Everest Re’s new and incoming CEO Juan C. Andrade sees a range of opportunities presented by current market conditions, among which are increased use of third-party reinsurance capital and also underwriting in the retrocession market.
Read the full article
In a market environment where reinsurance capital increasingly wants to be paid a higher return for the risks it takes on, there is a growing chance that primary insurance carriers look to the capital markets, insurance-linked securities (ILS) and alternatives, according to A.M. Best.
Read the full article
Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised.
Read the full article
Pioneer Underwriters, the specialist underwriting services organisation that looks to match its risks with various sources of capital, is to run-off its Syndicate 1980 at Lloyd’s saying that “the syndicate structure is no longer economically efficient when compared with its other capital arrangements.”
Read the full article
As AXA XL continues to support and develop the Ocean Risk Index, Andrew MacFarlane, Managing Director and Head of Pricing & Analytics for London & Bermuda, Reinsurance, explores the thinking behind the initiative and more specifically its use as a risk transfer tool, including the potential for a catastrophe bond type structure linked to resilience […]
Read the full article
The World Bank supported catastrophe bond that is in the market to secure risk transfer and disaster insurance protection for the Philippines has not upsized, with the IBRD CAR 123-124 transaction still aiming for $225 million.
Read the full article
Climate change and how it influences or affects global weather patterns and the frequency or severity of weather related natural catastrophe loss events, is “front and center” for investors right now, while the reinsurance industry in general is increasingly focused on the issue.
Read the full article
Ratings agency Moody’s Investors Service has highlighted the use of insurance-linked securities (ILS) structures as a way to secure mortgage reinsurance capacity from the capital markets as beneficial to mortgage insurers strategies.
Read the full article
Kinesis, the soon to be re-branded collateralised reinsurance offering of specialty insurance and reinsurance group Lancashire Holdings Limited, has been re-engineered in response to recent catastrophe activity and sees opportunities for 2020 given expectations on market conditions.
Read the full article
Terry Ledbetter, a founder and the Chairman and Chief Executive Officer (CEO) of Markel’s program services and fronting specialist State National, is stepping down to retire.
Read the full article
Catastrophe exposed property insurance rates in the United States are forecast to rise significantly in 2020, with underwriters of both loss free and loss impacted accounts likely to see rate increases of at least 10% and 30%, or even higher, in some cases.
Read the full article
French mutual insurance society Covéa Group said today that its successful sponsorship of a new €120 million Hexagon II Reinsurance DAC (Series 2019-1) catastrophe bond transaction has strengthened its access to global capital markets as a source of reinsurance.
Read the full article
Non-life insurance pricing is expected to continue to strengthen, as rising loss costs in both property catastrophe and U.S. casualty lines drive a need for increased profitability, according to Swiss Re.
Read the full article
Global insurance and reinsurance group Everest Re has ceded both increased premiums and losses to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the third-quarter of 2019.
Read the full article
