ORIGINAL PUBLICATION HERE In 2018 when global investors suffered as markets fell and equities in many cases failed to perform, investments in some asset classes that had been promoted as diversifying failed to deliver on their promise, Natixis Investment Managers said. The decline in global equity markets contributed roughly two-thirds of the losses investors saw […]

ORIGINAL PUBLICATION HERE Around the January reinsurance renewals this year there was a lot of talk regarding brokers and ceding companies pushing insurance-linked securities (ILS) funds to agree to more stringent terms related to collateral release and rollover. But it seems, while this was relatively widely seen, especially in the reinsurance sidecar market, some ILS […]

ORIGINAL PUBLICATION HERE The London Stock Exchange is now ready to list insurance-linked securities (ILS) on its International Securities Market after putting in place the rules necessary to allow for listing of catastrophe bonds and other ILS securities. With the UK now having its ILS regulatory framework in place and a number of transactions now […]

ORIGINAL PUBLICATION HERE Insurance Australia Group (IAG) has sponsored its first catastrophe bond and the transaction is also the first cat bond to be issued in Singapore, using the countries’ Special Purpose Reinsurance Vehicle (SPRV) regulations. The AUD $75 million Orchard ILS Pte Ltd transaction has broken new ground by becoming the first cat bond to […]

ORIGINAL PUBLICATION HERE Collateralized reinsurance structures and markets worked exactly as designed and advertised, which gives United Insurance Holdings (UPC Insurance) the confidence to execute on its strategy, according to CEO John Forney. United (UPC) is a major user of collateralized reinsurance capacity, from insurance-linked securities (ILS) funds as well as from catastrophe bond investors. […]

ORIGINAL PUBLICATION HERE Pool Re, the UK government-backed mutual terrorism reinsurance facility, has now successfully completed the issuance of its first terrorism risk catastrophe bond, the £75 million ($97m) Baltic PCC Limited (Series 2019) with the placement said to have been oversubscribed thanks to ILS investor support. The insurance-linked securities (ILS) market has seen terrorism risk before, […]

ORIGINAL PUBLICATION HERE Catastrophe bonds are likely to remain a very attractive option for alternative investing and also as a risk transfer tool, perhaps becoming more so in the wake of the last two years of losses and the resulting market shake-out. Catastrophe bonds have not gone away, despite becoming the smaller component of the […]

ORIGINAL PUBLICATION HERE The use of insurance-linked securities (ILS) structures and access to third-party capital are essential requirements now for a reinsurance company to remain competitive in the evolving and challenging marketplace, according to analysts. Mergers and acquisitions (M&A) in reinsurance has clearly evidenced the appetite of major insurance and reinsurance players to embed the […]