Alternative reinsurance capital

The insurance-linked securities (ILS) marketplace could put itself at risk of a potentially damaging “credibility gap” if it over promises on environmental, social and governance (ESG) alignment, Synpulse Management Consulting has warned.

Here are the ten most popular news articles, week ending 21st February 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.

Hong Kong headquartered global reinsurer Peak Reinsurance Company Limited (Peak Re) has now revealed that it successfully renewed its Lion Rock Re fully collateralised reinsurance sidecar at a larger size of $107 million for 2021.

The Aon and Willis Towers Watson (WTW) merger will “significantly lessen competition” in the supply of commercial risk, reinsurance and employee benefits broking, the Australian Competition & Consumer Commission is concerned.

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, saw another healthy quarter of management fee income from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle in Q4 2020.

Given the growth in assets under management at global insurance and reinsurance underwriter Everest Re’s dedicated Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, executives from Everest discussed the benefits of the strategy to the parent firm yesterday.

Gabriel Bernardino, the soon to retire Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the capital markets role in delivering catastrophe insurance that has fewer protection gaps.

The insurance-linked securities (ILS) market has never stood still during its relatively young, approximately 25 year history. But it’s clear that the ILS industry is acutely focused on delivering more evolutionary change and progress at this time, with the next-generation of ILS risk transfer and investment opportunities already in development.

Insurance-linked securities (ILS) market participants, as well as wider insurance and reinsurance related interests, are increasingly focused on environmental, social and governance (ESG) issues and embracing positive ESG principles and processes within their business models.

The arrival of the global pandemic shone a light on the fragility of the infrastructure that supports small and medium sized enterprises (SMEs) across the world, but with the use of artificial intelligence (AI) and machine learning, there’s an opportunity waiting to be unlocked, according to OTT Risk’s Chamath Palihapitiya.