Archive for September, 2019

In the main, funds investing in insurance-linked securities (ILS) and collateralised reinsurance are expecting any losses from hurricane Dorian that flow to the sector will be largely attritional in nature.

According to analysts that met with the senior management of AXA Group recently in London, the company has continued to utilise increasing amounts of third-party reinsurance capital to support its natural catastrophe exposures.

Speaking to Artemis from the SCOR lounge in Monte Carlo, Jean-Paul Conoscente, chief executive of SCOR Global P&C, outlined the company’s ambitious plans to place ILS at the heart of the business.

Insurance and reinsurance group Argo has again elected to extend the maturity date further on its at-risk aggregate multi-peril catastrophe bond Loma Reinsurance (Bermuda) Ltd. (Series 2013-1).

While there was generally positive messaging coming from the reinsurance and insurance-linked securities (ILS) market at the 63rd Monte Carlo Rendezvous event this week, views on pricing differed as ever.

The prolonged low interest rate environment will maintain the focus on underwriting profitability as the industry moves towards the 1 January 2020 renewals, thinks Mike Van Slooten, Head of Business Intelligence, Aon’s Reinsurance Solutions.

The African Risk Capacity (ARC) will pay the Government of Côte d’Ivoire $738,835 after a deficit of rainfall during the growing season triggered the countries parametric insurance policy.

Insurance-linked securities (ILS) and catastrophe bond issuance is likely to “materially increase” over the next nine months, according to Jean-Louis Monnier, Head of Retro & ILS Structuring and Origination at global reinsurance firm Swiss Re.

Blerina Essen, the Managing Director of UK-based lottery provider MyLotto24 and someone who worked on and sponsored some of the earliest lottery jackpot insurance-linked securities (ILS) transactions, is to consult and advise to gaming services provider RISQ on reinsurance and hedging.

There is a distinction between reinsurance firms that purely rely on retrocession, often from alternative capital, to support their gross underwriting, and those that target earning fee income by managing it for third-party investors, rating agency Moody’s says.