capital markets

We’re delighted to announce that registration is now open and tickets are on sale for the third installment of our annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2018. The event will be held on July 12th 2018 at the Suntec Convention Centre, Singapore.

Welcome to the Artemis ILS New York 2018 post-conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ second event in the United States.

The Pacific Catastrophe Risk Insurance Company (PCRIC), a parametric insurance facility for the Pacific Island nations which is supported by the World Bank and others, is hoping to expand its risk pool with the addition of new members and also through the creation of new risk transfer products.

The New Zealand Earthquake Commission (EQC), the state-owned residential property disaster insurance entity, has had its cap limit on residential building cover increased by 50% to $150,000, which will see it take on more risk and so perhaps need to buy more reinsurance.

Insurance-linked securities (ILS), reinsurance and transportation investment manager, Hudson Structured Capital Management Ltd. has entered into a strategic relationship with reinsurer Everest Re that will see it invest across several Hudson funds as the pair co-operate on a number of fronts.

Consulting and actuarial firm Milliman, Inc. has recognised an opportunity to profit from the expansion of coastal zone insurers in the United States and their need for sophisticated analytics, responding with the launch of a Property & Casualty office in Tampa, Florida.

The world’s largest reinsurance firm Munich Re sees opportunities to scale-up its relationship with ILS and the capital markets as a way to secure efficient retrocession for its own book, to help its clients access investor-backed capacity and to earn fees by providing services to the ILS sector.

Reinsurance brokerage and advisory JLT Re has announced the appointment of a new leader for its treaty reinsurance offering in the Asia region, naming Vinod Krishnan as CEO, Asia Treaty.

The reinsurance company of the future is one which has access to both a traditional balance-sheet as well as alternative capital, and is sophisticated enough to recognise when there are sources of capital with a lower-cost than its own, that can be deployed to the benefit of its clients.

Insurance giant Generali Group said in its annual report that while it has historically preferred protection from traditional reinsurance sources, in some cases it has found that insurance-linked securities (ILS) has offered “more competitive terms,” suggesting the insurer may seek to increase its use of ILS going forwards.