Archive for March, 2017

German reinsurance giant Hannover Re demonstrated today that even the largest firms need to continue building out platforms to provide efficient access to risk business, and that markets also remain a key piece of the reinsurance puzzle.

In a further demonstration of catastrophe bond and insurance-linked investor demand, both the $375 million Sanders Re Ltd. (Series 2017-1) from Allstate and the $480 million Aozora Re Ltd. (Series 2017-1) cat bond from Sompo have priced at levels below their initial guidance.

Louisiana Citizens Property Insurance Corporation is returning to the catastrophe bond market in 2017, with a $100 million Pelican IV Re Ltd. (Series 2017-1) transaction covering named storm risks across a three-year reinsurance term.

Securis Investment Partners has increased the size of its special purpose Lloyd’s of London syndicate 6129 joint venture so it can underwrite $130 million of U.S. excess and surplus lines property business in 2017.

Risk to U.S. property, and therefore through convective storm losses to insurance, reinsurance and also ILS markets, is as high from severe thunderstorms as it is from hurricanes, according to broker Willis Re.

Reinsurance and retrocession linked investment manager Markel CATCo Investment Management has again taken advantage of soft market pricing to increase its own retro balance-sheet hedging, largely through the purchase of industry loss warranties (ILW’s) for 2017.

The recent successful issuance of the $164.5 million Buffalo Re Ltd. (Series 2017-1) catastrophe bond has been hailed by the sponsor, Lloyd’s of London ICAT Syndicate 4242, as “seamlessly” fitting within its overall reinsurance strategy.

Here are the ten most popular news articles, week ending 19th March 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.

UK headquartered insurance group Legal & General is looking to expand its activity in longevity risk transfer, through insurance, reinsurance and longevity swaps, to the United States as it sees an opportunity to grow the business there.

As of the 1st January 2017 the California Earthquake Authority (CEA) increased the amount of reinsurance and risk transfer that it benefits from by another 15% to reach a record high of just under $6.33 billion.