alternative risk transfer


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 interconnected 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 →

Parametric triggers can ensure business interruption recovery: Marsh

Businesses looking to protect themselves from property damage or business interruption due to natural disasters or weather events should look to alternative risk transfer structures and parametric triggers to ensure a recovery can be made, according to Marsh.Marsh, the insurance and reinsurance broking powerhouse said that property damage and business read the full article →

Legal & General expands longevity insurance team

Anticipating further growth in the longevity risk transfer and pension plan de-risking sector, UK insurer Legal & General has added four to its Bulk Annuity & Longevity Insurance business to prepare it for serving clients longevity risk needs.Two new hires join the Legal & General Bulk Annuity & Longevity Insurance read the full article →