Alternative reinsurance capital

While capital has become more abundant, fungible and cheaper as a result over the last decade, it remains important as the “entry ticket” to the world of insurance and reinsurance, but it is no longer the main value proposition, Swiss Re CEO Christian Mumenthaler said today.

Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration, insurance-linked securities (ILS) specialist, has announced a new hire, appointing Jasmine DeSilva as Senior Vice President, ILS Strategic Initiatives & Business Development.

Everest Re is aiming to expand its access to third-party and alternative sources of reinsurance capital, with growth of its Mt. Logan Re sidecar-like structure seen as a key strategic opportunity, according to its CEO.

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by Reinsurance Group of America (RGA) in partnership with RenaissanceRe (RenRe), has promoted its Chief Operating Officer and General Counsel  Andrew Markus to become Chief Executive Officer (CEO), Bermuda.

Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher.

According to a report, insurance and reinsurance giant Aon and its acquisition target Willis Towers Watson (WTW) were both “surprised” by the US Department of Justice (DoJ) filing a lawsuit to try and block their merger.

Here are the ten most popular news articles, week ending 20th June 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.

After the US Department of Justice (DOJ) decided to sue in an attempt to block Aon’s acquisition of broking rival Willis Towers Watson (WTW), analysts at KBW said that rather than abandoning the merger, Aon is more likely to offer additional divestitures.

Reports that the US Department of Justice (DOJ) might not challenge Aon’s acquisition of rival Willis Towers Watson (WTW) have turned out to be completely false, as the DOJ has now sued to block the merger, saying it would create a “broking behemoth” and stifle competition.

Major insurance and reinsurance companies that had been pulling-back on peak US wind over recent years are being seen to stabilise their exposures in reaction to the higher-priced opportunity coastal risk presents, according to analysts and our sources.