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Common language, standardisation can unlock non-cat ILS market

A consistent flow of information, which incorporates a common language throughout the transaction chain, is vital for meaningful insurance-linked securities (ILS) participation outside of the natural catastrophe space, according to industry experts. With both cedents and investors increasingly looking to expand the area of activity for the ILS asset class, day read the full article →

ILS maturing nicely, but education still needed: Mayer Brown, ILS NYC 2021

Overall, the insurance-linked securities (ILS) market is maturing in an attractive manner but as new sponsors and jurisdictions enter the fold, there’s a need for continued education, according to global law firm Mayer Brown. The legal work in the ILS world is significant and critical in driving innovation and ensuring everything read the full article →

Creating a bridge to expand the remit of ILS: Panel at ILS NYC 2021

The focus of the insurance-linked securities (ILS) market on short-tail catastrophe risks has resulted in a funding gap for longer-tail exposures, but as investor comfort increases, there’s an opportunity for the market to expand its remit. The third day of our virtual Artemis ILS NYC 2021 conference began with the event’s read the full article →

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 →