Reinsurance News

The casualty insurance-linked securities (ILS) market has been growing and PwC highlighted this at events in Monte Carlo at the Rendez-Vous this week, saying that it is an area for the legacy reinsurance and ILS sectors to collaborate.

Even without any major catastrophe loss events over the rest of the year, Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners Ltd., is not expecting a significant shift in premium from current price levels and notes the company will strategically shift capacity between areas of the market to source the best deal opportunities […]

Over the next year, reinsurance buyers have expressed a strong preference for catastrophe bonds when it comes to utilising alternative capital, while sidecars are also expected to see much more elevated demand, the latest survey by Moody’s Ratings shows.

Dean Klisura, the President and CEO of Guy Carpenter has explained that the market is well capitalised and this is accelerating, while reinsurers remain open and motivated to do business.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reached a significant milestone in the development of its reinsurance investment franchise, hitting the $10 billion mark in assets under management (AUM), Artemis has learned.

Global reinsurance company Hannover Re said today at the Monte Carlo Rendez-Vous event that innovation remains on the agenda even while demand for traditional reinsurance remains high, citing examples of parametric risk transfer and its recent cloud outage cyber catastrophe bond.

Global reinsurance giant Swiss Re is expecting continued rising demand for coverage of natural catastrophe risks, as the volatile environment is likely to result in increased use of insurance and reinsurance protection to manage risk.

In order to avoid disappointing investors and guarantee continued access to capital, the reinsurance and insurance-linked securities (ILS) industry needs to escape the market-cycle mindset and deal with the biggest threat it faces, which is inertia, according to Chris McKeown of Vantage Risk.

The outstanding market for collateralized reinsurance sidecar structures has reached a new record high of $10 billion in 2024, which represents roughly 40% growth on the prior year, Aon Securities estimates.

According to reinsurance broker Guy Carpenter’s Global Specialties division, there is an expectation more non-marine retrocessional capital and capacity comes to market through the end of year, which could impact supply-demand dynamics and cost of coverage.