Insurance Linked Securities Interviews

Program and fronting service specialist, Spinnaker Insurance Company, expects further organic growth as it continues to scale its operations with the support of the insurance-linked securities (ILS) space, according to General Counsel, Nicholas Scott and Senior Vice President (SVP), Adam Tyburski.

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.

Specialty insurer and reinsurer Brit has plans to increase its managed capacity and has ambitious growth plans for its range of insurance-linked securities (ILS) vehicles, according to Jon Sullivan, the firm’s Deputy Global Chief Underwriting Officer (CUO).

The expansion of the catastrophe bond market in recent times encouraged Insurance Australia Group (IAG) to sponsor its first transaction, which, according to the firm’s Executive Manager of Reinsurance Operations, Nick Hartry, complements its existing reinsurance arrangements.

Insurance and reinsurance linked investment manager, Leadenhall Capital Partners witnessed divergent rate behaviour at 1/1, resulting in a “deceiving” January 2019 renewals period, according to the firm’s Chief Executive Officer (CEO), Luca Albertini.

The issuance of the world’s first terrorism catastrophe bond by UK government-backed mutual terrorism reinsurance facility, Pool Re, is the latest step in its journey of trying to normalise the market through an increased understanding of the risk, according to its Chief Executive Officer (CEO), Julian Enoizi.

The recent shift in ownership of London headquartered insurance and reinsurance linked investment manager, Leadenhall Capital Partners to Mitsui Sumitomo (MSI), enables the ILS manager to better utilise the full-potential of its resources and is a reflection of the group’s growth aspirations, according to Leadenhall’s CEO, Luca Albertini.

Insurance-linked securities (ILS) related business volumes are expected to increase at reinsurance firm Hannover Re in 2019, part of which will be driven by the continued expansion of the sector, Henning Ludolphs believes.

Opportunities remain in the healthy and expanding weather risk market with both capacity supply and demand supporting short-term growth. And, at the same time, there’s likely to be a shift in weather market leadership away from “reinsurers with a front end”, according to Martin Malinow, President, Sompo Global Weather.

The insurance-linked securities (ILS) market is ripe for expansion in the casualty space and growth is being driven by the diversification and capital deployment needs of ILS fund managers, according to Jim Robinson, the Chief Executive Officer (CEO) of MultiStrat Advisors Inc.