Reinsurance News

Having recently spent time meeting with the insurance-linked securities (ILS) market at the SIFMA annual conference in March and caught up with other market participants since, we come away with a feeling that the ILS market remains keenly focused on holding onto gains made in recent years, with no ambition to revert back to the […]

For private equity investors, the use of alternative capital vehicles and insurance-linked securities (ILS) structures presents a mature way to take advantage of reinsurance market cycles in an efficient manner, analysts at BMO Capital Markets have highlighted.

US primary insurer Travelers recorded catastrophe losses, net of reinsurance, of $712 million in the first quarter of 2024, up 33% year-on-year as a result of continued severe wind and hail activity across parts of the US, the company announced today.

Global insurance and reinsurance industry losses from natural catastrophes in the first quarter of 2024 were 10% higher than the most recent 10-year average at $20 billion, amid a continuation of high severe convective storm (SCS) activity in the US, according to reinsurance broker Gallagher Re.

Analysts at Goldman Sachs have noted that 2024 is going to be a year where they will be focusing on the potential for inflows of alternative capital or new entrant formation to change the dynamic across reinsurance and specialty insurance markets.

Parametrix, a specialist in cloud downtime insurance protection, has launched Parametrix Analytics, a new service allowing re/insurers to quantify, manage, and transfer cloud risks with “unprecedented” accuracy.

Insurer and reinsurer Aspen Insurance Holdings Limited, and asset manager PIMCO, have announced the launch of Pando Re Ltd., a Bermuda-based, casualty focused collateralised re/insurer that act as a reinsurance sidecar and help to drive growth of third-party capital and fee income for Aspen Capital Markets.

When it comes to designing a reinsurance sidecar structure for a life insurer, ensuring alignment is strong across all parties involved is critical, while trade-offs between a sidecar strategy and simply trading with traditional reinsurers must also be assessed, according to RGA (Reinsurance Group of America).

The arrival of the world’s first cloud outage catastrophe bond was viewed very positively, and provides investors with a new avenue into the cyber insurance-linked securities (ILS) space, according to Henning Ludolphs, Managing Director Retrocession and Capital Markets at Hannover Re.

Flooding and severe convective storm (SCS) activity across the central and southern US between April 6th and 11th caused some notable property damage, with total economic and insured losses potentially in the hundreds of millions of dollars or higher, according to insurance and reinsurance broker Aon.