The insurance and reinsurance linked investments space has value for its investors, as a diversifying asset with low correlation to broader financial market indicators, but this value is lessened or wiped out completely if the risk adjusted returns of ILS are not appropriate.
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Collateralized reinsurer Oxbridge Re Ltd. is looking to become more of an asset manager in the reinsurance space with its newly licensed Cayman Island’s sidecar vehicle, Oxbridge Re NS Ltd., according to its Chairman and Chief Executive Officer (CEO), Jay Madhu.
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Australian primary player Insurance Australia Group (IAG) has spent significantly more on its reinsurance protection in the last six months, by adding a new stop-loss protection to cover it when catastrophe losses go above its natural perils budget and servicing a larger overall program.
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Randall & Quilter, a Bermuda headquartered specialist non-life insurance and reinsurance investor, legacy or run-off transaction service provider and underwriting program manager (amongst other things) has hired Darren Bailey, an executive with ILS and capital markets experience.
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The use of insurance-linked securities (ILS), catastrophe bonds and collateralized reinsurance has transformed the reinsurance market and conquered the property catastrophe space, according to S&P, providing companies with a lever to acquire premium growth while still managing and controlling their peak exposures.
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Managing agents want greater use of ILS at Lloyd’s

August 14, 2018

Unsurprisingly, managing agencies in the Lloyd’s of London insurance and reinsurance market would like to see insurance-linked securities (ILS) as a permanent fixture and efficient capital options more readily accessible.

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Tremor opens programmatic marketplace for reinsurance risk placement

August 14, 2018

An open, technology-driven, programmatic reinsurance risk placement marketplace has been announced as ready for business by Tremor Technologies, Inc., which the company hopes will make the placement and matching of risk with the right capital more efficient.

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Munich Re using more sidecars, less traditional retro in its de-risking

August 14, 2018

Global reinsurance giant Munich Re has followed suit with much of the market, in electing to pass on more premiums to de-risk at a time when the improved market conditions have allowed it to grow its underwriting book on the front-end.

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Japanese insurer losses from July rains & floods rise into the billions

August 14, 2018

The losses suffered by Japanese insurance firms after the extreme rainfall and flooding in July are rising into the billions of dollars, with leading companies having reported their losses recently and claims already paid having surpassed $715 million.

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Alternative capital rises again, hits $95bn or 16% of reinsurance: Aon

August 13, 2018

The amount of alternative capital in the global reinsurance industry, so capital provided by insurance-linked securities (ILS) funds, investors and structures, has now reached a new high of $95 billion and as a result contributes 16% of global reinsurance capital, according to Aon.

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AXIS hires Anne Kelly from Travelers to lead global ceded reinsurance

August 13, 2018

AXIS Capital has announced the hiring and appointment of a new Global Head of Ceded Reinsurance, hiring Anne Kelly from U.S. primary insurer Travelers into the role.

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Updated U.S. wildfire catastrophe risk model released by AIR

August 13, 2018

Catastrophe risk modelling firm AIR Worldwide has released an updated version of its United States wildfire risk model, a timely update given the impactful start to the California wildfire season in 2018.

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UK courting Brazil to use its framework for insurance-linked securities

August 13, 2018

The government of the United Kingdom is continuing to encourage other countries to look towards the UK and its recently enacted insurance-linked securities (ILS) regulatory and tax framework as a potential avenue for ILS and catastrophe bond issuance, with Brazil the latest country to be courted.

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Longevity swap activity up, but capacity questions raised for year-end: WTW

August 13, 2018

The level of activity in pension de-risking as a whole has been high in 2018 so far, with longevity swaps amounting to £2.3 billion transacted, along with £8.1 billion of bulk annuities deals. But Willis Towers Watson questions the availability of capacity for the end of this year.

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NOAA lowers 2018 Atlantic hurricane forecast, as El Nino chances rise

August 13, 2018

The U.S. National Oceanic & Atmospheric Administration (NOAA) is the latest to reduce its forecast for the numbers of storms and hurricanes that will occur during the 2018 Atlantic hurricane season, as its Climate Prediction Center raises the likelihood of a below-normal Atlantic hurricane season to 60%.

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