alternative risk transfer

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has announced a new partnership with investment house Integrum Holdings LP.

Inver Re, the reinsurance broking arm of the Ardonagh Group, has announced the hire of long-standing Aon weather and parametric risk transfer leader Kurt Cripps as its new Global Head of Parametric.

Allianz Global Corporate & Specialty (AGCS) has announced an impending expansion of its Alternative Risk Transfer team, as the global insurance and reinsurance player continues to expand the use of non-traditional risk transfer and capital solutions for its clients.

The UK-funded Centre for Disaster Protection has announced a number of new additions to its team, with an experienced disaster risk financing expert joining it from her most recent role at the World Bank, where she had worked on catastrophe bonds and insurance-linked securities (ILS) arrangements.

Investments in non-catastrophe insurance-linked securities (ILS) can bring some significant benefits to investors, but for this market to develop in Asia, the region’s primary insurance market needs to evolve, according to industry experts.

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.

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 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.

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.

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.