catastrophe

The latest catastrophe bond from U.S. primary insurer Allstate has something very unique about it. The Sanders Re Ltd. (Series 2013-1) issuance, through which Allstate hopes to secure at least $350m of reinsurance cover for U.S. hurricane and earthquake risks, features a trigger design that we’ve never seen before and we understand that this is […]

The European Commission has launched a new green paper consultation process on the topic of natural and man-made disaster insurance and risk transfer. Part of a two-pronged strategy on climate change and adaptation, the EC sees the need for a wide and public debate on the adequacy and availability of existing disaster insurance options. The […]

We understand from sources in the insurance-linked securities market that U.S. insurer Allstate’s latest catastrophe bond deal, Sanders Re Ltd. (Series 2013-1), has upsized during the marketing of the deal. At the same time the price guidance on both tranches of notes being issued has dropped. Sanders Re is Allstate’s third trip to the cat […]

As expected after the insurer withdrew around $1 billion of limit from the traditional reinsurance market as it restructured its catastrophe programme to take advantage of alternative reinsurance capacity and the capital markets, U.S. insurer Allstate has launched a new $250m catastrophe bond. The new cat bond from Allstate, Sanders Re Ltd. (Series 2013-1), is […]

There’s been a lot of coverage on the threat non-traditional reinsurance capacity from third-party investor backed sources such as insurance-linked securities, catastrophe bonds, collateralized reinsurance capacity and sidecars presents to traditional reinsurers. It’s refreshing today to read a press release from reinsurance broker Willis Re discussing an opportunity this trend presents to mutual insurers which […]

Non-traditional reinsurance capacity, largely sourced from third-party institutional and capital market investors and recently increased to $44 billion in size, is exerting increasing influence on the global property catastrophe reinsurance market. That’s a statement that we can all agree on now that we’ve seen growing evidence from catastrophe bond and ILS pricing and the recent April […]

Two days ago we wrote about the latest report from reinsurance intermediary Guy Carpenter in which the broker looked at the April renewals and commented on trends which are emerging within the global reinsurance marketplace. One of the trends receiving attention is the growing influence of third-party reinsurance capital and Guy Carpenter said that the […]

The latest global reinsurance broker to publish an April reinsurance market renewals report containing bullish statements about the growing influence of third-party reinsurance capital on the wider marketplace is Guy Carpenter. In its press release, published this morning, Guy Carpenter reports that ample reinsurance capacity, assisted by continued convergence of traditional and alternative capital sources […]

Reinsurance companies ability to attract and deploy third-party capital is becoming increasingly important, according to reinsurance broker Aon Benfield. The broker has today published its latest Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in 2012, and in the report discusses the increasing importance for firms to be […]

The latest reinsurance market renewals report from broker Aon Benfield has been published and it’s no surprise to see pricing in the insurance-linked securities and catastrophe bond markets getting a mention. Aon Benfield said that clients renewing significant capacity in the ILS markets have experienced risk adjusted price decreases of 25% to 70% for U.S. […]