Reinsurance News

Voussoir Re Ltd., the Bermuda-based collateralized reinsurance sidecar style special purpose insurance (SPI) vehicle of Arch Capital, has issued new Series 2021-9 shares, showing the sponsor continuing to use this structure to partner with capital market investors.

The global reinsurance market outlook remains stable, thanks to positive pricing momentum, improved market discipline and rising demand, according to rating agency AM Best.

There have been £12 billion worth of longevity swaps in the UK pension risk transfer market in 2021, with total risk transfer including bulk annuity buy-in and out deals expected to reach £40 billion for the year.

William Spiegel, Executive Group Chairman of Randall & Quilter (R&Q) Investment Holdings, said this morning that insurance-linked securities (ILS) markets are a target for the firms growing program management business.

Property catastrophe reinsurance rates are forecast to rise by more than 10% at the upcoming January 2022 renewal season, according to rating agency Fitch.

Gallagher Re looks set to win a major new reinsurance broking client thanks to its acquisition of Willis Re, as the Texas Windstorm Insurance Association (TWIA’s) Actuarial & Underwriting Committee continues to make the recommendation for a change.

Bermuda based insurance and reinsurance focused software house Treefrog Consulting Ltd. has announced enhancements to its ILS and reinsurance deal pricing and roll-up platform Foundation, improving the way it deals with catastrophe bonds and adding new real-time portfolio analytics.

Arthur J. Gallagher (AJG) has taken ownership of another private catastrophe bond issuance platform and insurance-linked securities (ILS) transformer vehicle, with the previously Willis Towers Watson owned Resilience Re Ltd. passing across to the company as part of its recently completed acquisition of Willis Re’s treaty reinsurance operations.

Bermuda headquartered ILS fund and reinsurance linked investment manager ILS Capital Management has further increased its stake in Helios Underwriting, the Lloyd’s of London focused investment and underwriting vehicle, with an additional share purchase.

Reducing or controlling exposure to catastrophe risks is seen as the most important driver of reinsurance buying decisions for the January 2022 renewal season, according to hundreds of respondents to our recent market survey.