Alternative reinsurance capital

Articles discussing alternative reinsurance capital. Largely sources from third-party investors in the capital markets, alternative reinsurance capital is increasingly being leveraged by reinsurers as a cheaper cost source of risk transfer while for investors the access to reinsurance returns as an investment is growing in popularity.

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Mt. Logan Re AuM & cat bond assets shrank at 1/1 for Everest Re

Third-party reinsurance capital accounted for within reinsurer Everest Re's capital stack shrank at January 1st 2020, as assets under management in its Mt. Logan Re collateralized reinsurance sidecar-like vehicle shrank at year-end, while catastrophe bond maturities outweighed its renewals.Everest Re had been building an increasingly larger contribution from third-party reinsurance read the full article →

Best of Artemis, week ending 9th February 2020

Here are the ten most popular news articles, week ending 9th February 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.Ten most read the full article →

Retro to help SCOR manage any increase in typhoon Hagibis loss

French reinsurance firm SCOR reported EUR 343 million of natural catastrophe losses in the fourth-quarter of 2019, after taking into account any recoveries from retrocessional reinsurance and before tax, with typhoon Hagibis the main driver.In announcing the results of its reinsurance renewals in January yesterday, SCOR said that typhoon Hagibis read the full article →

Beazley’s third-party capital backed Smart Tracker premiums rise 330%

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriter, lifted the amount of premiums written within its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623 significantly in 2019.Beazley' SPA Syndicate 5623 was launched at the beginning of 2018  and saw the vehicle taking a 75% quota share read the full article →

Markel begins fronting insurance business for Nephila Capital

Markel Corporations relationship with its market-leading insurance-linked securities (ILS) fund manager Nephila Capital has deepened in recent months, as its insurance business began acting as a distributor for Nephila's capital, ceding catastrophe exposed insurance business to the manager.Markel acquired the largest manager of catastrophe and weather insurance and reinsurance linked read the full article →

Nephila drives Markel’s ILS operating revenues to $225.6m in 2019

Markel Corporation's operating revenues from its insurance-linked securities (ILS) businesses were up by 74% in the fourth-quarter of 2019, while the full-year saw ILS operating revenues hit $225.6 million, thanks to the contribution from Nephila Capital.Having acquired Nephila Capital in the fourth quarter of 2018, Markel Corporation had not yet read the full article →

RenRe raised $925m for ILS vehicles in Q4 and at Jan 2020 renewals

Bermuda-headquartered global reinsurance firm and third-party capital manager RenaissanceRe has revealed that it raised an impressive more than $925 million for its insurance-linked securities (ILS) and joint-venture vehicles Upsilon, Medici and Vermeer in recent months.The information comes as RenaissainceRe (RenRe) reported results that fell slightly below analysts expectations, on the read the full article →

Pioneer Underwriters to join with K2 Insurance Services LLC

Pioneer Underwriters, the specialist underwriting services organisation that looks to match its risks with various sources of capital, has agreed terms for a strategic transaction that will see it combine with specialty insurance services holding company, K2 Insurance Services LLC.Pioneer Underwriters had recently shuttered its Syndicate 1980 at Lloyd’s, saying read the full article →

Best of Artemis, week ending 2nd February 2020

Here are the ten most popular news articles, week ending 2nd February 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.Save the read the full article →

CEA’s reinsurance tower hits new $8.6bn high at January renewals

The California Earthquake Authority's (CEA) reinsurance program reached a new record size of almost $8.6 billion at the January 2020 renewals, with catastrophe bond and ILS sources still playing a key role.That's a reasonable increase from around $8.26 billion in December 2019, which suggests the CEA purchased more than $340 read the full article →