Insurance Linked Investments

Thus far, there are no signs or signals that a significant influx of alternative capacity will come in to disrupt the hard reinsurance market, particularly in the collateralised reinsurance space, according to analysts at J.P. Morgan.

The Vesttoo bankruptcy case continues and the date for a hearing in the Bermuda Supreme Court over the liquidation of cells linked to Aon intellectual property reinsurance transactions also nears, and now the joint provisional liquidators and Aon’s White Rock Insurance (SAC) Ltd. are seeking clarity over whether they can attend the hearing, without violating […]

The retrocessional reinsurance market is one area where capital is in more demand, which means pricing may stay attractive there and Hiscox Re & ILS expects to be able to continue supporting that market at the renewals, CEO Kathleen Reardon said yesterday.

Radian Guaranty, the US mortgage insurance arm of the Radian Group, is back seeking a capital markets funded source of reinsurance for the first time since November 2021, as it successfully upsized a new Eagle Re 2023-1 Ltd. mortgage insurance-linked securities (ILS) issuance to $353 million.

Insurance-linked securities (ILS) capital overall is only growing back slowly, with some fresh capital raising largely just replacing that which had been lost due to catastrophe events or investor redemptions and exits, rating agency AM Best explained in a new report.

Speaking this afternoon during a renewals focused panel discussion hosted by Aon’s Reinsurance Solutions, Sven Althoff, Member of the Executive Board for P&C at Hannover Re, explained that introducing event-based wordings to cyber insurance could open the doors to broader capital markets and ILS involvement.

Swiss Re’s reinsurance sidecar investment platform is on-track to deliver impressive returns for 2023, with loss activity seemingly attritional up to August and higher rates set to boost performance, Philipp Rüede, Head of Swiss Re’s Alternative Capital Partners (ACP) unit told us in a recent interview.

The retrocessional reinsurance market capital supply remains disciplined, which means capacity for retro protections is still not abundant and so this has been creating some difficulty for reinsurance firms that have relied on it in the past, Fitch Ratings has said.

Investment banking giant Goldman Sachs believes that investors are not fully appreciating how the changes to terms and conditions in property reinsurance will affect the outcome for reinsurers and other insurance-linked investments, feeling that the changes can drive strong additional returns for constituents.

Hudson Structured Capital Management, the reinsurance, insurtech and insurance-linked securities (ILS) and transportation focused asset manager, has sold its majority ownership stake in London-based specialty lines MGA and Lloyd’s Coverholder Occam Underwriting Limited, to Brown & Brown (Europe) Ltd.