Archive for March, 2019

The mortgage insurance-linked securities (ILS) or insurance-linked note market is primed for expansion, as more of the U.S. private mortgage insurers look to leverage the capital markets as a source of reinsurance capacity and as a capital management tool.

The April reinsurance renewals in Japan look set to deliver their largest rate increases to wind and aggregate layers of reinsurance towers, with severely loss impacted lower layers of programs seeing rises of 20% to 30%, we’re told.

Insurance-linked securities (ILS) are set to play a meaningful role within global risk markets, as insurance and reinsurance risk and exposure expand, according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re.

U.S. primary insurance giant Allstate has started 2019 with a lower level of catastrophe loss experience, hinting at a quieter start to cat loss activity in the United States, which reads across to reinsurance and ILS players as positive for the first two months of the year.

The collateralized reinsurance sidecar vehicle of reinsurer Oxbridge Re Ltd. has been completely wiped out by catastrophe loss events from 2018, with the California wildfires tipping it over the edge.

Peter Mullen has now returned to Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, as Chief Executive Officer.

AkinovA, one of the insurtech start-ups targeting provision of a marketplace for digital trading of reinsurance risk, has selected Aquis Technologies to provide it with necessary matching engine and compliance related software.

Some of Florida focused property and casualty insurer Heritage Insurance Holdings, Inc’s Citrus Re Ltd. catastrophe bond tranches appear to be paying out, following the rising losses the carrier suffered after hurricane Irma in 2017.

Leading ILS fund manager Nephila Capital has participated in Series B funding and signed up to use predictive data and climate risk analytics tools offered by Jupiter, a technology company focused on helping users better understand and manage climate-related risk.

The California Earthquake Authority (CEA) has again lifted the size of its reinsurance program to a new record high at the end of 2018, with limit purchased reaching $8.132 billion.