Archive for August, 2022

Insurance-linked securities (ILS) fund managers have been working to free trapped capital related to possible COVID pandemic related losses in European reinsurance contracts, with commutations being pursued, AM Best has reported.

Aon Insurance Managers (AIM), the unit of the global insurance and reinsurance broker that deals with insurance management, including of commercial, captive and insurance-linked securities (ILS) vehicles, has expanded the roles of two well-known executives to encompass additional global responsibilities.

There is now less than a fortnight until our first insurance-linked securities (ILS) market conference held in the UK. Over 200 people are now registered for the event but some tickets are still available for Artemis London 2022, which is taking place on September 6th 2022.

Equity analysts from investment bank Goldman Sachs have, perhaps unwittingly, laid out a thesis for insurance-linked securities (ILS) investing in their latest research report on the global reinsurance market, which they laud for its defensive investment properties and note has very positive tailwinds at this time.

The trend of increased new issuance volume in catastrophe bonds is expected to continue, with positive growth of the cat bond market expected as a result, according to Swiss Re Capital Markets.

Accelerant, the insurtech that aims to help its members exchange and transfer risk more effectively and also connect them with long-term capital, has launched a $175 million reinsurance sidecar structure named Flywheel Re.

The era of catastrophe-focused traditional reinsurers appears to be over, rating agency AM Best announced today, as the pulling-back continues in some quarters, while the addition of more diversifying lines of business accelerates among once cat-specialist US and Bermuda based reinsurance firms.

Many insurance-linked securities (ILS) investors remain hesitant about allocating capital to cyber insurance and reinsurance risks, which leads rating agency S&P Global to suggest growth of a cyber ILS market will likely be slow in the short to medium term.

Rating agency Moody’s Investors Service is the latest to forecast a continuation of reinsurance pricing trends, with more rate momentum predicted and additional hardening at the January 2023 renewals.

The globally diversified major reinsurance companies of the world saw some of the strongest reinsurance premium growth again in the first-half of 2022, with pricing gains for commercial business a key driver of expansion.