Alternative reinsurance capital

One of the key themes to come out of renewals over the last year is a realignment of risk sharing in natural catastrophe risks between the reinsurance market, including ILS funds and alternative capital, and the primary insurers, which positions the reinsurance side to better be able to demonstrate the profit-potential of their businesses this […]

Here are the ten most popular news articles, week ending July 16th 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.

Commentary attributed to Everest Group CEO Juan Andrade helps to drive home the fact that reinsurance and so also many ILS strategies are now sitting higher up the catastrophe risk tower, with larger industry loss events required to meaningfully involve them in paying claims.

The BofA Securities analyst team say they are increasingly constructive on the reinsurance sector, one reason being that alternative capital growth is not being driven by the collateralized side of the ILS market, while catastrophe bonds are seen as a more compatible instrument and complementary to traditional reinsurance.

Insurance-linked securities (ILS) investment management specialist Nephila Capital has written just over $756 million of the $2.98 billion reinsurance placement by Florida Citizens at the renewals in 2023, but Berkshire Hathaway was the largest participant with a huge $1 billion line.

London headquartered specialty insurance and reinsurance firm Beazley is moving its ESG consortium out of the Lloyd’s Syndicate In A Box (SIAB) framework to sit under its third-party capital backed Smart Tracker syndicate 5623.

Global Atlantic Financial Group, the US life, retirement and annuities insurance and reinsurance company, has now closed on a successful more than $2.4 billion third-party capital raise for its second reinsurance sidecar structure, Ivy II.

European property and casualty (P&C) run-off specialist company Marco Capital Holdings Limited has now acquired the second former Credit Suisse ILS run Guernsey based reinsurance company Kelvin Re Limited.

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

Strong growth in catastrophe bond and insurance-linked securities (ILS) assets thanks to successful capital raising efforts sees Fermat Capital Management now fast-approaching the landmark $10 billion in AUM.