Reinsurance News

MS Amlin, the Lloyd’s global re/insurer has appointed former Nephila executive and insurance-linked securities (ILS) expert Darren Toh as a Senior Underwriter within its Asia Pacific division, as the company continues to expand its presence and invest in strategic growth across the region.

Nascent Group, a Bermuda headquartered insurance management, ILS servicing and reinsurance transformer specialist, has expanded its actuarial servicing capabilities by making a strategic investment into Sephira Risk Solutions Ltd., an actuarial consultancy founded by former EY executive Andy Smyth.

Abundant insurance and reinsurance capital means carriers and brokers can pursue “bold, client focused solutions” with both parties finding the current environment “energizing”, according to broker Willis (WTW).

There is a growing opportunity for further use of catastrophe bonds and insurance-linked securities (ILS) in Latin America, with Brazil’s first ILS deal recently setting a positive example, Fitch Ratings has explained.

As the insurance-linked securities (ILS) market continues to grow, its role in addressing the widening protection gap is coming into sharper focus, with Holly Turner, Climate Specialist at Schroders Capital, suggesting that every ILS transaction can help address this goal.

The Texas Windstorm Insurance Association (TWIA) is now projecting that the amount of reinsurance and catastrophe bonds it may require for the 2026 wind season could be roughly 46% lower than this year’s program, with $2.3 billion of limit the current forecast.

AM Best has updated its rating outlooks for RenaissanceRe and its subsidiaries, now seeing the reinsurance firm’s prospects as positive, rather than stable, citing improved performance, a more balanced business due to diversification, and of course the firm’s ability to attract third-party capital through joint-ventures and ILS partnerships.

Aon, the global professional services, insurance and reinsurance broking firm, has announced that Anshuman Srivastava has been appointed to the role of Reinsurance global chief broking officer.

Willis, a business of broking group WTW, has launched a unique parametric insurance policy, designed in collaboration with Swiss Re Corporate Solutions, who will act as the insurer, which is introduced when a red weather warning is issued by the UK Met Office or Met Éireann, the Irish National Meteorological Service.

Augment Risk, the risk capital and reinsurance solutions broking firm, has teamed with Cohen & Company, an asset management specialist, to launch a casualty insurance-linked securities (ILS) facility.