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.
Florida headquartered, expansive primary insurer United Insurance Holdings (UPC Insurance) has renewed a range of its reinsurance covers for aggregate, attritional and other natural perils.
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Alternative reinsurance capital for deployment into insurance-linked securities (ILS), collateralised contracts and catastrophe bonds was flat through the third-quarter of the year at $93 billion, but around $15 billion remained trapped at the end of September 2019, Aon believes.
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Global reinsurance firm Munich Re has now taken its Eden Re II Ltd. collateralised reinsurance sidecar vehicle to $285 million of issuance for 2020, with a second tranche coming to market yesterday.
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Global specialist re/insurer AXIS Capital has added another layer to its Alturas Re collateralised sidecar issuance for 2020, with $47.25 million of what look like property catastrophe insurance linked notes issued in two tranches.
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Investment management giant PIMCO has continued to build on activities within its relatively recently launched dedicated insurance-linked securities (ILS) operations PIMCO ILS, with more capital flowing to its ILS fund for this renewal.
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U.S. primary insurer and global re/insurer Liberty Mutual has completed another collateralised reinsurance sidecar placement for 2020, with a $50 million slice of the arrangement now listed on the BSX.
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There is only one month to go until our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020. With over 265 people already registered, we urge you to get your ticket soon to ensure you can join us.
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Insurance-linked securities (ILS) fund participation in the reinsurance renewals for continental European countries was particularly low in January 2020, as the low levels of pricing seen proved challenging for ILS strategies yet again.
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Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, has renamed its third-party capital and insurance-linked securities (ILS) platform to Hamilton ILS, naming executive Hanni Ali to lead it.
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Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, has renewed its ground-breaking Asian sidecar transaction, with a $77 million Lion Rock Re II issuance.
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