Archive for November, 2017

A new Guernsey based reinsurance start-up, Brilliant Reinsurance (Guernsey) Limited, has been launched, becoming Guernsey’s first re/insurer with backing from China and targeting the provision of retrocession to underwriters in the Lloyd’s of London market.

Leadenhall Capital Partners, the insurance and reinsurance linked securities fund manager, has announced another new hire, adding Anthony Mensa Bonsu as a new non-life Portfolio Manager, who joins the firm from his most recent position with Sompo International.

2017 is widely seen as the first real test for the alternative reinsurance capital space, but while the sector is viewed as being resilient and sophisticated, were 2018 to bring losses of a similar magnitude to this year, the permanence of alternative capital could be tested as well, according to Swiss Re’s Kurt Karl.

London-based insurance and reinsurance linked investment manager Leadenhall Capital Partners has announced another new hire into its business development function, hiring Hamza Khan who was most recently with Lloyd’s of London syndicate Probitas 1492.

Kelvin Re Limited and Humboldt Re Limited, the two rated reinsurance vehicles managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team, have both had their ratings affirmed by A.M. Best despite falling to losses due to recent catastrophe events.

Asset manager Schroders has launched the Schroder Life ILS strategy today, a specialist $750 million fund that will be invested in life insurance and reinsurance linked securities (ILS), aiming to provide its investors with an attractive return from a diversifying asset class.

The World Bank actively working to emulate its successful establishment of the Pandemic Emergency Financing Facility (PEF) for other humanitarian crises, such as famine, including the use of financial market risk transfer instruments, such as the pandemic catastrophe bonds and swaps.

An interesting burst of catastrophe bond trading has been recorded on the U.S. Financial Industry Regulatory Authority, Inc. (FINRA) Trace Reporting and Compliance Engine (TRACE) this week, with a high volume of trades and a high number of cat bond names changing hands across just two days.

Senior reinsurance industry executives said that the market cycle is likely to be less “violent” going forwards, with fewer radical price movements as the industry matures and “patient” alternative capital helps to smooth our the peaks and troughs.

Reinsurance, insurance and ILS entities from Bermuda are set to pay as much as 30% of the losses from 2017’s severe hurricane season, as data from a survey shows that companies and vehicles registered on the island are set to pay as much as $31.2 billion.