Reinsurance News

Three factors are set to continue to drive the growth of the insurance-linked securities (ILS) market, the increasing institutional familiarity with the product, the correlation story continuing to be proved out and the best reinsurance market conditions in years, according to Stephan Ruoff, Schroders Capital’s Head of ILS.

While some in the insurance-linked securities (ILS) market are targeting higher risk and return opportunities, or an expansion into non-catastrophe lines of business, Michael Stahel of LGT ILS Partners believes now is the time to double-down on more remote layers of natural catastrophe risk, where the insurance and reinsurance industry benefits significantly from the capital […]

Envelop Risk, a cyber underwriting company with a data-driven approach, has announced the launch of a Capital Markets unit, as it looks to partner with insurance-linked securities (ILS) funds alongside its own reinsurance vehicle.

Gallagher Re, the reinsurance arm of the Gallagher broking group, has announced the hiring of senior meteorologist Steve Bowen from rival Aon, as it builds-out its scientific arm.

The insurance and reinsurance industry loss from the severe flooding that struck eastern regions of Australia in February and March 2022 has now been hiked significantly by PERILS AG, with its latest loss estimate now pegging the event at nearly AU $6.3 billion (roughly US $4.33bn).

Japanese fire insurance premiums, which are the prevalent type of homeowner and commercial insurance policy in the country, are likely to rise as insurers grapple with rising climate risks and the fallout of natural catastrophe losses, according to Moody’s.

Speaking in Monte Carlo today, senior executives of Swiss Re discussed the cyber reinsurance market and said while they are cautious and currently don’t see it suiting the capital markets appetite right now, they are working on ways to develop cyber risk transfer options that could be transferred to ILS investors.

In working with third-party capital investors, Vantage Risk Ltd., the almost two year’s old Bermuda headquartered insurance and reinsurance company, sees it as important to help mitigate challenges investors have faced with traditional ILS products.

Leaders at Lockton Re, the reinsurance arm of the global broker, have said they are expecting additional third party capital players to enter the space next year, who may have been watching the market develop from the sidelines in recent years.

After a banner year for its insurance-linked securities (ILS) business in 2021, large European reinsurer Hannover Re says that market volumes in 2022 appear to be holding steady as the firm forecasts market growth going forwards.