The potential market gap left by the surge of merger and acquisition (M&A) activity in the global reinsurance sector presents opportunities for start-ups in Bermuda and other risk transfer domiciles, but some industry experts have questioned if bigger is actually better.
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RLI Corporation, a traditional specialty insurance and reinsurance company, has set the tone as the first to report in the second quarter results season, citing the “significant competitive pressure” in catastrophe exposed business lines.
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An accusation often leveled at investors in insurance-linked securities (ILS) is that they are “hot money,” in other words capital that is prone to flight and could exit the reinsurance market at any point, due to losses suffered or because there are better returns to be found.
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The market for insurance-linked securities (ILS) and catastrophe bonds lost some of its recent momentum in the first-half of 2015, with a decrease in the number of new cat bond sponsors and the emergence of a pricing floor largely responsible, according to Munich Re.
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Italian investment holding company EXOR S.p.A. has again enhanced its offer for reinsurance firm PartnerRe, this time with a special dividend for common shareholders, as EXOR seeks to put the deal out of reach of the re/insurance merger transaction with AXIS Capital.
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Heritage Property & Casualty Insurance, a subsidiary of Heritage Insurance Holdings, Inc., has put in its applications to extend its operations beyond Florida into four new states, as the property focused insurer looks to expand and diversify.
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The pioneering structure and model of Swiss Re’s 2010 Kortis Capital Ltd. longevity-linked insurance-linked securities (ILS) lays the foundation for successfully transferring longevity risks to the capital markets, according to research by the Pensions Institute at Cass Business School.
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In a reinsurance sector loaded with traditional and alternative sources of capital and competition, the search for relevance is at the forefront of discussions, and the resulting merger and acquisition (M&A) activity looks set to change the fundamental operating environment of the sector.
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Here are the ten most popular news articles, week ending 19th July 2015, 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.
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The CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is investigating a magnitude 6.5 earthquake which struck near the Lesser Antilles islands in the Caribbean, with Barbados being the closest to the epicenter.
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The enhanced terms announced yesterday by reinsurance firm PartnerRe and insurer and reinsurer AXIS Capital continue to “weaken the thesis and rationale” behind the original merger announcement, according to analysts at Macquarie Research.
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The Pylon II Capital Ltd. catastrophe bond that was issued in 2011 on behalf of ultimate sponsor energy firm Électricité De France (EDF), is to be redeemed early as at the latest reset the trigger levels had decreased.
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Despite reports of a relatively active start to the Pacific Tropical Cyclone season, Guy Carpenter’s Asia-Pacific Climate Impact Centre (GCACIC) has predicted slightly below-average cyclone formations and landfalls for the current season.
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Petra Haven Capital LLC has won a sub-advisory mandate for insurance-linked securities (ILS) investments from Verity Asset Management, Inc., a Durham, North Carolina based asset manager and registered investment adviser.
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