Reinsurance News

With the great and good of the reinsurance and insurance-linked securities (ILS) industry descending on Monte Carlo for the 63rd edition of the Reinsurance Rendez-Vous de Septembre event, we thought those travelling here may like some reading  material and thoughts on topics for discussion at the event.

Markel Corporation has revealed its awaited new retrocessional reinsurance ILS fund management unit, which is based in Bermuda and called Lodgepine Capital Management Limited.

While insurance resilience against catastrophes, mortality and healthcare related risks has been rising, a record sized protection gap remains, according to insight from global reinsurance firm Swiss Re.

AXA XL has announced a number of senior reinsurance leadership appointments and changes, as it seeks to simplify its structure around key markets and its strategy.

Hurricane Dorian is estimated to have caused an insurance industry loss in a range from $1.5 billion to as much as $3 billion from its impacts to the Caribbean islands, according to AIR Worldwide.

Insurance-linked securities (ILS) market growth over the coming years hinges on the ability of ILS funds and managers to demonstrate they can recover from recent catastrophe losses and adapt their business models to better cope with future ones.

Insurance and reinsurance broking powerhouse Aon has made a senior hire from the insurance-linked securities (ILS) market, hiring Neville Weston who was previously with ILS manager Aeolus Capital Management Ltd.

Hurricane Dorian’s category 5 winds and devastating storm surge are expected to result in combined insurance and economic costs of at least $7 billion, according to an estimate from Karen Clark & Company.

The African Risk Capacity (ARC) is set to pay the Government of Senegal $22 million after drought triggered the countries parametric insurance policy.

Rate firming across insurance and reinsurance markets could persist for the “next three to four years” the CEO of Convex Group told the Financial Times.