alternative risk transfer


Munich Re appoints René Mück as Head of Capital Partners, Americas

Global reinsurance firm Munich Re has appointed René Mück as its new Head of Capital Partners, Americas, the division where much of its risk trading, insurance-linked securities (ILS), catastrophe bond and retrocession activities take place. Munich Re Capital Partners launched as a unit in mid-2015 and brought together a diverse array read the full article →

AGCS appoints Maxwell as Global Head of Alternative Risk Transfer

Allianz Global Corporate & Specialty (AGCS) has appointed Grant Maxwell as the new Global Head of Alternative Risk Transfer within the unit of the global insurance and reinsurance player. At Allianz, the AGCS Alternative Risk Transfer (ART) line of business provides corporate solutions, reinsurance, and climate solutions, including weather risk transfer, read the full article →

World Bank helps Vietnam on transfer of natural disaster risks

The Vietnam Ministry of Finance and the World Bank in Vietnam, at a workshop on disaster risk finance and insurance, discussed the need for a financial protection strategy to better protect the country and its residents against the financial and social impacts of natural disasters. During the workshop, which was held read the full article →

Demand for customised reinsurance growing: Swiss Re

Demand for customised risk transfer solutions are increasing within the reinsurance marketplace, according to reinsurance giant Swiss Re. The trend could result in large reinsurers coming under pressure from influential ILS fund managers, as they look to utilise the specialities and features common in the ILS sector. During the release of read the full article →

Opportunity for ILS to mitigate BI losses from natural catastrophes

The latest risk barometer from Allianz, its fifth in the series, reveals that organisations still perceive Business interruption (BI) and supply chain disruption as the main threat to operations, with 51% of respondents citing a fear that natural catastrophes will cause BI losses in 2016. “Business interruption (incl. supply chain disruption) read the full article →

Business interruption losses on the rise, clear role for ILS

With interconnectivity increasing, the negative and costly economic impact from business interruption (BI) risks is a growing concern for many firms. Again bringing to light the potential for ILS and alternative risk transfer structures to provide much-needed coverage for BI exposures. In an increasingly interconnected world the effects natural catastrophe, or read the full article →

Minimum scale, third-party capital required in reinsurance: Benchimol

Albert Benchimol, the President and Chief Executive Officer (CEO) of insurer and reinsurer Axis Capital, has said that in reinsurance a minimal amount of scale is required, while the benefits of a hybrid model as well as the ability to access third-party capital are important too. During the Axis Capital third-quarter read the full article →

Munich Re Capital Partners launched to take on ILS, retro & risk trading

The world's largest reinsurance firm Munich Re has reorganised its risk trading, insurance-linked securities (ILS), catastrophe bond and retrocession activities under a new unit named Munich Re Capital Partners, that launched on the 1st July. Munich Re has decided to launch the unit due to an "ever-increasing demand for capital optimisation, read the full article →

ART & ILS can support human rights against catastrophe risks

International insurance and reinsurance markets, including alternative risk transfer instruments and insurance-linked securities (ILS), have a vital role to play in ensuring basic human rights for people against the world’s catastrophe risks, according to a recent study. The study, titled ‘Insurance regulation for sustainable development – Protecting human rights against climate read the full article →

Willis adds Global Head of Alternative Risk Transfer solutions

Global insurance and reinsurance broker Willis Group has hired Marc Paasch as its new Global Head of ART Solutions, strengthening the broker's position in the market for alternative risk transfer (ART) and tailored risk solutions. Alternative risk transfer encompasses the provision of risk and insurance solutions that enable businesses to transfer read the full article →