Archive for July, 2016

Demand from large institutional investors, such as pension funds, for insurance and reinsurance linked investments (such as ILS funds and catastrophe bonds) is here to stay and will help the asset class continue to grow, according to Willis Towers Watson.

Movements and trends in the global reinsurance industry suggests reinsurers are showing signs of both rational and irrational behaviour in the current, softening landscape, according to industry leaders.

Despite catastrophe bond and insurance-linked securities (ILS) issuance subsiding in the second-quarter of 2016, investors in the space continue to be exposed to a broader range of perils, a trend that reinsurance giant Munich Re expects to continue in the future.

AIR Worldwide has launched a new practice group to be focused on disaster resilience and disaster risk reduction initiatives around the world, which will ultimately help insurance, reinsurance and capital or ILS markets better provide risk financing capacity.

Pioneer Investments is launching a new insurance-linked securities (ILS) fund strategy, named the Pioneer ILS Bridge Fund, which is designed to enable investors to maintain or grow their allocations to reinsurance as an asset class, particularly after a market-dislocating catastrophe event.

The insurance-linked securities (ILS) sector and the use of capital market capacity within Asian insurance and reinsurance is set to increase steadily, according to speakers and attendees at last week’s inaugural Artemis ILS Asia 2016 conference in Singapore.

The Blue Halo Re Ltd. (Series 2016-2) catastrophe bond transaction, which is being sponsored by Allianz Risk Transfer the specialist alternative risk transfer and fronting arm of global insurance and reinsurance group Allianz, has more than doubled in size during marketing to $225m.

Here are the ten most popular news articles, week ending 17th July 2016, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

In the context of the risk of yields on UK gilts staying low for longer, or getting even lower, increasing following the countries recent Brexit vote to leave the European Union, Hymans Robertson believes pensions may be facing up to 50% more in longevity related liability costs.

Homeowners Choice Property & Casualty Insurance Company, Inc., an HCI Group wholly owned subsidiary, has completed its catastrophe reinsurance program for the 2016-2017 year, securing a saving of roughly $48 million, utilising both collateralised and traditional reinsurance protection.