Alternative reinsurance capital

Alternative reinsurance capital and insurance-linked securities (ILS) capacity growth is expected to resume once a number of recently experienced bumps have been smoother over, according to Standard & Poor’s.

Reinsurance market pricing is firming up slightly more than had been expected, while reinsurance market forces also suggest that the rate rises seen so far can hold, according to Berenberg’s analysts.

Singapore’s initiative to develop a market for insurance-linked securities (ILS) such as catastrophe bonds within the country is seen as part of a wider goal to help build resiliency against natural catastrophes in Asia, according to the country’s Deputy Prime Minister.

Pioneer Underwriters has announced the hiring of Andrew Souter, previously of Willis Re, as the firms new Head of Capital, giving him a role with responsibility for reinsurance and developing the group’s alternative capital strategy.

The global reinsurance sector remains very well-capitalised as the 2019 Atlantic hurricane season begins and this is despite the fact the insurance-linked securities (ILS) market did not attract significant fresh inflows, according to Moody’s.

Insured natural catastrophe losses have aggregated to over $240 billion across the last two years and the way the losses hit and built up has ended up being more impactful to alternative capital than traditional reinsurance, Aon notes.

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has priced a $750 million issuance of preferred shares, the proceeds of which are set to partially fund deal commitments to its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle.

Here are the ten most popular news articles, week ending 9th 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.

While other jurisdictions are increasingly keen to realise the benefits of facilitating ILS transactions, regulatory oversight and institutions have helped Bermuda maintain its place as the leading domicile for the asset class.

Reported claims figures for the typhoons and extreme rainfall event that struck Japan last year have risen significantly, with the latest figures from the General Insurance Association of Japan (GIAJ) totalling over US $14.5 billion.