Collateralized reinsurance

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Property rates to continue firming, ILS market a factor: AmWins

The pace of rate hardening in the U.S. property insurance marketplace has accelerated and this firming trend is expected to continue, with the availability of capacity from the ILS market seen as one factor influencing it, according to AmWINS.As the overall property insurance rate hardening continues, there are noticeable changes read the full article →

Gradual pick-up of ILS transactions expected in Asia: Fitch

Insurance-linked securities (ILS) and catastrophe bond activity is expected to gradually accelerate in the Asia region, providing investor interest in the ILS asset class remains strong, according to Fitch Ratings.While insurance-linked securities (ILS) and collateralized forms of reinsurance in general are familiar concepts in North America and Europe, there has read the full article →

In time, exotic ILS might not be so exotic after all: John Seo, Fermat Capital

The utilisation of insurance-linked securities (ILS) structures and capacity for exotic, or man-made risks remains small, but as the world continues to evolve and new risks increasingly emerge, these types of exposures might turn out to be not so exotic after all, according to John Seo, Co-founder and Managing Director read the full article →

Jebi above 1-in-40-year loss, development could continue: S&P

Typhoon Jebi's impacts on the global insurance and reinsurance market is already above the 1-in-40-year loss level, according to estimates from S&P Global Ratings, who also warn that further material developments cannot be ruled out.Typhoon Jebi will account for more than 15% of the top-20 global reinsurance firms catastrophe budgets, read the full article →

Ursano joins Hamilton as CFO, Reiss takes oversight of third-party capital

Hamilton Insurance Group, Ltd. has announced the hiring of well-known reinsurance investment banking executive Tony Ursano as the firms new Group CFO, as incumbent Jonathan Reiss takes on a new role giving him oversight of third-party capital activities.Ursano, who departed from his most recent role as President of reinsurance brokerage, read the full article →

FHCF renews reinsurance at flat pricing, using more third-party capital

The Florida Hurricane Catastrophe Fund (FHCF) has renewed its reinsurance program at a slightly smaller size of $920 million, but with flat pricing and insurance-linked securities (ILS) players taking a slightly larger share in 2019.Leading the ILS market participation in the FHCF's 2019 reinsurance renewal was Fermat Capital Management, which read the full article →

AXIS Capital lifts third-party capital assets managed to $2.1 billion

Bermuda headquartered insurance and reinsurance firm AXIS Capital Holdings Limited has lifted the amount of third-party capital assets under its management to a new high at $2.1 billion.AXIS Capital’s third-party capital management business has continued to steadily build, with the insurance and reinsurance firm using an increasing amount of quota read the full article →

CFAN forecasts 8 hurricanes, 2 U.S. landfalls, 1 Florida landfall in 2019

Having proved correct in forecasting that El Niño conditions would weaken and transition to ENSO neutral by peak hurricane season this year, Climate Forecast Applications Network (CFAN) has now raised its forecast for the 2019 Atlantic hurricane season, now expecting 8 hurricanes to form.Right back in April, Climate Forecast Applications read the full article →

Jebi shows ILW triggers are better when official & supported

The rising insurance and reinsurance industry loss from 2018's typhoon Jebi in Japan has caused what some are privately terming chaos in the industry-loss warranty (ILW) market, as two widely used but unofficial trigger data sources still show estimates at below $10 billion.Industry loss warranties (ILW's) are relatively simple risk read the full article →

North Yorkshire Pension Fund increased ILS allocation to Leadenhall

The North Yorkshire Pension Fund, a pension scheme for council and local government workers in the Yorkshire region of the United Kingdom, increased its allocation to insurance-linked securities (ILS) funds under the management of Leadenhall.Having originally won a mandate from the pension fund for an £80 million allocation in 2018, read the full article →