Alternative reinsurance capital

The impacts to reinsurance and ILS players from the typhoon Jebi losses in Japan may still have a little further to run, as the escalation of the industry loss has hit fresh layers in reinsurance programs, we’ve learned.

As many as 2,000 policyholders of earthquake insurance coverage provided by the California Earthquake Authority (CEA) were exposed to yesterday’s magnitude 6.4 quake near Ridgecrest, California, but the event could have cost billions had it struck a more densely populated area.

Over the last couple of years, Property Claim Services (PCS) has innovated and evolved to offer an enhanced, client-centric global strategy designed to serve both existing and new client needs.

Reinsurance rate increases seen so far in 2019 are now expected to persist into 2020, according to analysts at Keefe, Bruyette & Woods (KBW), who believe that the increases are being driven by capital providers changing view of the risks they underwrite.

As reinsurance companies of the world hold their ground and push through increased rates for their products, as seen at recent renewals in Florida and beyond, insurers and protection buyers may increasingly look to find more cost-effective options raising interest in ILS, according to A.M. Best.

U.S. primary insurer Liberty Mutual has completed another transaction using its collateralized reinsurance sidecar vehicle Limestone Re Ltd., with a $240 million issuance featuring listed and privately placed sidecar notes.

A collaboration between Oxfam in Sri Lanka, insurance and reinsurance broker Aon and insurtech blockchain solutions provider Etherisc has delivered a parametric weather insurance product that will make automated payouts to smallholder farmers.

AXIS Capital, the global specialist re/insurer headquartered in Bermuda, has added another tranche of notes to its collateralised reinsurance sidecar vehicle Alturas Re Ltd., sponsoring a $39 million issuance, the third from the sidecar for 2019, we can reveal.

Here are the ten most popular news articles, week ending 30th June 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.

Retrocessional reinsurance buyers have been out testing the market in recent weeks, looking to see what coverage can be purchased and at what price.