Reinsurance News

VisionFund, the financial inclusion arm of World Vision, working alongside with Global Parametrics and co-financed by the InsuResilience Solutions Fund, will design a two-peril parametric meso-insurance product for World Vision offices in Bolivia, Brazil, Colombia and Peru, as part of the wider Amazon Basin Initiative.

In a recent report, Moody’s Ratings highlights how the economics of catastrophe bonds and insurance-linked securities change over time, driven by the softening global reinsurance market cycle. The end-result is more risk being assumed for less return, but as long as ILS manager’s maintain discipline, there is no cause for concern at this stage.

Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, has said that third-party capital is certainly part of the reinsurer’s strategy, describing it as more than just complementary capacity, whilst also adding that it is creating opportunities for Hannover Re.

African Risk Capacity Ltd., the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has promoted Jackline Muthengi to Chief Underwriting Officer (CUO).

While both the insurance-linked securities (ILS) and parametric markets remain nascent in parts of Asia-Pacific compared to other regions, the potential to expand is clear, leading broker Marsh Re’s APAC Chief Executive Officer (CEO), Tony Gallagher, to forecast that these markets will build out.

Hannover Re Capital Partners, the Bermuda-based insurance-linked securities (ILS) platform established by global reinsurance firm Hannover Re, is continuing to expand its activities on the island, with new fund infrastructure established to support ILS investment options for clients.

The North America commercial property insurance market has experienced its sharpest decline in rates a decade, according to broker Willis, with wide-spread double-digit price reductions for clients as the soft market ensues and “the multi-year hard market fully reverses.”

Further expansion in the ILS market doesn’t necessarily require venturing beyond property catastrophe risk, according to LGT ILS Partners’ Hilary Paul, who recently highlighted to Artemis, that because traditional reinsurers still hold the vast majority of global catastrophe exposure, directing capital market capacity toward extreme tail risks can complement traditional balance sheets without adding counterparty […]

Analysts at investment bank Jefferies have brought insurer Generali’s aggregate reinsurance protection into focus, saying that losses from catastrophes and weather events in Europe could drive the insurer to make reinsurance recoveries from its aggregate protection this year, given the restructuring of the coverage for 2026.

Global insurance giant Allianz may be planning a new iteration of its Sconset Re life reinsurance sidecar vehicle, with new entities that align with that structures name having been pre-registered in Bermuda, sources have explained.