Alternative reinsurance capital

Vesttoo, the insurtech that uses proprietary artificial intelligence and machine learning to help companies assess and transfer risks to the capital markets, has announced a new hire to help drive its Insurance-Linked Program (ILP) in Faraz Khan, who most recently worked in ILS and retrocession at reinsurance firm Swiss Re.

Deployable capital in the insurance-linked securities (ILS) market declined at the end of 2021 as the January 2022 reinsurance renewals approached, which resulted in some ILS investment managers making use of financing arrangements, we’re told.

At the January 2022 reinsurance renewals, some buyers of protection were left surprised after insurance-linked securities (ILS) fund capacity proved to be even less abundant than previously assumed, according to James Vickers, Chairman International, Reinsurance at Gallagher Re.

Alternative reinsurance capital levels in the global industry grew 3.7% over the course of 2021, outpacing the 2.7% growth of traditional reinsurance industry capital, according to the latest estimate from broker Guy Carpenter and rating agency AM Best.

Here are the ten most popular news articles, week ending January 2nd 2022, 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 or get our email alerts for every article we publish.

Insurance origination and distribution specialist Amwins has highlighted how unusual the hard market in property risks is at this time, especially for catastrophe exposed properties, as rather than a lack of capital driving rates higher, it is risk aversion that is driving harder rates.

Velocity Risk Underwriters LLC, the managing general agency (MGA) operation established by reinsurance, catastrophe, climate and weather risk-linked investment manager Nephila Capital, has been acquired by funds managed by Oaktree Capital Management, L.P.

Here are the ten most popular news articles, week ending December 26th 2021, 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 or get our email alerts for every article we publish.

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance underwriter, has announced a range of changes to its senior leadership across underwriting, reinsurance and its Bermuda operation, including adding a new Group CUO role.

Aon Securities, the insurance-linked securities (ILS), catastrophe bond and capital markets of the insurance and reinsurance broker, has announced the hiring of Richard Pennay as Head of ILS, who most recently worked at ILS investment fund manager Merion Square Capital LLC.