ORIGINAL PUBLICATION HERE The insurance-linked securities (ILS) market will never completely oust traditional reinsurance business models, according to Denis Kessler, the Chairman and CEO of French reinsurer SCOR, but he does believe ILS has cemented its role as a complementary source of risk capital. Speaking at a Standard & Poor’s conference in London towards the […]

ORIGINAL PUBLICATION HERE Sea level rise over the 21st century will not be as severe as many climate models have predicted and should not present a major issue for re/insurers provided it is managed appropriately, according to Dr. Judith Curry, President of Climate Forecast Applications Network and Professor Emeritus, Georgia Institute of Technology. Curry acknowledged that […]

ORIGINAL PUBLICATION HERE Longer-term investors in insurance-linked securities (ILS) and reinsurance linked assets are expected to remain committed to the sector despite the impact of losses over the last two years, with a resumption of ILS market growth anticipated once recent losses have been digested. Reporting in its latest Reinsurance Market Outlook, Aon highlights the […]

ORIGINAL PUBLICATION HERE Alternative reinsurance and retrocession capacity from the insurance-linked securities (ILS) and related collateralized markets is estimated to have remained flat at $91 billion at the end of 2018, while traditional reinsurance capacity rose slightly. Broker JLT Re made an early estimate that overall dedicated reinsurance sector capital grew by 0.6% to $348 […]

ORIGINAL PUBLICATION HERE One of the dynamics that has played out at this January reinsurance renewals is a shift by some of the leading ILS funds to place an increasing emphasis on their preferred or best performing cedants. After the significant losses of the last two years there is increasingly an awareness that just backing […]

ORIGINAL PUBLICATION HERE The Lane Financial LLC synthetic insurance-linked securities (ILS) rate-on-line index rose 15% during the final quarter of the year as ILS rates look to have entered hard market territory, while its analysis indicates ILS rates could rise up to 20%. Based on ILS and catastrophe bond market pricing as of mid-December, the […]

ОРИГИНАЛЬНАЯ ПУБЛИКАЦИЯ ЗДЕСЬ Москва. 28 декабря. INTERFAX.RU – Метеорологи предполагают, что 2019 год может стать для планеты самым теплым за всю историю инструментальных наблюдений, заявил научный руководитель Гидрометцентра России Роман Вильфанд. “По климатическим моделям, другим статистическим исследованиям следующий год может быть самым – в целом по глобусу – самым теплым за всю историю метеонаблюдений”, – […]

ORIGINAL PUBLICATION HERE The insurance-linked securities (ILS) market and alternative capital use in reinsurance is dominated by property catastrophe excess-of-loss contracts, a study by the Bermuda Monetary Authority (BMA) found. Around 40% of the Bermuda based ILS market’s aggregate exposure comes from the United States and U.S. cedents led the way with 65% of gross […]

ORIGINAL PUBLICATION HERE There is a mix of optimism and panic as the key January 1st reinsurance renewal rapidly approaches, after losses, market improvement programs at Lloyd’s and a chaotic retrocession market, all continue to make conditions challenging for some. But the longer-term outlook is for improving reinsurance returns generally, which will encourage ILS investors […]

ORIGINAL PUBLICATION HERE For all the talk of a capacity crunch in retrocessional reinsurance markets, resulting in a renewal that is seen to be in disarray and set to be very late, we’re told that some major UNL retrocession programs have hit the market offering relatively flat pricing and terms in recent days. At the […]