Reinsurance News

Brian Duperreault, the CEO of insurance giant AIG, discussed the state of his company, the progress he is making in his mission to turn it around and the market forces seen today, in a speech in Monte Carlo yesterday.

Insurance and reinsurance firms should not take it for granted that capital will flow into the industry in the aftermath of another major loss, thinks Frank Majors, co-founder and principal of Nephila Capital.

The market should expect more mergers and acquisitions (M&) activity surrounding ILS funds or entities as re/insurers look to harness the capital markets, while at the same time efforts to bring the capital markets further along the value-chain are seen as “intelligent”, according to Aon executives.

At this time of year, as peak-conference season begins, the market tends to reflect on conditions and the drivers setting up dynamics for year-end and beyond.

The insurance-linked securities (ILS) market could ultimately bear as much as $18 billion of the industry loss from the 2017 hurricane events, according to rating agency A.M. Best.

Tullett Prebon, a leading electronic and voice interdealer broker and part of the TP ICAP group, has launched a new issuance and trading platform for what it has termed Insurance Linked Notes, initially featuring catastrophe industry-loss instruments that will be fully-securitised to have the benefits of secondary liquidity.

Typhoon Jebi’s impacts on Japan are expected to result in a loss to the insurance industry of up to $4.5 billion by catastrophe risk modeller AIR Worldwide, an amount which has the potential to cause some impacts to reinsurance interests.

A series of groundbreaking catastrophe bonds covering new perils and indemnifying new sponsors have been well received by investors, according to Shiv Kumar, president and global leader of GC Securities, Capital Markets

Munich Re, the largest reinsurance company in the world, has said it would welcome capital markets support in providing capacity for cyber accumulations risks.

Aon’s Reinsurance Solutions division has launched a new Capital Advisory team led by Eric Paire, as it recognises the need to deliver on capital optimisation for its clients.