Insurance Linked Investments

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, is proceeding with plans for a collateralised legacy P&C risk sidecar vehicle, marketing an up to $500 million structure to investors, Artemis has learned.

Investments in non-catastrophe insurance-linked securities (ILS) can bring some significant benefits to investors, but for this market to develop in Asia, the region’s primary insurance market needs to evolve, according to industry experts.

To the reinsurance and insurance-linked securities (ILS) market, earthquake risk is one of the biggest peril threats in the world and one that the market can’t be complacent about, according to Paul Wilson, Head of Non-Life Analytics at Securis Investment Partners.

The Lloyd’s insurance and reinsurance market has put out a call for a coordinated effort to enhance the disaster resilience of developing and developed economies, by bringing together the re/insurance sector with investors and governments to create new financial solutions.

During the second-quarter, AXIS Capital, the Bermuda-based globally-active insurance and reinsurance company, ceded more than half of its catastrophe book to its third-party capital partners, according to the firms CEO Albert Benchimol.

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings, has raised capital around the mid-year at a similar level to the prior year.

Global insurance and reinsurance company Everest Re has reported a strong second-quarter of results, with its reinsurance book expanding almost 40% on a gross premium basis, but with catastrophe losses a little ahead of the prior year.

Broker Aon has reset its Executive Committee following the collapse of its acquisition of rival insurance and reinsurance broker Willis Towers Watson (WTW).

The Red Cross, working alongside insurance-linked securities (ILS) risk securitisation facilitator and risk transfer consultancy Replexus Group, is developing a solution to promote nature-based solutions to disaster risk, financed partly through the use of catastrophe bonds, as well as other humanitarian and development scenarios.

AXIS Capital, the Bermuda-based globally-active insurance and reinsurance company, has reported an increase to its fee income from third-party reinsurance capital management business during the second-quarter and for the first-half of this year.