Cat bonds: Structurally diversifying & primed for growth, says Neuberger Berman


FULL ORIGINAL PUBLICATION HERE. COPY OF THE FULL WHITE PAPER HERE. Catastrophe bonds and insurance-linked securities are one of the “very few genuinely, structurally diversifying asset classes,” according to the Neuberger Berman Insurance-Linked Strategies team, who give the asset class a positive outlook for 2021. Writing in a white paper, the Insurance-Linked Strategies team of […]

ORIGINAL PUBLICATION HERE The insurance-linked securities (ILS) and collateralized reinsurance market, where alternative capital from institutional investors is utilised to back reinsurance risks, has reached a significant size. But further growth is possible, especially if the market comes together to target new areas of risk, according to Property Claim Services (PCS). In a newly published manifesto PCS […]

ПЕРЕВОД ОРИГИНАЛЬНОЙ СТАТЬИ Страховые ценные бумаги (ILS) – класс активов, связанных с катастрофическими событиями. Они обеспечивают элемент диверсификации для инвестиционных портфелей. Проще: обвал рынка инвестиций никак не связан с природной катастрофой. Ключевые моменты Страховые ценные бумаги могут быть привлекательной инвестицией, поскольку не связаны с другими классами активов; Недавние ураганы в США увеличили мировой фокус на […]

ORIGINAL PUBLICATION (IN RUSSIAN) HERE Российская экономика с ее ветхой инфраструктурой подвержена существенным рискам, при этом в отличие от развитых стран в РФ они практически никак не застрахованы. В результате в случае форс-мажорных обстоятельств люди и бизнес несут безвозвратные потери. К такому выводу приходят аналитики рейтингового агентства “Эксперт РА” в исследовании “Будущее страхового рынка: российская […]

ORIGINAL PUBLICATION HERE At the ILS Bermuda Convergence 2017 event held this week, industry leaders explained the vital role that insurance-linked securities (ILS) and collateralized sources of reinsurance play in global risk transfer markets, seeing it as a partner to the traditional forms of protection. Held each year in Bermuda, the Convergence event brings together […]

ORIGINAL PUBLICATION HERE The growth of alternative capital in reinsurance, catastrophe bonds and insurance-linked securities (ILS) as a whole seems assured, but how fast it will grow remains uncertain and many factors could stimulate more rapid, or slower growth, but EY estimates it could make up 28% of reinsurance capital by 2021, or around $224 […]

Expectation of higher reinsurance rates is rising, especially retro


ORIGINAL PUBLICATION HERE The expectation that reinsurance & ILS rates will increase at the forthcoming January renewals is rising, as execs in the sector digest losses they face and the impact of trapped ILS collateral. The highest rate rises are anticipated in retrocession markets, as a significant chunk of retro capacity is assumed to be […]

ILS & reinsurance equilibrium means innovation required: Frank Majors, Nephila Capital


ORIGINAL PUBLICATION HERE To some extent, an equilibrium has been reached between alternative and traditional reinsurance capital, and further innovation is required if the insurance-linked securities (ILS) space is to continue growing, according to Frank Majors, co-founder and principal of the world’s largest ILS fund manager, Nephila Capital. The alternative, or non-traditional reinsurance sector continues […]

ORIGINAL PUBLICATION HERE London-listed R&Q has unveiled a restructuring of its management team and raised £49.3mn this morning in a significant equity placing that will support its new focus on providing fronting services as well as its traditional legacy acquisitions. R&Q – whose market capitalisation was circa £130mn before the announcement – will have around […]

ORIGINAL PUBLICATION HERE Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria. The three major hurricanes in the third quarter are expected to result […]