ORIGINAL PUBLICATION HERE Despite experiencing a significant accumulation of losses over the past 18 months the third-party capital segment nonetheless remains influential in the reinsurance segment and, in particular, the property-cat space, according to A.M. Best. A.M. Best says third-party investors seem to have become increasingly sceptical following the 2018 cat season, as they have […]

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 The Jamaican government continues to discuss disaster risk financing instruments including catastrophe bonds with bilateral and multi-lateral partners and is developing a Public Financial Management Policy for Natural Disaster Risk. Jamaica has benefitted from a borrowing agreement with the IMF, but that expires later this year leaving a gap in the financial […]

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 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 Privately placed catastrophe bond transactions, also known as cat bond lites, have grown both in terms of size and utilisation since their introduction to the market back in 2011, with almost $2 billion of new risk capital issued over the last two years being privately placed. This is according to data from […]

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 […]