Archive for June, 2016

The world’s largest insurance linked investment manager Nephila Capital and insurance giant Allianz are working together on blockchain technology for catastrophe risk trading, betting on the ability of insurance technology (insurtech) to make underwriting and investing in catastrophe risk more efficient.

Leaders of international public and private sector organisations have underlined the importance of risk transfer mechanisms and capacity in achieving global resilience and sustainable development goals set by the United Nations (UN) and the World Bank.

The Jardine Lloyd Thompson Capital Markets (JLTCM) team has announced a third new privately placed catastrophe bond completion in a week, with the sixth and largest yet of the Oak Leaf Re deals, a $53.575m Oak Leaf Re Ltd. (Series 2016-1), showing the sponsors appetite for capital market reinsurance coverage.

Huang & Associates Analytics Ltd. (HAA), a firm aiming to meet the insurance-linked securities (ILS) market’s demand for risk analytics solutions and advisory services, has launched two new tools for ILS investors, RAPID Pro and Deal Tracker.

Property casualty insurance holding company United Insurance Holdings Corp. (also known as UPC Insurance) has released details of its June 1st reinsurance program, which shows that the collateralized reinsurance market played a key role in the firm’s mid-year renewal.

Insurance giant Zurich is considering leveraging the capital markets and ILS investors as a way to offload more bank related operational risk, in similar arrangements to the recently completed Operational Re Ltd. deal for investment bank Credit Suisse.

Total reinsurance capital grew again at the end of 2015 as the lack of large loss events, growth of third-party capital and ILS resulted in an abundance of reinsurance capacity, meaning a $200 billion loss event may be required for any significant impact on rates to materialise, according to analysts at Macquarie

The Florida Hurricane Catastrophe Fund (FHCF) has completed a $1 billion renewal of its private reinsurance cover, the second year the fund has looked to private sources of traditional and third-party risk capital to offload the risk of severe a hurricane season.

Despite impressive growth and increased maturity of the ILS market in recent times Cory Anger of GC Securities, feels that in order to mitigate the intensely competitive catastrophe re/insurance markets, alternative reinsurance capital products must expand and broaden their reach.

The Jardine Lloyd Thompson Capital Markets (JLTCM) team has announced completion of its second Market Re platform privately placed catastrophe bond transaction in a week, with the completion of a $25m Market Re Ltd. (Series 2016-4) deal.