SCOR may front for ILS funds: Conoscente

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FULL ORIGINAL PUBLICATION HERE Speaking to Artemis from the SCOR lounge in Monte Carlo, Jean-Paul Conoscente, chief executive of SCOR Global P&C, outlined the company’s ambitious plans to place ILS at the heart of the business. He said the reinsurers remained “nimble”, giving the reinsurer the ability to innovate. SCOR’s latest strategic plan – Quantum Leap […]

ORIGINAL ARTICLE IN PDF HERE. MONTE-CARLO TODAY DAY 4 MAGAZINE HERE (EMAG) There is a potentially big opportunity for the insurance-linked securities (ILS) markets to develop parametric cat bonds that could cover some of the growing risks in Eastern Europe and Western areas of Asia, according to Kirill Savrassov, chief executive of PhoenixCRetro. Savrassov told […]

FULL ORIGINAL PUBLICATION HERE The U.S. state of California is getting increasingly serious about the use of insurance or risk transfer to provide financing against climate risks and financing to support climate adaptation and resilience building. The state is already in the process of putting into place legislation that would allow it to purchase insurance, […]

Risk managers & C-Suite lack understanding of parametric risk transfer

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FULL ORIGINAL PUBLICATION HERE The insurance and reinsurance industry has much more to do to promote parametric risk transfer and other alternative risk strategies, as both risk managers and the C-Suite of major corporations lack a clear understanding of its benefits. The increasing availability and abundance of data and advanced analytics tools, combined with alternative […]

Gradual pick-up of ILS transactions expected in Asia: Fitch

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FULL ORIGINAL PUBLICATION HERE Insurance-linked securities (ILS) and catastrophe bond activity is expected to gradually accelerate in the Asia region, providing investor interest in the ILS asset class remains strong, according to Fitch Ratings. While insurance-linked securities (ILS) and collateralized forms of reinsurance in general are familiar concepts in North America and Europe, there has […]

ILS has “superior historical performance” over the long-term: Researchers

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FULL ORIGINAL PUBLICATION HERE Recent analysis on the return drivers of insurance-linked securities (ILS) shows that over a 15-year period, ILS funds have recorded a superior historical performance when compared with other asset classes. In a recent article, Alexander Braun and Martin Eling of the Institute of Insurance Economics, University of St. Gallen in Switzerland […]

Asian Development Bank launches contingent disaster risk financing solution

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FULL ORIGINAL PUBLICATION HERE The Asian Development Bank (ADB) has launched a new contingent natural disaster risk financing solution which it has named contingent disaster financing (CDF), as it seeks to deliver rapid paying risk capacity for its members after they experience significant natural catastrophe events. Contingent disaster financing (CDF) is a mechanism by which […]

Re/insurers to partner with governments & capital markets on cyber risk: S&P

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FULL ORIGINAL PUBLICATION HERE Given the enormous economic loss potential associated with cyber risks, rating agency Standard & Poor’s feels it inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity. In a new report on the reinsurance market’s approach to cyber […]

Argo’s use of third-party capital continues to rise

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FULL ORIGINAL PUBLICATION HERE Bermuda headquartered international specialty insurance and reinsurance firm Argo Group has continued to expand its use of third-party capital during the second-quarter of 2019. Argo has been steadily ramping up its use of third-party capital ever since it acquired Ariel Re, resulting in a situation where the company now experiences significant […]

Alternative capital can “bypass” the traditional value chain: Aon

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FULL ORIGINAL PUBLICATION HERE For some year’s now we’ve been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain. So, it’s encouraging to hear that insurance and reinsurance […]