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Insurtech AkinovA gets investment from Hiscox & MS&AD

Digital risk trading insurtech start-up Akinova has secured an investment boost from reinsurance firm Hiscox Re and the venture arm of Japanese insurance holding company MS&AD.Akinova promises a digital platform for transfer and trading insurance and reinsurance risks and is looking to launch with an industry-loss warranty (ILW) type of read the full article →

Miller completes acquisition of ILW broker Alston Gayler (AG)

Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW), has completed its acquisition of Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG).Alston Gayler has a recognised ILW broking practice specialty and experience broking to collateralised reinsurance markets as a result and read the full article →

ILW pricing stays relatively flat since recent catastrophe losses

Pricing for industry-loss warranty (ILW) backed retrocessional reinsurance protection has not shifted significantly since the aggregation of recent catastrophe loss events, with brokers still pitching capacity at the same rates as prior to the wildfires, sources have told us.Since the California wildfires are now assumed to be a $15 billion read the full article →

ILW broker Alston Gayler (AG) to be acquired by Miller

Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG), which has a recognised ILW broking practice, is to be acquired by fellow broker Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW).Alston Gayler (AG) is well-known as a broker in the insurance-linked read the full article →

ILS industry recognised Florence would not be market-changing

The insurance-linked securities (ILS) industry and third-party reinsurance capital providers recognised that hurricane Florence would not be a market-changing event and reacted accordingly.As a result there was no real panic buying or selling of exposed ILS assets, catastrophe bonds or otherwise, nor was there a rush of live cat and read the full article →