Alternative reinsurance capital

Independent insurance and reinsurance broking group BMS Group has announced the hiring of Andras Bohm from Swiss Re as its new head of U.S. Capital Advisory and the CEO of BMS Capital Advisory, Inc.

Reinsurance rates and pricing are forecast to “remain harder for longer” in the current elevated interest rate environment, with a reduced supply of alternative capital expected to continue to be a driver, as institutional investors such as pension funds continue managing their allocation limits, analysts at investment bank Berenberg have said.

Here are the ten most popular news articles, week ending October 15th 2023, 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 Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of insurtech Vesttoo has now filed a request with the court to allow them to conduct legal discovery on insurance and reinsurance broking group Aon and certain related entities that have been exposed to the letter of credit fraud issues.

Bermuda continues to be the world-leading insurance-linked securities (ILS) domicile, with the vast majority of the catastrophe bond market and a significant proportion of the rest of the ILS market, domiciled or serviced on the island, while its industry continues to drive forwards reinsurance and capital markets Convergence.

Inver Re, the reinsurance broking arm of the Ardonagh Group, has hired experienced capital markets executive Mark Shumway as its new Head of Advisory.

Analysis undertaken by ALIRT Insurance Research shows that almost 20% of the total letter of credit (LOC) collateral used by a group of US fronting carriers appears likely to have been sourced via Vesttoo and provided by the bank at the heart of the fraud allegations, China Construction Bank (CCB).

Here are the ten most popular news articles, week ending October 8th 2023, 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.

Analysts at investment bank Goldman Sachs say that, while the supply of capital to the global reinsurance market is generally healing, this process has likely been slowed somewhat by the recent further increase to US interest rates.

Since its launch as the first French reinsurance sidecar, CCR Re’s 157 Re vehicle has become an important part of the reinsurer’s property catastrophe play, and further expansion of the sidecar and its capabilities is expected in the future, according to Laurent Montador, Deputy Chief Executive Officer (CEO).