Reinsurance News
insurance-linked securities
Insurance-linked securities (ILS) are a specialist asset class where capital market investors allocate to instruments exposed to insurance and reinsurance risks.
Read our insurance-linked securities news and analysis below.
Alternative capital is here to stay, so leverage it, say industry execs
20th November 2019
Panellists at the 2019 S&P Global Ratings Bermuda Reinsurance Conference, held in early November, agreed that despite a recent pull-back and an expectation of lower returns going forward, alternative reinsurance capital is here to stay. After experiencing record levels of growth, the impacts of 2017 and 2018 catastrophe losses resulted in ... Read the full article
Clear growth ahead as ILS capacity hits near-record levels: Willis Re Securities
4th November 2019
Alternative capital in all different forms is clearly growing again, according to Willis Re Securities, whose latest ILS Market Update shows capacity reaching a near-record high of $27.3 billion. Willis Re Securities, a division of re/insurance broker Willis Towers Watson (WTW), found that non-life insurance-linked securities (ILS) capacity issued and outstanding ... Read the full article
Reinsurers optimistic about market outlook, says Appleby’s Brad Adderley
25th October 2019
Optimism is high in the reinsurance industry this year, according to Brad Adderley, partner at offshore law firm Appleby, and there appears to be some confidence that the market’s outlook will improve further. Speaking in an interview with Reinsurance News at Reinsurance Rendezvous event in Monte Carlo this year, Adderley explained ... Read the full article
Arthur J. Gallagher’s Artex to acquire Horseshoe Insurance Services
3rd October 2019
Arthur J. Gallagher & Co. has announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, has signed an agreement to acquire Horseshoe Insurance Services Holdings Ltd. Horseshoe is a Bermuda-headquartered provider of insurance management fund administration, advisory and corporate services to the insurance-linked securities (ILS) market. The firm, ... Read the full article
AkinovA collaboration makes ILS assets available to ACORD members
17th September 2019
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has announced that it has donated key insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the re/insurance industry. The collaboration will mean that AkinovA’s assets will be available to ACORD members as part of the ACORD ... Read the full article
Convergence capital decreases for first time in 10 years, reports S&P
16th September 2019
The amount of convergence capital being provided to reinsurers globally has fallen for the first time in 10 years, according to S&P Global Ratings, reflecting more than two years of negative returns and trapped collateral from natural catastrophes. Despite these challenges, analysts believe capital will continue to flow into the market, ... Read the full article
Alternative capital poised to resume growth after flat 2018, says Aon
6th September 2019
The insurance-linked securities (ILS) sector is poised to resume growth following a plateau in 2018, according to a new report by Aon, which found that catastrophe bond levels had remained consistent year-over-year despite challenging market conditions. Aon established that $5.4 billion of catastrophe bonds, including life and health, were issued in ... Read the full article
Former TMR CEO Ruoff to join ILS specialist Schroder Secquaero
4th September 2019
Insurance-linked securities (ILS) fund manager Schroder Secquaero, has announced that Stephan Ruoff, former CEO at Tokio Millennium Re (TMR), is set to join the company as Deputy Head in November. Ruoff served as Group CEO of TMR from April 2015 to March 2019, having joined the company as CEO for Continental ... Read the full article
Markel announces new retro ILS platform, closes CATCo funds
26th July 2019
Markel Corporation has announced that it intends to establish a new retrocessional insurance-linked securities (ILS) platform in Bermuda, comprised of a reinsurance company, fund entity and investment manager. At the same time, the company said that it would start to wind down its existing Markel CATCo fund operations, which will be ... Read the full article
Arch secures $700m of mortgage reinsurance from capital markets
25th July 2019
Arch Capital Group’s US mortgage insurance subsidiary, Arch Mortgage Insurance Company, has secured $700 million of indemnity mortgage reinsurance protection. This transaction, which covers a pool representing $49.6 billion of mortgages from special purpose reinsurer Bellemeade Re 2019-3 Ltd., is Arch’s third of 2019 and the largest of its kind by ... Read the full article
Singapore is “fast maturing as a viable ILS domicile,” says Monetary Authority exec
17th July 2019
With a first set of deals now under its belt, Singapore is “fast maturing” as a viable domicile for insurance-linked securities (ILS) transactions, according to Gillian Tan, Executive Director at the Monetary Authority of Singapore (MAS). Speaking at the ILS Asia 2019 conference in Singapore last week, which was hosted by ... Read the full article
Arch Re recruits Portfolio Manager from TMR
10th July 2019
Bermuda-based re/insurance firm Arch Capital Group has announced the appointment of Ed Jordan as Portfolio Manager at it reinsurance subsidiary, Arch Re. Jordan has spent the previously 17 years at Tokio Millenium Re AG (TMR) in Bermuda, most recently as head of its Capital Solutions unit. In this role, he was responsible ... Read the full article
DFID & Global Parametrics to support Red Cross volcano cat bond
5th July 2019
The UK Government’s Department for International Development (DFID) and Global Parametrics have agreed in principal to support the world’s first pure-volcano catastrophe bond, launched by the Danish Red Cross. Global Parametrics, a parametric and index-based risk transfer startup backed by the UK and German governments, advised the DFID’s Natural Disaster Fund ... Read the full article
Essent obtains further $334mn of mortgage reinsurance from capital markets
24th June 2019
Bermuda domiciled mortgage insurer Essent Group Ltd. has announced that its subsidiary, Essent Guaranty, Inc., has secured a further $333.8 million of fully collateralised excess of loss reinsurance coverage from the capital markets. The coverage was obtained through Radnor Re 2019-2 Ltd, a newly formed Bermuda special purpose insurer, and relates ... Read the full article
Peru earthquake triggers partial $60mn cat bond pay-out, sources confirm
21st June 2019
It has been confirmed that Peru will receive a $60 million partial pay-out from its earthquake catastrophe bond, which was triggered by a magnitude 8.0 earthquake that hit the country on 26th May. Sources at our sister publication, Artemis, have verified that the $200 million IBRD CAR 120 Peru quake ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
