According to market sources, both traders and ILS fund managers, following the impacts of hurricanes Harvey and Irma a number of industry-loss warranty (ILW) contracts are expected to payout, with the total at risk seen as in the billions.
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Kalista Global the Bermuda headquartered insurance and reinsurance services firm focusing on the insurance-linked securities (ILS), catastrophe bond, parametric re/insurance and alternative reinsurance sectors, has launched another new product today. Hot on the heels of the launch of an index-based ENSO (El Nino) cover the firm has announced the launch of a range of multi-peril […]
The industry loss warranty (ILW) market started 2012 well with relatively strong trading activity as rates remained at 2011 levels driven by the huge catastrophic losses suffered over the course of last year. Despite this good start to the year, the ILW market has suffered in recent months and if there are no major catastrophe […]
The industry loss warranty market has seen significant growth over the last decade and now sits poised to achieve as much as $7 billion of notional limit capacity during 2012, according to data from reinsurance broker Willis Re. Their recent ILW market report and outlook, which we covered in more detail here, discusses the size […]
The industry loss warranty (ILW) market is on the up in 2012 according to a report published by Willis Re, the reinsurance broking arm of Willis Group. Loss activity experienced during 2011 has driven buyers to seek protection and ILW’s are one area set to benefit, with Willis Re predicting growth of as much as […]
It’s the 1st of July so expect a flurry of posts about the reinsurance renewals season from us over the next few days. Guy Carpenter have released their renewals report this morning and it contains a little insight into how the industry loss warranty market and reinsurance prices are moving at the renewals.
Last week broker Guy Carpenter published a report looking at the recent 1st June renewals and the state of the reinsurance industry. They concluded that despite the heavy catastrophe toll from the first half of the year, reinsurers are generlly well capitalised and the reinsurance industry as a whole enters the hurricane season with excess […]
Lancashire Holdings, a Bermudian insurer who focuses on short-tail, specialty insurance, has revealed its use of industry loss warranties (ILW) in its latest quarterly report. The Q3 2010 report was published on the 8th November.
The recent Capital One cyber hack attack and resulting significant data breach could lead to a significant cyber insurance and possibly reinsurance market loss, leading Property Claim Services (PCS) to designate the event.
The impacts to reinsurance and ILS players from the typhoon Jebi losses in Japan may still have a little further to run, as the escalation of the industry loss has hit fresh layers in reinsurance programs, we’ve learned.