Reinsurance News

CCR Re, the French state-owned reinsurance firm, has renewed its 157 Re collateralised reinsurance sidecar vehicle for 2021 at an unspecified size.

After Friday’s ruling from the UK Supreme Court found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals, insurance carriers RSA Group and QBE, have said that at least a portion of the increase in gross pandemic losses due to the ruling are likely to be […]

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, has renewed its collateralised reinsurance sidecar vehicle Lion Rock Re Ltd. for the third year in succession.

London Bridge Risk PCC Limited, the newly established insurance-linked securities (ILS) vehicle sponsored by Lloyd’s, will “reduce the frictional costs and time” required for ILS investors to access the returns of the insurance and reinsurance market, law firm Clifford Chance has said.

Hiscox Group, the insurance, reinsurance and third-party capital backed underwriter headquartered in Bermuda, is again the first to release a statement following this morning’s announcement that the UK Supreme Court found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals.

The UK Supreme Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals.

Reinsurance and also retrocessional exposure to the COVID-19 pandemic may rise if the final judgement in the UK Financial Conduct Authority’s (FCA)’s business interruption insurance test case goes against the industry.

For Lloyd’s, it’s important to “learn how to walk” first, as it gets up to speed with the new route for channelling investor funds to members of the market through its now approved multi-arrangement UK Insurance Special Purpose Vehicle (iSPV) before thinking about expanding the structures remit, according to CFO Burkhard Keese.

Convex Group, the specialty insurance and reinsurance company founded by Stephen Catlin, has lifted its committed capital once again, with the total now reaching $3.2 billion.

The approval and launch of Lloyd’s of London’s first insurance-linked securities (ILS) structure under the UK ILS regulations that came into force in late 2017 “reaffirms the ILS potential of the London Market”, according to Horseshoe CEO Andre Perez.