Hamilton looks to Singapore for first full cat bond with Easton Re Pte. Ltd.

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FULL ORIGINAL PUBLICATION HERE Hamilton, the Bermuda based insurance and reinsurance holding company, is entering the catastrophe bond market for its first full, syndicated Rule 144a transaction and Singapore is to be the domicile of choice, after the company registered Easton Re Pte. Ltd.  as an issuer. Our sources told us that Hamilton would likely return […]

Collateralized reinsurance to contract further, liquid ILS strategies to prosper: Aon

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FULL ORIGINAL PUBLICATION HERE The collateralized reinsurance market segment of insurance-linked securities (ILS) is expected to contract further, according to broker Aon, although it will likely remain the largest segment of ILS for the foreseeable future it seems. In Aon Securities’ latest annual ILS market report, the capital markets unit of the global insurance and […]

Rated paper & ILS may be favoured over collateralized UNL retro at renewals: Aon

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FULL ORIGINAL PUBLICATION HERE Retrocessional reinsurance coverage written by rated carriers, as well as other insurance-linked securities (ILS) products such as industry-loss based instruments, may find themselves in favour over collateralized ultimate net loss retro at the upcoming renewals, Aon executives said recently. Speaking during a media briefing held in place of the Monte Carlo […]

ILW demand rising, prices could soar for Japanese wind triggers

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FULL ORIGINAL PUBLICATION HERE Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised. At the same time, we’re told demand for ILW capacity covering […]

FULL ORIGINAL PUBLICATION HERE The Oxbridge Re NS Ltd. fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd. has avoided losses from all of the recent global catastrophe loss events. The Oxbridge Re NS quota share reinsurance sidecar has managed to avoid any impact from events including the Japanese […]

First PCS triggered Japan ILW brokered by Willis Re

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FULL ORIGINAL PUBLICATION HERE Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW). We’ve learned that reinsurance broker Willis Re has become the first to structure and trade an industry loss triggered retrocessional risk transfer instrument […]

Capital market cessions rise among leading reinsurers tracked by Aon

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ORIGINAL PUBLICATION HERE Cessions of premiums to capital markets investors and specialist insurance-linked securities (ILS) funds rose among the Aon Reinsurance Aggregate group of companies tracked by the broker. Greater use of capital markets backed collateralised reinsurance has helped the 23 major reinsurers tracked by Aon to offset the impact of the record level of […]

Alternative capital up, traditional down, as reinsurer profits shrink again

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ORIGINAL PUBLICATION HERE Alternative reinsurance capital’s continued growth through 2018, as well as the slight shrinking of traditional reinsurer capital have been confirmed in a report out today, while at the same time profits at reinsurers are seen to have shrunk again, based on underlying returns on equity (ROE’s). Total dedicated global reinsurance sector capital […]

Collateralized reinsurance worked as designed & advertised: John Forney, CEO UPC

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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. […]

ILS a requirement to remain competitive as a re/insurer: JMP

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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 […]