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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Tremor launches weekly industry loss warranty (ILW) auctions

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, is launching weekly auctions of industry loss warranties (ILW's), with which it hopes to add efficiency to the process of ILW trading.Tremor noted the challenges currently being faced in the traditional insurance and reinsurance market due tot he Covid-19 coronavirus read the full article →

Oxbridge Re’s sidecar on track to deliver ~40% returns to investors

Investors in Oxbridge Re NS Ltd., the fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd., are currently on track to earn a very healthy roughly 40% return for the current underwriting year.As we explained towards the end of 2019, the Oxbridge Re NS read the full article →

Best of Artemis, week ending 22nd March 2020

Here are the ten most popular news articles, week ending 22nd March 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 →

$18.3m Asagao II private cat bond issued by Aon’s White Rock

A new approximately $18.3 million Asagao II Japanese private catastrophe bond transaction has come to market using the Aon Insurance Managers operated segregated accounts company White Rock Insurance SAC.The transaction is the second Asagao private catastrophe bond to be issued using insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 read the full article →

Time for reinsurance & ILS to embrace electronic trading & transfer of risks

As the reinsurance and insurance-linked securities (ILS) community adapts to full remote operations and working from home, this industry that has thrived on face-to-face contact now needs to rapidly embrace the electronic trading and risk transfer tools that are available to it.In these uncertain and challenging times, as the Covid-19 read the full article →

Japan typhoon Faxai, Hagibis & rainfall claims rise 35% to $9.2bn: GIAJ

Japanese domestic insurers have now paid out roughly US $9.2 billion in claims related to typhoon Faxai, typhoon Hagibis and the heavy rainfall event that closely followed these storms, which is an increase of 35% on figures released in December by the General Insurance Association of Japan (GIAJ).In its latest read the full article →

EXIM Bank to expand reinsurance use, looks to capital markets

The Export-Import Bank of the United States (EXIM), the official export credit agency of the U.S. and a provider of trade credit insurance, financing, loans and guarantees, is looking to expand on its use of reinsurance risk transfer and is also looking to what the capital markets can offer in read the full article →

Salt Lake City area hit by M5.7 earthquake, damage reported

A magnitude 5.7 earthquake has struck the Salt Lake City area of Utah, U.S., the largest quake to hit the area in 28 years and big enough to cause some damage to buildings in Magna, West Valley City and Salt Lake City itself.The state of Utah is not a region read the full article →

Typhoon Hagibis loss development better than feared: Analysts

According to analysts, loss development from last year's Japanese typhoon Hagibis is not following the same path as 2018's Jebi, with the current prognosis being that development is much better than feared.After the industry-wide experience with 2018's typhoon Jebi and the resulting slow, creeping loss development, the insurance, reinsurance and read the full article →

Property firming to persist. Reinsurance rates & loss creep a driver: AmWINS

Property insurance rates are expected to continue hardening through 2020 and into 2021 by AmWINS, as the company believes reinsurance pricing and loss creep have become key drivers, while capacity is not yet showing a sign of returning in abundance to dampen the momentum.The market continues to move in a read the full article →