ORIGINAL PUBLICATION HERE Insurance-linked securities (ILS) are set to play a meaningful role within global risk markets, as insurance and reinsurance risk and exposure expand, according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re. Speaking to Artemis and our sister publication Reinsurance News in an interview, Ojeisekhoba said that while leveraging ILS markets directly at Swiss […]

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 Specialty insurer and reinsurer Brit has plans to increase its managed capacity and has ambitious growth plans for its range of insurance-linked securities (ILS) vehicles, according to Jon Sullivan, the firm’s Deputy Global Chief Underwriting Officer (CUO). In recent times and despite a more difficult environment, global specialty re/insurer Brit has continued […]

ORIGINAL PUBLICATION HERE Bermudian insurance and reinsurance firm Arch Capital is said to be targeting the launch of a fronting for ILS business, to replace the perceived gap left behind by the exit of Tokio Millennium Re from this space, we’re told. The acquisition of Tokio Millennium Re by Bermudian reinsurer RenaissanceRe has left a gap in […]

ORIGINAL PUBLICATION HERE Cyber risks are a logical place for the use of insurance-linked securities (ILS) capital as there is a real need for capacity, according to Brian Duperreault, the CEO of insurance giant AIG. Duperreault was interviewed on stage at the annual SIFMA IRLS conference in Miami, Florida yesterday. He discussed the evolution of […]

ORIGINAL PUBLICATION HERE Despite a multitude of other catastrophes in 2018, the single biggest loss event for reinsurers was so-called loss creep from 2017’s Hurricane Irma. Dirk Lohmann of Schroders examines what went wrong and what the industry must learn. If there were two words to describe an investor’s perception of one of the key […]

ORIGINAL PUBLICATION HERE The government of Hong Kong included insurance-linked securities (ILS) in its budget this week, demonstrating the level of importance being placed on developing appropriate legislation in the Special Administrative Region of China. Hong Kong began planning for the development of legislation to allow for the establishment of reinsurance related special purpose vehicles for […]

ORIGINAL PUBLICATION HERE Singapore’s first insurance-linked securities transaction (ILS) has been finalised, according to law firm Rajah & Tann Singapore which acted as Singapore counsel to the transaction. The ILS comprises a catastrophe bond sponsored by Insurance Australia Group. The bond is the first Australian dollar-denominated catastrophe bond in the global market and a A$75m […]

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 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, […]