Reinsurance News

Distributions from its relationship with reinsurance linked investment and insurance linked securities (ILS) manager Aeolus Capital Management Ltd. have again bulked up Allied World’s operating cash flow, but the re/insurer is set to reduce its commitment to the partnership in 2016.

Kiskadee Investment Managers, the insurance-linked securities (ILS) fund and reinsurance linked investment strategies unit of Hiscox Re, has more than doubled its assets under management during 2015 to near $850m of ILS assets managed at the January renewals.

French reinsurance firm SCOR reported its January 2016 renewal results this morning, citing its ability to “dampen” the competitive pressures from ILS and alternative capital, enabling it to achieve “quasi-stable” profits in a difficult market.

Reinsurer Hannover Re increased the size of its K-Cession quota share reinsurance and whole account excess of loss transactions for 2016 by $150m, reflecting the availability of attractively priced capital for retrocession.

International law firm Appleby’s Bermuda office acted on more than two-thirds of the island’s insurance-linked securities (ILS) transactions during 2015, including traditional catastrophe bonds and a significant volume of collateralised reinsurance deals.

After constant declines in commercial P&C rates through the final months of last year 2016 has seen the trend continue, with MarketScout reporting average declines across the U.S. commercial P&C sector of 4% in January.

Here are the ten most popular news articles, week ending 7th February 2016, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

Bermuda domiciled reinsurance firm and third-party or ILS capital manager RenaissanceRe (RenRe) significantly pulled back by 40% on assumed retrocession during the fourth quarter of 2015, and also shrank its Upsilon Fund.

The efficient capacity and capital market structures of the insurance-linked securities (ILS) market have the potential to benefit the entire insurance value chain, from end consumer through to investor, according to Deloitte.

After a number of renewals where the world’s insurance companies have been carefully managing their retentions, increasing them in many cases, there are signs and reasons to be more cheerful as reinsurance capital is once again rising up the agenda.