Alternative reinsurance capital

Global reinsurance giant Munich Re has now completed the issuance of a first set of notes from its fully collateralized reinsurance sidecar vehicle Eden Re II Ltd. for this January renewal season, with a $55.1 million tranche of Series 2021-1 notes sold to investors.

The alternative reinsurance capital and insurance-linked securities (ILS) sector may return to growth in 2021, but it may be slower than some expect, according to analysts at RBC Capital Markets.

The latest catastrophe risk stress testing analysis by the Bermuda Monetary Authority (BMA), of its property and casualty insurance and reinsurance market, shows up some interesting trends in the use of specific types of hedging, reinsurance and retrocession arrangements.

Brazil has now published its awaited rules on insurance-linked securities (ILS) issuance and special purpose reinsurance vehicles, which are due to come into force from January 4th 2021 bringing domestic ILS capabilities to its marketplace.

This roundtable discussion was convened by specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum Investments and moderated by Artemis in December 2020.

The Association of Bermuda Insurers and Reinsurers (ABIR) has announced new members for 2021 coming from across the spectrum of reinsurance and third-party capital or ILS fund management.

Swiss Re, the global reinsurance company, has registered a special purpose insurer (SPI) in Bermuda which will presumably act as an underwriting vehicle for its recently established dedicated ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd.

The insurance-linked securities (ILS), or alternative reinsurance capital market, is “more likely to grow than shrink” over the coming year, as the shake out of recent years moderates, according to equity analysts from investment bank Credit Suisse.

Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, has now exceed $1 billion of limit placed, after it completed a renewal placement of W. R. Berkley’s property catastrophe reinsurance tower.

Here are the ten most popular news articles, week ending 20th December 2020, 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.