Specialist mortgage insurance company Essent Guaranty has returned to the capital markets to further expand its collateralized mortgage reinsurance protection with a $333.84 million Radnor Re 2019-2 Ltd. transaction that will be its third mortgage insurance-linked securities (ILS) issuance.
Falcon Fund Management (Luxembourg) S.A., an investment management subsidiary of Switzerland-based Falcon Private Bank, is aiming to increase its activities in the insurance-linked securities (ILS) space, partnering with Solidum Partners AG for its ILS fund management.
The use of efficient capital from the insurance-linked securities (ILS) market, along with advanced technology and expanding amounts of data, can help the world in addressing climate risk, comments by Barney Schauble, Managing Principal at Nephila Advisors suggest.
TigerRisk Partners, LLC, the reinsurance brokerage, risk and capital advisory, has announced the hiring of Lindsey Frase, a senior reinsurance broker based in California who joins the firm from her most recent position with Willis Re.
PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, has announced that it has acquired Canadian loss and exposure data firm Catastrophe Indices & Quantification Inc. (CatIQ).
Rapidly expanding insured catastrophe and severe weather exposure in mainland China highlights the need for risk transfer instruments such as catastrophe bonds, which also presents an opportunity for Hong Kong’s ambitions to become a marketplace for insurance-linked securities (ILS).
Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, has made a number of changes to its senior ILS leadership and Bermuda team.
Here are the ten most popular news articles, week ending 16th June 2019, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.
The California Earthquake Authority (CEA) is still expecting that its use of reinsurance and risk transfer capacity will grow in the coming years after a slight decline if a legislative change is approved, while right now the percentage of the CEA’s program that is collateralized stands at 34%.
Alternative reinsurance capital and insurance-linked securities (ILS) capacity growth is expected to resume once a number of recently experienced bumps have been smoother over, according to Standard & Poor’s.
Almost all of the recently issued catastrophe bonds have featured early redemption clauses, to allow the cedant an option to redeem the bonds and close the coverage earlier than scheduled, which specialist ILS investment manager Plenum Investments says is a reflection on the higher returns in the cat bond market right now.
Reinsurance market pricing is firming up slightly more than had been expected, while reinsurance market forces also suggest that the rate rises seen so far can hold, according to Berenberg’s analysts.