Archive for September, 2024

Computershare, a banking and investor services provider with a footprint in the collateralized reinsurance market, is expanding its insurance-linked securities (ILS) services offering to focus on also providing trustee and paying agent services for catastrophe bonds.

The casualty insurance-linked securities (ILS) market has been growing and PwC highlighted this at events in Monte Carlo at the Rendez-Vous this week, saying that it is an area for the legacy reinsurance and ILS sectors to collaborate.

Even without any major catastrophe loss events over the rest of the year, Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners Ltd., is not expecting a significant shift in premium from current price levels and notes the company will strategically shift capacity between areas of the market to source the best deal opportunities […]

Over the next year, reinsurance buyers have expressed a strong preference for catastrophe bonds when it comes to utilising alternative capital, while sidecars are also expected to see much more elevated demand, the latest survey by Moody’s Ratings shows.

Dean Klisura, the President and CEO of Guy Carpenter has explained that the market is well capitalised and this is accelerating, while reinsurers remain open and motivated to do business.

MultiStrat, the specialist underwriter, and reinsurance investment facilitator, has announced two senior promotions within its underwriting team, with Kier James, Vice President, Underwriting, stepping up to become Chief Underwriting Officer (CUO), while Patrick Grealy, Executive Vice President, transitions to the expanded role of Portfolio & Performance Management.

Marcel Grandi, Head of ILS Sourcing at Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance investment manager Twelve Capital, believes the current reinsurance market environment and its pricing may persist longer this time.

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund and collateralized reinsurance investment manager, has announced the hiring of Andreas (Andy) von Reitzenstein as Senior Vice President, Underwriting in Bermuda.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reached a significant milestone in the development of its reinsurance investment franchise, hitting the $10 billion mark in assets under management (AUM), Artemis has learned.

Global reinsurance company Hannover Re said today at the Monte Carlo Rendez-Vous event that innovation remains on the agenda even while demand for traditional reinsurance remains high, citing examples of parametric risk transfer and its recent cloud outage cyber catastrophe bond.