alternative risk transfer

Beazley’s move to establish a new Bermuda operation is seen as “a strategic investment irrespective of the phase of the cycle” by analysts at Peel Hunt. They also highlight how this can increase access to third-party capital, in particular with the returns of the firm’s cyber underwriting expertise now set to become accessible to ILS […]

Pine Walk Capital Limited, the specialist managing general agent (MGA) platform and wholly owned subsidiary of The Fidelis Partnership, has launched Carnovis Specialty Limited as a new Alternative Risk Transfer MGA, that also has a remit to underwrite business for third-party capital providers, including from the capital markets.

Beazley, the London headquartered specialty insurance and reinsurance company, has made a significant commitment to the Bermuda marketplace with the deployment of $500 million of capital to establish a new platform on the island to drive growth and expansion into the alternative risk transfer market, including ILS opportunities.

In a recent article, global broker Aon has highlighted that the continued growth of alternative capital sources is enabling more efficient risk management by bringing solutions closer with underlying risks.

With P&C insurance premiums rising rapidly over the last two decade and an increasing proportion of the risk finding its way down the market chain to reinsurance and retrocessional sources of capital, Jérôme Jean Haegeli, Group Chief Economist at Swiss Re said the industry has experienced a renaissance.

Swiss Re has highlighted the capital efficiency that a modern and layered risk transfer architecture brings to the property and casualty insurance market, seeing the capital markets and investors as now key elements in a chain that is supporting growing volumes of global risks.

Generali Global Corporate & Commercial (GC&C) has named Michele Pignoli as Head of a newly established unit focused on Alternative Risk Transfer (ART) and Parametric insurance solutions, as the company sets its sights on scaling up this segment under its new 2025–2027 Next Level strategic plan.

Allianz Commercial, part of global insurer Allianz, has announced the appointment of Lara Martiner as Global Head of Alternative Risk Transfer at Allianz Global Corporate & Specialty SE (AGCS), effective April 1st, 2025, succeeding Grant Maxwell, who is leaving the German insurer at the end of June.

Brokerage Willis, a WTW business, has announced the appointment of Derrick Easton as the new Global Head of Alternative Risk Transfer (ART) and Head of Western Europe for Risk and Analytics, where he will report to John Merkovsky, Global Head of Risk & Analytics, and Hugo Wegbrans, Head of Risk & Broking Europe.

Insurance and reinsurance broking group Gallagher, through its captive, alternative risk transfer, insurance-linked securities (ILS) facilitation and capital solutions subsidiary, Artex, has expanded its services in the Middle East & Africa (MEA) region with the launch of alternative risk management services in the Abu Dhabi Global Market.