Alternative reinsurance capital

Here are the ten most popular news articles, week ending 14th 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.

The U.S. Internal Revenue Service and Department of the Treasury has published a new set of proposed regulations relating to passive foreign investment companies (PFICs), which are relevant to many in insurance and reinsurance, but have particular relevance to certain ILS and hedge fund reinsurer strategies it seems.

At the recent mid-year reinsurance renewals, insurance-linked securities (ILS) funds were seen to have become increasingly discerning, as they adopted a more differentiated approach to how they underwrote their portfolios.

At the end of the first-quarter of 2019, the amount of insurance-linked securities (ILS) and collateralized reinsurance collateral still trapped by recent catastrophe loss activity amounted to roughly $15 billion, according to broker Aon.

Alternative capital in the reinsurance market shrank by around 4% during the first-quarter of 2019, largely driven by the payment of losses in the collateralized reinsurance space as well as some investor redemptions, according to Aon.

Bermuda headquartered insurance and reinsurance specialist Arch Capital Group has hired Ed Jordan, who previously worked at Tokio Millennium Re with a focus on alternative capital, to the role of Portfolio Manager at its reinsurer Arch Re.

A number of syndicates operating at Lloyd’s have stepped up at the renewals of Florida catastrophe reinsurance to increase their share of program layers and ramp up line sizes, all at a time when the Corporation itself is maintaining a focus on minimising or moderating cat exposure across its marketplace members.

Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has continued to attract new investor capital in 2019, now reaching $1.7 billion of reinsurance and ILS in committed capital and assets under management.

California has been hit by a series of earthquakes with the two largest being the magnitude 6.4 quake that struck on Thursday and a more significant magnitude 7.1 on Friday, both of which struck the Ridgecrest City area of the state.

Here are the ten most popular news articles, week ending 7th 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.