In reporting its results this morning, global reinsurance firm Hannover Re has revealed significant growth in its insurance-linked securities (ILS) related activities, particularly in risk transformation and fronting for collateralised reinsurance.Hannover Re has become increasingly involved in the ILS market, acting as a conduit for its ceding clients to access read the full article →
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.Hicks has a record of highlighting any potential issues he sees related to the ILS read the full article →
AlphaCat Managers Ltd., the AIG owned insurance-linked securities (ILS) fund and collateralized reinsurance investment manager, has set up a new Class 3A Bermudian reinsurance transformer vehicle, OmegaCat Reinsurance Ltd.OmegaCat Reinsurance Ltd. was registered in November 2018 along with a holding company OmegaCat Holdings Ltd.OmegaCat Reinsurance Ltd. was then licensed as read the full article →
Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting has successfully renewed its UK insurance-linked securities transaction, which is akin to a sidecar, with a slightly enlarged $77 million issuance of notes from the NCM Re (UK PCC) Ltd vehicle.Last year, Neon was the first to register and receive approval read the full article →
Non-traditional capital, managed by insurance-linked securities (ILS) funds or by more traditional underwriters, has "cracked the moat" of the Lloyd's insurance and reinsurance market and is unlikely to leave, but it's still not clear the market has developed its strategy on how best to take advantage of it.Speaking at Lloyd's read the full article →
With Lloyd's of London market participants generally beginning to view the idea of the insurance-linked securities (ILS) having more involvement in and access to Lloyd's as a positive, or at least inevitable, they should be looking to ILS as one way to increase the capital efficiency of their operations in read the full article →
German reinsurance giant Hannover Re said today that the approximately $1.5 billion of catastrophe bonds it has facilitated the issuance of for its clients help to deliver low-risk and attractive margins, while attracting new clients and maintaining existing relationships.Hannover Re has become a key facilitator for the catastrophe bond and read the full article →
The Lloyd's market has put its investigations into the potential use of insurance-linked securities (ILS) to protect its Central Fund on-hold for the moment, according to CFO John Parry.
It's common knowledge that the Lloyd's market has been looking seriously at how an insurance-linked security (ILS) or catastrophe bond structure could assist the market by supporting its capital and profitability, but it is vital any Lloyd's ILS solution supports syndicate capital, according to Vario Global Capital Ltd.
Another private catastrophe bond offering from the Eclipse Re platform, which is operated by the Horseshoe Group and Rewire Securities LLC, has come to market, in the form of a $97.6 million Eclipse Re Ltd. (Series 2018-02A) transaction, for which the sponsor is currently unknown.It follows closely behind the $53.3 read the full article →