Archive for November, 2015

The London Market Group (LMG) said today that it welcomes the beginning of the UK government HM Treasury’s legislative work to put in place the framework to support the regulation and facilitation of an insurance-linked securities (ILS) market.

ILS Diversified Ltd., a fund-of-funds strategy which invests in an actively selected range of insurance and reinsurance linked investments funds, has seen impressive performance in 2015 to-date, outperforming its benchmark Index and demonstrating the benefits of the strategy.

A lack of available and adequate data limits the impact alternative reinsurance capital has on the Asia Pacific (APAC) outside of Japan, but industry executives and analysts predict moderate growth for the regions aggregate reinsurance capacity.

U.S. military mutual insurer USAA is back in the catastrophe bond market again looking to expand its use of capital markets backed reinsurance capacity, with a $100 million, single tranche issuance Residential Reinsurance 2015 Ltd. (Series 2015-2).

The UK government has begun to put in place the legal framework for facilitating insurance-linked securities (ILS) and collateralised reinsurance business, beginning with amendments to a financial services bill to allow a transformer vehicle to be established.

Industry commentary surrounding catastrophe bond rates has suggested lately that market prices have reached a floor, but research from RMS reveals that returns in the asset class relative to risk values are actually higher this year than those seen in 2014.

Steve Britton is joining Aon Captive and Insurance Management, the specialist arm of Aon plc, as Managing Director, Global ILS Management, moving on from Horseshoe Group after five years with the firm.

The Government of Gibraltar has announced new legislation to support a protected cell company (PCC) designed specifically for the insurance linked securities (ILS) sector. Known as an SPV PCC the 100% collateralised vehicles are Gibraltar’s newest offering to encourage ILS business to its shores.

Insurance and reinsurance group Hiscox continues to benefit from the efficiency gained through its growing third-party capital and insurance-linked securities (ILS) unit Kiskadee Investment Managers, as it helps the company to offset market pressures.

The Kilimanjaro Re Ltd. (Series 2015-1) catastrophe bond which is currently being marketed on behalf of reinsurance firm Everest Re looks set to more than double in size, from the $300 million it launched at, to $625 million by the close.