Collateralized reinsurance news
News and articles about collateralized reinsurance transactions and collateralised reinsurance market trends.
Collateralised reinsurance simply refers to any fully-collateralised reinsurance transaction, be that securitised or not.
Collateralized reinsurance allows ILS funds, hedge funds, pension funds and unrated, third-party capitalised reinsurance vehicles to participate in major reinsurance programs as the contracts they write are fully-collateralised.
The collateral is put up by investors or third-party capital providers to cover in full the potential claims that could arise from the reinsurance contract.
Normally the collateral posted is equal to the full reinsurance contract limit, minus the net premiums charged for the protection.
The pending acquisition of the majority of reinsurance broking unit Willis Re by Arthur J. Gallagher & Co. (Gallagher) will include insurance-linked securities (ILS) and capital market specialist unit Willis Re Securities. It was announced today that Gallagher has agreed to acquire a $3.57 billion package of assets from Willis Towers read the full article →
The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we're told. Sources read the full article →
The overall insurance-linked securities (ILS) fund market averaged a 0.22% return for March 2021, which was above average for the month but seemingly impacted by losses booked by a number of collateralized reinsurance and retrocession focused funds. After numerous insurance-linked securities (ILS) funds reported negative performance for February, largely due to read the full article →
The Texas Windstorm Insurance Association (TWIA) has returned to the catastrophe bond market with a $250 million or larger Alamo Re Ltd. (Series 2021-1) transaction, which will go at least some of the way to renewing a soon to mature $400 million cat bond from 2018. For 2021, the Texas Windstorm read the full article →
PartnerRe, the Bermuda headquartered, EXOR owned reinsurance company, is feeling the benefits from its increased haul of third-party reinsurance capital, according to CEO Jacques Bonneau. The reinsurance company reported its first-quarter results yesterday, saying that while it fall to a net loss of $66 million because of unrealised losses on fixed read the full article →
Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance group, has expanded its use of third-party sources of reinsurance capital and insurance-linked securities (ILS) structures to include activities in specialty and casualty lines of business. Aspen’s dedicated unit, Aspen Capital Markets, manages third-party capital and ILS funds or sidecars, connecting read the full article →
TransRe, the reinsurance underwriting brand of the Alleghany Corporation, saw its property reinsurance business fall to an underwriting loss in the first-quarter of the year, as elevated catastrophe claims dented performance. At the same time, TransRe has taken advantage of reinsurance market conditions to significantly expand its property reinsurance portfolio, underwriting read the full article →
American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, were impacted by losses during the first-quarter of the year it appears, while assets under management shrank by almost 10%. Insurance-linked securities (ILS) assets under management at AlphaCat Managers fell by $400 read the full article →
Catastrophe risk modelling specialist RMS has said that average annual insurance industry losses from North Atlantic hurricanes could increase by 24% by 2050, while European floods could drive 59% more in insured losses by the same year. This is according to new risk models launched by RMS yesterday, as a suite read the full article →
With the entry of multiple new domiciles to the insurance-linked securities (ILS) arena in recent years, the most important feature of this is the plurality of choice it makes available to sponsors, rather than the chance of subsidies being made available, Mathieu Halm, Head of Retrocession and Strategy at CCR read the full article →