Archive for September, 2015

Alternative reinsurance capital has “got to be in our future at some point” according to Hamilton Insurance Group CEO Brian Duperreault, but the time has to be right and different forms of capital need to be deployed in the right way and with the right motivations, he told Artemis.

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, has launched a new website called Wind-Jeannie which provides forecasts of potential industry losses from European windstorms.

The massive exposures from cyber risk will eventually need to be dealt with by the insurance and reinsurance market with a hybrid approach, creating reinsurance products that leverage both traditional and capital market or ILS practices, according to PwC.

While performance remains “pretty good” for many players in the global reinsurance and insurance market, it is no longer “business as usual” according to Torsten Jeworrek, member of the board at the world’s largest reinsurer Munich Re.

Demand for reinsurance capacity is set to accelerate, but conditions will remain challenging, according to Aon Benfield. However, while opportunities for growth still exist, the broker does not see the market as being in a permanent softened state but does expect the cycle to be different.

ILS and collateralised markets are growing their share of U.S. property catastrophe reinsurance programs, at both national and regional level, as the capital markets continues to become an essential component of many insurers risk transfer arrangements, according to Willis Re.

Tokio Millennium Re, the global reinsurance operations of Tokio Marine & Nichido Fire Insurance Co., Ltd., is increasing its focus on ILS business and advancing its partnership with the capital markets, with the launch of a new unit named ‘Capital Solutions’.

It’s not just insurance-linked securities (ILS), capital markets players and investment conglomerates that can enter the reinsurance market boasting a reduced cost-of-capital and lower return requirements than incumbents. Even a traditional insurer can follow this approach.

Reinsurance broker Guy Carpenter opened the 2015 Monte Carlo Rendez-vous with its regular and now eighth press briefing, but the news for the reinsurance underwriting community is mixed, with it being described as a “good news, bad news story.”

Bermuda based insurance-linked securities and collateralized reinsurance investment manager ILS Capital Management has expanded into London, with a new office, added a number of new hires and also joined forces with an MGA focused on weather risk management and insurance products.