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Demand for customised reinsurance growing: Swiss Re

Demand for customised risk transfer solutions are increasing within the reinsurance marketplace, according to reinsurance giant Swiss Re. The trend could result in large reinsurers coming under pressure from influential ILS fund managers, as they look to utilise the specialities and features common in the ILS sector.During the release of read the full article →

Business interruption losses on the rise, clear role for ILS

With interconnected increasing, the negative and costly economic impact from business interruption (BI) risks is a growing concern for many firms. Again bringing to light the potential for ILS and alternative risk transfer structures to provide much-needed coverage for BI exposures.In an increasingly interconnected world the effects natural catastrophe, or read the full article →

ART & ILS can support human rights against catastrophe risks

International insurance and reinsurance markets, including alternative risk transfer instruments and insurance-linked securities (ILS), have a vital role to play in ensuring basic human rights for people against the world’s catastrophe risks, according to a recent study.The study, titled ‘Insurance regulation for sustainable development – Protecting human rights against climate read the full article →

Willis adds Global Head of Alternative Risk Transfer solutions

Global insurance and reinsurance broker Willis Group has hired Marc Paasch as its new Global Head of ART Solutions, strengthening the broker's position in the market for alternative risk transfer (ART) and tailored risk solutions.Alternative risk transfer encompasses the provision of risk and insurance solutions that enable businesses to transfer read the full article →

Legal & General expands longevity insurance team

Anticipating further growth in the longevity risk transfer and pension plan de-risking sector, UK insurer Legal & General has added four to its Bulk Annuity & Longevity Insurance business to prepare it for serving clients longevity risk needs.Two new hires join the Legal & General Bulk Annuity & Longevity Insurance read the full article →