Collateralized reinsurance news

Patrick Roder, Associate Partner and Global Head of ILS at Synpulse Management Consulting, joined us recently to discuss the publication of a study analysing the results of our survey on the maturity of environmental, social, and governance (ESG) practices in the risk transfer, reinsurance and insurance-linked securities (ILS) markets.

London headquartered insurance-linked securities (ILS) and reinsurance related investments manger Leadenhall Capital Partners LLP has increased its assets under management to more than $6.2 billion in 2020, as the ILS fund manager has added over $600 million just since July.

Global reinsurance firm Munich Re has lifted its estimate for insurance industry losses from 2018’s Japanese typhoon Jebi to $13 billion, which we understand could put a handful of still-exposed industry loss trigger contracts such as ILW’s in play.

Market participants across risk transfer, including insurance-linked securities (ILS) and reinsurance, have a lot to gain from further operationalising Environmental, Social and Governance (ESG) within their core businesses, our now published study reveals.

Reinsurance pricing momentum is forecast to continue through all of the 2021 renewal seasons, with rises of 5% to 6% expected across the key upcoming January renewals, according to analysts at Morgan Stanley.

Both the understanding and adoption of environmental, social, and governance (ESG) practices and compliance in the insurance-linked securities (ILS) industry is growing in prominence, but as noted by industry experts at a recent roundtable event, there’s more work to do.

Combined with advanced technology and great talent, Vantage sees the range of insurance-linked securities (ILS) structures as a means to be innovative and expand the set of risks that are covered by the risk transfer space, according to co-founder and Chief Executive Officer (CEO), Greg Hendrick.

The shuttering of Guernsey based, Credit Suisse Insurance-Linked Strategies supported, reinsurance firms Kelvin Re and Humboldt Re is due to strategic decisions being taken by the ultimate institutional investors behind them, a Credit Suisse spokesperson told us.

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has taken its capital raising efforts in 2020 to more than $1.3 billion and that’s just its equity and debt raises.

AXIS Capital’s collateralised reinsurance sidecar vehicle Alturas Re Ltd. has completed another issuance of preferred shares, as the specialist global re/insurer continues to expand options for third-party investors to participate in its underwriting returns through quota shares.