Insurance Linked Investments

Executives from Lloyd’s of London said today that they welcome and want to work with the UK Government’s new insurance-linked securities (ILS) regulatory and tax framework, but at the same time warn that the UK ILS regulation is actually likely to increase the price pressures that its market participants face.

The market should not expect any “significant changes” to the reinsurance business of Bermudian re/insurer XL Group after the acquisition by French giant AXA is completed, according to CEO of Reinsurance Charles Cooper in a letter to the firms broker community.

Paul Rayner, most recently with capital markets reinsurance brokerage unit GC Securities, has been hired by insurance sector investor Paraline Group, taking a seat on its board and being named as the new active underwriter for its Paraline Syndicate 4242 and SPA 6123.

If you thought that the Lloyd’s of London insurance and reinsurance market had changed in the last decade, it’s likely nothing compared to the change we will see over the coming years, as the world’s oldest re/insurance market accepts the fact its model has become unsustainable.

We’re delighted to announce that registration is now open and tickets are on sale for the third installment of our annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2018. The event will be held on July 12th 2018 at the Suntec Convention Centre, Singapore.

Welcome to the Artemis ILS New York 2018 post-conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ second event in the United States.

According to data from rating agency A.M. Best, the United States property & casualty insurance and reinsurance sector suffered a record level of losses from the 2017 catastrophe events, with insured losses of roughly $53 billion driving the sector to an underwriting loss of $23.5 billion for the year.

Insurance-linked securities (ILS), reinsurance and transportation investment manager, Hudson Structured Capital Management Ltd. has entered into a strategic relationship with reinsurer Everest Re that will see it invest across several Hudson funds as the pair co-operate on a number of fronts.

The world’s largest reinsurance firm Munich Re sees opportunities to scale-up its relationship with ILS and the capital markets as a way to secure efficient retrocession for its own book, to help its clients access investor-backed capacity and to earn fees by providing services to the ILS sector.

Bermudian insurance and reinsurance firm Arch Capital announced an interesting arrangement with the U.S. mortgage insurer Freddie Mac this week, which will position the re/insurer as an intermediary of sorts, channeling mortgage credit and insurance related risks back to a panel of reinsurance capital providers.