Dutch headquartered life, pensions and annuities focused insurer Aegon has secured longevity reinsurance to cover a €7 billion of pensions from Reinsurance Group of America (RGA).

The catastrophe bond sector has become an integral part of the broader risk transfer industry, and according to Cedric Drui, CFA, Managing Director at Neuberger Berman, the cat bond market will see continued growth for years to come.

Broking group Aon appears to be expecting another large longevity swap deal to complete before the end of the year, forecasting today that 2021 longevity swap volumes will reach £15 billion.

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has experienced particularly strong growth in 2021, expanding the amount of risk transferred through its marketplace with $175 million of premium transacted this year.

American Family Mutual Insurance Company is aiming to upsize its latest issuance of a catastrophe bond, with the insurer now seeking $125 million of capital market backed, collateralised reinsurance from its new Four Lakes Re Ltd. (Series 2021-1) multi-peril cat bond issuance.

The recent outbreak of deadly tornadoes and damaging severe convective storms in the United States has been estimated as a roughly $3 billion insurance industry loss, by risk modeller Karen Clark & Company.

Insurance industry losses from natural catastrophe events are preliminarily estimated to reach $105 billion in 2021, according to global reinsurance firm Swiss Re.

Capacity to support aggregate retrocessional reinsurance renewals at 1/1 is “extremely scarce” according to analysts at KBW, who after a second day of meetings with Bermudian companies concluded that significant rate increases are going to be required for this segment of the market.