Archive for October, 2015

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Sequant Re taking new holding company investment

Sequant Re, the Bermudian ILS and collateralized reinsurance company aiming to make it simpler for investors to access the returns of re/insurance risks, is taking a new investment in its holding company, Sequant Re Holdings Limited.The investment comes from a company that originally took a stake in Sequant Re when read the full article →

Public sector use of reinsurance, collateralized & cat bonds growing: Guy Carpenter

The use of risk transfer solutions, including reinsurance, collateralized reinsurance arrangements and ILS or catastrophe bond issuance, is rising among the public sector, as entities look to better manage and mitigate their loss exposures, according to Guy Carpenter (GC).“Insurers and public sector buyers are benefiting from the increased supply of read the full article →

Tougher to be a reinsurance capital provider than a broker: MMC CEO Glaser

In the currently challenging, softened and perhaps structurally changed for good global reinsurance market, it is tougher, right now, to be a provider of reinsurance capital and capacity than a broker, according to Marsh & McLennan President and CEO Daniel Glaser.With rates and pricing depressed, due to over-capitalisation of the read the full article →

Hurricane Patricia highlights role for ILS on peak exposures: Karen Clark

If a storm as intense as hurricane Patricia struck downtown Miami, Florida, insured losses could reach $200 billion, according to Karen Clark & Company (KCC), highlighting a growing need for insurance-linked securities (ILS) to supplement traditional reinsurance for peak U.S. exposures.Hurricane Patricia was one of the strongest storms ever recorded, read the full article →

AlphaCat hits $2.24bn, sidecar & ILS fund earnings grow for Validus

AlphaCat Managers Ltd., Bermuda headquartered insurance and reinsurance group Validus' ILS and third-party capital manager, added $163.8 million of third-party capital in Q3 2015, taking its total assets under management to just under $2.24 billion.The increasing scale of the AlphaCat insurance-linked securities (ILS) funds and sidecar vehicle are beginning to read the full article →

Life re/insurer demand to drive longevity risk transfer: Prudential

Demand from life insurance and reinsurance firms will drive continued growth and also global expansion of the market for pension longevity risk transfer and swaps, according to a report from Prudential Financial, Inc.Insurers and reinsurers are "motivated" to assume increasing amounts of longevity risk, through longevity swap and reinsurance transactions, read the full article →

Gibraltar targets ILS funds with Exchange-Traded Instruments

The Gibraltar Stock Exchange (GSX) plans to allow the listing of Exchange-Traded Instruments (ETI's) from December 2015. ETI's, based on special purpose vehicles, can be backed by alternative investments, making them suitable for ILS funds looking for an exchange listing.These Exchange-Traded Instruments expand the ability of the Gibraltar Stock Exchange read the full article →

Innovation, willingness needed for ILS to access new risks: Tom Bolt

To alleviate some of the competitive pressures in the softening, global reinsurance market, participants need to stop competing over well-understood exposures, and start “making some new pies” so that traditional and alternative capital can access emerging risks, says Tom Bolt.The wealth of alternative reinsurance capital in the sector has continued read the full article →

Watford Re combined ratio drops sub-100, investment losses hurt

Watford Re, the investment-oriented, hedge fund partnered, hybrid strategy reinsurance joint venture vehicle operated by Bermudian re/insurance group Arch Capital alongside asset manager Highbridge Principal Strategies, achieved one of its targets in the last quarter, getting the combined ratio under 100%.One of the targets for the hybrid reinsurance strategy, which sees read the full article →

S&P put MultiCat Mexico Class C notes on negative watch post-Patricia

The $100m tranche of notes from the MultiCat Mexico Ltd. (Series 2012-1) Class C catastrophe bond, which are exposed to a loss due to recent hurricane Patricia's impact on Mexico, have now been placed on CreditWatch with negative implications by S&P.As a result of the Category 5 landfall near Manzanillo, read the full article →