alternative risk transfer


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 →

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 →

SCOR creates Alternative Solutions unit, to include ILS business

French reinsurance company SCOR has created a new business unit, called Alternative Solutions, to centralise and house its activities in insurance-linked securities (ILS), structured risk transfer and alternative risk financing. The move to centralise and formalise the alternative reinsurance functions by the French reinsurer further demonstrates the importance of alternative risk read the full article →

Extreme weather, natural catastrophes among top global risks: WEF

The World Economic Forum (WEF) has published its Global Risks 2014 report, the latest update to the report where the WEF works with insurers, risk management professionals and academics to highlight the main global risks the world will face in coming years. In total 31 different risks that are global in read the full article →

Best of Artemis, week ending 12th January 2014

You can read every market news story and article here on the Artemis news blog. Subscribe to the weekly email newsletter updates to never miss a thing. For your convenience here are the ten most popular articles from the last seven days on Artemis. Top ten most viewed articles on, read the full article →