Alternative reinsurance capital

Here are the ten most popular news articles, week ending September 29th 2024, 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.

China is aiming to strengthen its insurance system, with a particular focus on the impacts of weather and natural disasters and its State Council, a key ruling body, has cited catastrophe bonds again, as one measure that can assist.

Here are the ten most popular news articles, week ending September 22nd 2024, 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.

Speaking during the last RenaissanceRe earnings call, CEO Kevin O’Donnell explained that he believes the reset achieved in property catastrophe pricing is proving to be persistent.

Alternative capital has become an important part of the reinsurance industry’s capital structure, according to Urs Baertschi, CEO of P&C Reinsurance at Swiss Re.

The evolution of investor’s and capital’s view of opportunities in the insurance-linked securities (ILS) space has been particularly rapid over the last couple of years and Chris McKeown of Vantage Risk believes collateralized reinsurance opportunities and new lines of business are increasingly of interest.

For traditional reinsurers, scale and the ability to provide a broad and comprehensive offering has become more critical and with little interest in starting new companies in the space, the global reinsurance industry is consolidating organically, rating agency AM Best believes.

The DaVinci Re joint-venture sidecar-like but equity-backed structure stands-out for the strongest growth in third-party capital among the vehicles managed by RenaissanceRe’s Capital Partners division, which had $7.15 billion in third-party investor assets under management at the mid-way point of 2024.

The first insurance-linked securities (ILS) structure under Brazil’s regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk, could be named Andrina Seguros and sponsored by local reinsurance company IRB RE, according to a report.

The life reinsurance industry in Bermuda has embraced the use of third-party capital structures and investor relationships, with sidecars now an established and growing feature of the market, Damian Cooper of PwC Bermuda explained in a recent video interview.