Insurance Linked Securities Interviews

The Head of the Bermuda branch of Tokio Millennium Re AG (TMR), Kathleen Faries, has said the firm sees its important strategic partnerships with alternative, or third-party reinsurance capital as a growth opportunity.

A series of groundbreaking catastrophe bonds covering new perils and indemnifying new sponsors have been well received by investors, according to Shiv Kumar, president and global leader of GC Securities, Capital Markets

Artemis spoke with Sean Bourgeois, Founder and CEO of insurance technology (InsurTech) start-up Tremor Technologies, Inc., to discuss its mission to create an open, technology-driven, programmatic marketplace for reinsurance risk placement.

Reinsurance giant Hannover Re continues to take advantage of the expanding insurance-linked securities (ILS) sector, and sees further opportunities in a marketplace that is “here to stay,” according to Henning Ludolphs, Managing Director of Retrocessions & Capital Markets at Hannover Re.

There’s potential for the expanding insurance-linked securities (ILS) market to play a meaningful role outside of the natural catastrophe space, however, on long-term business, someone must take the tail risk, says Ulrich Wallin, Chief Executive Officer (CEO) of reinsurance giant Hannover Re.

After muted rate movements across the reinsurance sector during 1/1, followed by disappointing April and mid-year renewals, Director of Underwriting, London at Hiscox, Megan McConnell, feels rates at this level are unsustainable for a purely equity-based balance sheet.

Nephila Advisors’ Co-Founder Greg Hagood feels scale is becoming increasingly important for insurance-linked securities (ILS) fund managers, and believes the next evolution of the ILS market is to “rationalise a very inefficient distribution chain.”

It’s crucial the insurance-linked securities (ILS) market learns from the impacts of 2017 catastrophe events, but despite the losses, the outlook for the ILS asset class is stronger than it has been for some years, according to Zurich headquartered insurance and reinsurance linked investment manager, Twelve Capital.

Stephen Doherty, the Chairman of Speedwell Weather, a service provider to the weather risk management market, expects the wind hedging market to gain further momentum after steady growth in recent years, and, in a recent interview, told Artemis about the benefits of its sophisticated Windfarm Benchmarks.

Over the last two decades Nephila Capital has become the world’s largest insurance-linked securities (ILS) fund manager. While the industry has taken positive strides in this period, there are just as many challenges today as there was 20 years ago, but change is coming, according to the firm’s co-founder and principal, Frank Majors.