Archive for November, 2016

The UK’s recent announcement on regulations for the development of an insurance-linked securities (ILS) market in the UK, should promote the creation of new re/insurance solutions, and could also be a catalyst for growth for both the London market and the broader ILS space, according to Ben Reid, Ernst & Young LLP (EY).

The sophisticated insurance-linked securities (ILS) investor base continues to fuel demand for insurance and reinsurance-linked exposures, and the persistent flow of third-party capital is bringing the traditional and alternative space closer together, according to ILS and reinsurance industry leaders.

The Canada Life Assurance Company has helped the pension plan of the Canadian Bank Note Company, Limited to a streamlined longevity swap, a $35 million transfer of longevity risk associated with its pensioners which is the smallest transaction we’ve seen at Artemis.

The catastrophe bond and ILS market looks set to see a very rare casualty cat bond type transaction as European insurance giant Assicurazioni Generali seeks a €180m or larger source of motor third-party liability reinsurance protection through a Horse Capital I DAC securitisation.

Here are the ten most popular news articles, week ending 27th November 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.

One factor is set to be absolutely key in the United Kingdom’s ambitions to become a hub for insurance-linked securities (ILS) transaction, the speed with which an application to launch a structure can be approved.

In its fourth year, the softening reinsurance market cycle continues to dampen prospectus returns for reinsurers, but with many in the sector remaining profitable and the industry RoE expected to be good, driven by benign losses and high reserve releases, the sector could struggle to remain flat at 1/1 2017, according to Hannover Re.

New Zealand based primary insurance firm Vero, a subsidiary of the Suncorp Group, expects its “strong reinsurance arrangements” will cover “all expected claims” from the recent earthquake that struck the Kaikoura area.

New data and analysis from international catastrophe risk modeller, AIR Worldwide, reveals that a 1-in-100 year loss event is equivalent to an estimated $253 billion in global insured losses, an increase of roughly 8% on last year and, the trend is evident across all loss metrics.

Insurance-linked securities (ILS), pure catastrophe bond and reinsurance linked investment funds saw a below average return of 0.42% in October 2016, as the majority of hurricane Matthew losses were factored into monthly NAV’s.