Archive for February, 2019

Markel CATCo Investment Management looks likely to run-off the portfolios of retrocession reinsurance from its stock exchange listed fund the CATCo Reinsurance Opportunities Fund.

While alternative capital continues to outpace traditional reinsurance capital in terms of growth, the future of the ILS market may come through opportunities from less conventional sources, according to Paul Schultz.

Weston Hicks, the President of the Alleghany insurance, reinsurance and investment group, has warned re/insurers that provide fronting and transformation services to the ILS and collateralized market to beware of being left holding the tail risk.

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.

Arch Capital Group’s issuance of mortgage insurance-linked notes, via its Bellemeade issuance platform, lowers shareholders’ exposure to the tail impacts on Arch’s business from economic recessions, subsequently supporting growth, says President and Chief Executive Officer (CEO), Marc Grandisson.

Florida carriers should not expect any leniency, when it comes to assessing their financial strength, if their catastrophe reinsurance costs rise, Demotech, Inc. warned.

The recently completed £75 million Baltic PCC Limited (Series 2019) terrorism catastrophe bond, which was sponsored by Pool Re, the UK government-backed mutual terrorism reinsurance facility, achieved a number of innovative firsts.

U.S. primary military mutual insurer USAA has further extended the maturity date for two of its at-risk of loss tranches of Residential Re (ResRe) catastrophe bond notes.

The successful issuance of the AUD $75 million Orchard ILS Pte Ltd catastrophe bond, the first for sponsoring insurer Insurance Australia Group (IAG) and the first cat bond to be issued in Singapore, took only a few weeks, according to a lawyer who worked on the transaction.

Property Claim Services (PCS) is to provide greater transparency for U.S. catastrophe loss estimates via the delivery of state-level market share data capture rates for U.S. events with insured losses of at least $1 billion.