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.


ILS fund manager Gildenbrook launched with $850m of capital by Brookman

The Gildenbrook Group has been founded by experienced ILS industry executive Daniel Brookman and has today launched Gildenbrook Capital Management Ltd., an independent alternative investment fund manager focused on the insurance-linked securities (ILS) asset class. Brookman most recently led alternative reinsurance and ILS activities at re/insurer AXA XL, before which he read the full article →

W. R. Berkley cites two investors behind Lifson Re reinsurance sidecar

In launching its first collateralized reinsurance sidecar vehicle and engaging with third-party investors on the recently announced Lifson Re Ltd. launch transaction, Rob Berkley – President and CEO of W. R. Berkley noted the importance of a "shared sense of obligation and duty to capital." Insurance holding company W. R. Berkley read the full article →

ILS cedents need to restore investors’ trust: Halm, CCR Re

It's down to insurance-linked securities (ILS) cedents and sponsors to work to restore trust in the ILS investor community, by increasing transparency, reducing uncertainty and building long term partnerships, according to Mathieu Halm, Head of Retrocession and Strategy at CCR Re. Halm recently discussed the challenging year that the insurance-linked securities read the full article →

ILS NYC 2021 – what to expect

As the world continues to deal with the effects of the COVID-19 pandemic, we remain locked-down at home and unable to hold in-person events, so sadly our fifth ILS NYC conference has to be virtually held. We're still going to bring you the kind of forward-looking, constructive discussions we know our read the full article →

Cat bonds to break records, but Collateralized Re to outpace: Reader poll

Our readers forecast more than $12 billion of catastrophe bond issuance in 2021, which would see the market setting a new record. But in terms of which area of insurance-linked securities (ILS) is likely to grow fastest, the collateralized reinsurance market is forecast to outpace cat bond market growth this read the full article →

SiriusPoint planning a “sidecar-like” retrocession program

SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, is planning for its retrocession program to be "sidecar-like", the company said. SiriusPoint came about after Bermuda headquartered, once total return focused reinsurer Third Point Re and read the full article →

Travelers expands aggregate reinsurance, but lifts attachment at Jan renewal

U.S. primary insurance carrier Travelers has successfully renewed its aggregate catastrophe reinsurance treaty at the January 2021 renewal season, with the layer set to provide it with slightly more coverage than last year but at a higher attachment point. As a reminder, Travelers had made a full $280 million recovery from read the full article →

Vantage launches collateralized insurer AdVantage Retro I Ltd. in Bermuda

Vantage Risk, the insurance and reinsurance start-up launched by industry veterans Greg Hendrick and Dinos Iordanou, has established its first insurance-linked securities (ILS) vehicle in Bermuda, a collateralized insurer class company named AdVantage Retro I Ltd. We've learned from our sources that AdVantage Retro I Ltd., which was registered in Bermuda read the full article →

PartnerRe gets Olympus investment for retro & specialty vehicle Laplace-C

Bermuda headquartered reinsurance company PartnerRe has set up a new retrocession and specialty reinsurance focused investment vehicle named Laplace-C and secured backing from private equity player Olympus Partners. Laplace-C has been established to take advantage of opportunities seen in the global reinsurance market at this time and we understand is just read the full article →

Industry loss from Australia’s Jan 2020 hailstorms raised to A$1.9bn

The insurance and reinsurance industry loss estimate for the severe hailstorms that struck the southeastern region of Australia in January 2020 has been raised by roughly 4% to almost AU $1.9 billion. Zurich based, industry-backed estimator of catastrophe insurance and reinsurance market losses PERILS AG had originally estimated the property market read the full article →