Archive for February, 2017

Industry experts have again emphasised the importance of speed to market if London is going to develop a competitive insurance-linked securities (ILS) framework, but expressed varied thoughts on what impact Brexit might have on the UK’s ILS ambitions.

PG3 AG, the family office of the founders of Swiss private markets investment specialists Partners Group, has hired Tibor Winkler, formerly of ILS specialists Secquaero Advisors, as an ILS Portfolio Manager and Managing Director.

The $5 million Alpha Terra Validus I private catastrophe bond transaction, completed recently by AlphaCat Managers Ltd. the third-party reinsurance capital unit of Validus, features Latin American risks from cedent Terra Brasis Resseguros S.A. (Terra Brasis Re).

Longevity reinsurance capacity may have been overpriced last year, despite a reduction in liabilities flowing through from new mortality data which showed that mortality improvements were slowing, according to Aon Hewitt.

Investments in insurance-linked securities (ILS) and catastrophe bonds continued to outperform some comparable benchmarks in 2016, despite further reinsurance rates and ILS price declines, according to the latest report from Aon Securities.

Arndt Gossmann, the Chief Executive Officer (CEO) of run-off specialist DARAG, expects the legacy market to experience significant growth in 2017, driven in part by the growing appetite for run-off business from third-party investors.

Currently, the utilisation of alternative risk transfer solutions such as catastrophe bonds and collateralised reinsurance primarily focuses on mature Asian markets, but with the marketplace keen to expand its remit cedents in developing Asian markets could stand to benefit.

AlphaCat Managers, the insurance and reinsurance linked investment unit of Validus Group has completed a $5 million Alpha Terra Validus I private catastrophe bond transaction, which we understand is designed to source risk in securitised form for one of its mandates.

Here are the ten most popular news articles, week ending 5th February 2017, 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.

Insurance-linked securities (ILS) vehicles and collateralised reinsurance structures owned and operated by primary direct insurance firms are providing another competitive element that affects reinsurers and also blurring the value-chain, according to S&P.