Alternative reinsurance capital

Recent merger and acquisition (M&A) transactions, including Markel Corporations planned acquisition of ILS specialist Nephila Capital, show that major re/insurers are increasingly keen to put capital markets capacity and ILS techniques to work in underwriting shorter-tailed primary lines of business.

Hiscox Re & ILS, the reinsurance and insurance-linked securities (ILS) division of global re/insurer Hiscox, has promoted Andrew Dolphin to the role of Chief Operating Officer, having previously worked in reinsurance buying and led the international business as Chair.

Specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has announced a new senior non-life analyst hire who will join the firm from Markel International.

Any doubts surrounding the durability of alternative structures have largely been put to bed after ILS’ response to 2017 events. And while there’s been no surprises so far in 2018, the ongoing maturation and evolution of the sector suggests investors won’t be completely decimated by losses.

The July flooding in Japan caused by extreme levels of rainfall has now resulted in almost $1.5 billion of insurance claims paid, according to the latest figures from the General Insurance Association of Japan (GIAJ).

The insurance and ultimately reinsurance market loss caused by the damage to and resulting production shutdowns of the Kwame Nkrumah FPSO (floating production, storage and offloading) vessel operating on the Jubilee oil field, Ghana continues to rise thanks to ongoing business interruption.

Here are the ten most popular news articles, week ending 23rd September 2018, 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 Lloyd’s market has put its investigations into the potential use of insurance-linked securities (ILS) to protect its Central Fund on-hold for the moment, according to CFO John Parry.

The Lloyd’s of London insurance and reinsurance market improved its result in the first-half of 2018 and underwriters in the market took advantage of rate rises following the 2017 catastrophes to increase the markets premiums written.

The insurance-linked securities (ILS) market and alternative reinsurance capital is forecast to take a greater share market of global reinsurance by 2020, suggesting continued expansion for capital market activity in the sector, according to respondents of our first global reinsurance market survey.