Alternative reinsurance capital

Helping to boost reinsurance returns on equity (RoE), insured catastrophe losses have fallen to their lowest level seen since 2006 in the first-half of this year, according to broker Aon.

While price momentum continues to build in the Lloyd’s market, improvements in pricing seen in the reinsurance and insurance-linked securities (ILS) market are “more selective”, according to Hiscox CFO Aki Hussain.

Specialist Lloyd’s focused insurance and reinsurance player Beazley has reported its results for the first-half of the year, revealing dented underwriting profits due to continued impacts from catastrophes and loss creep, but much improved pricing that should flow through over the course of the year ahead.

Here are the ten most popular news articles, week ending 21st July 2019, 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.

Estera, a global provider of funds, corporate and trust services and an active service provider to the insurance-linked securities (ILS) and reinsurance markets, has been acquired and will combine with corporate administration and fiduciary service provider Ocorian.

U.S. primary insurer Allstate has again reported monthly catastrophe losses that were higher than analyst expectations, reporting $311 million of impacts during the month which took its second-quarter cat losses to $1.07 billion before tax.

Bermudian reinsurance firm and third-party capital manager RenaissanceRe has opted for another extension of maturity for the remaining insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle’s 2017 and 2018 issuances.

Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, has announced two senior promotions, naming a new Chief Operating Officer and Chief Financial Officer.

B3i, the insurance and reinsurance industry initiative that aims to create standardised systems for transacting in reinsurance using a distributed ledger, says that its catastrophe excess-of-loss (XOL) reinsurance placement system is finally ready to be released.

Registrations for new insurance and reinsurance vehicles that are related to catastrophe bonds and other insurance-linked securities (ILS) use-cases have risen slightly in the first-half of 2019.