | beinsure.com | Yana Keller

The European Commission approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine. Poland backs the scheme, which supports insurance for freight transport across Ukrainian territory. The initiative aims to sustain trade routes between Ukraine and the European Union, particularly through Poland, which shares the EU’s longest land border with Ukraine.
CC Capital completed a $250mn investment in Canadian Westaim

2 weeks ago | beinsure.com | Yana Keller

CC Capital has completed a $250mn investment in Westaim Corp., a Canadian company that will operate as an insurance and asset management platform. The deal also includes Arena Investors LP, a global institutional asset manager, and Ceres Life Insurance Co., a cloud-native annuity business.
FMA files civil case against IAG New Zealand over $19.3 mn

2 weeks ago | beinsure.com | Yana Keller

The Financial Markets Authority (FMA) has filed civil proceedings against IAG New Zealand in the High Court in Auckland for breaching fair dealing provisions under the Financial Markets Conduct Act (FMCA). The case includes eight causes of action covering 11 breaches related to false or misleading representations.
Swiss Re joins GAM to co-manage $3bn Cat Bond and ILS Funds

2 weeks ago | beinsure.com | Yana Keller

Swiss Re will begin co-managing GAM Investments’ $3bn insurance-linked securities ILS funds, including the GAM Star Cat Bond UCITS Fund, starting May 7. The appointment was made through Swiss Re Insurance-Linked Investment Advisors Corp. (SRILIAC), a Swiss Re subsidiary. Swiss Re currently manages $5bn in ILS assets across funds, sidecars, and custom structures. From May 7, it will also oversee GAM’s ILS funds, which have $3bn in assets under management.
Willis expanded CyXS Plus and CyXS Co cyber facility

2 weeks ago | beinsure.com | Yana Keller

Willis expanded its CyXS cyber facility, now offering $115mn of capacity through Lloyd’s syndicates and up to $40mn from insurers outside Lloyd’s. The WTW business added two products under the facility: CyXS Plus and CyXS Co. These are also available in euros or pounds. Peter Foster, global cyber chairman at Willis, said CyXS remains in demand globally, focused on meeting client needs.
Rokstone and Allianz sign 5Y capacity deal to expand specialty insurance lines

2 weeks ago | beinsure.com | Yana Keller

Rokstone, the international (re)insurance division of Aventum Group, has signed a five-year capacity agreement with Allianz Global Corporate and Specialty, a unit of Allianz SE. This new deal extends earlier collaborations across commercial insurance lines, including marine, aviation, property, and alternative risk transfer.
Contractual Service Margin, part of IFRS 17, gives users information on insurers’ profits

3 weeks ago | beinsure.com | Yana Keller

The Contractual Service Margin (CSM), part of IFRS 17, gives users clearer information on insurers’ expected profits. Fitch Ratings states that this change makes insurance accounting more useful. IFRS 17, effective from 1 January 2023, improves on IFRS 4 by showing unearned profits through the CSM, offering a clearer view of profitability. The CSM sits within an insurer’s liabilities. It reflects future profits not yet earned over the contract period.
Federal budget cuts may increase Medicaid margin pressure for U.S. health insurers

3 weeks ago | beinsure.com | Yana Keller

The recent budget resolution passed by House Republicans may increase margin pressure for U.S. health insurers operating in Medicaid. Final outcomes will depend on the level and scope of spending cuts. Lower enrollment and revenue risk may follow, according to Fitch Ratings. The bill includes $2 tn in spending cuts over 10 years.
Higher bond yields from defence spending support European insurers

3 weeks ago | beinsure.com | Yana Keller

Higher government bond yields driven by increased defence spending benefit most European insurers, according to Fitch Ratings. Higher yields improve investment returns on premiums, while a steeper yield curve may raise customer demand for some life insurance products, lifting new business volumes. Life insurers selling annuities or long-term savings with investment guarantees gain the most.

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Yana Keller

Articles

Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover

EC approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine

CC Capital completed a $250mn investment in Canadian Westaim

FMA files civil case against IAG New Zealand over $19.3 mn

Swiss Re joins GAM to co-manage $3bn Cat Bond and ILS Funds

Willis expanded CyXS Plus and CyXS Co cyber facility

Rokstone and Allianz sign 5Y capacity deal to expand specialty insurance lines

Contractual Service Margin, part of IFRS 17, gives users information on insurers’ profits

Federal budget cuts may increase Medicaid margin pressure for U.S. health insurers

Higher bond yields from defence spending support European insurers

Contact details

Emails

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