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.
Direct-to-consumer insurtech company, Kin Insurance has hailed the substantial improvement in pricing for its latest catastrophe bond issuance, the $300 million Hestia Re Ltd. (Series 2025-1) transaction, the company’s largest cat bond yet.
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This video features an expert panel discussing investment trends in private insurance-linked securities (ILS) at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.
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With all the insurance-linked securities (ILS) funds tracked by the ILS Advisers Fund Index now having reported their returns for January 2025, it’s become clear that there was a significant performance gap for the month due to the California wildfire losses.
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Elementum Advisors, LLC has added new Chief Investment Officer (CIO) roles to its structure, with long-standing employees Jeff Davis and Paul Barker taking on investment oversight and responsibility for the catastrophe bond and collateralized reinsurance areas of the business, respectively.
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Global insurance and reinsurance player Everest Group has reported significantly increased cessions from its property catastrophe line of business to cells of its Mt. Logan Re Ltd. third-party capitalised sidecar-like structure in 2024.
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The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by approximately 39% in 2024, lifting its investments in the ILS market to approximately US $1.32 billion.
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Global reinsurance company Hannover Re shared a much larger proportion of its large natural catastrophe losses with insurance-linked securities (ILS) capital sources in the final quarter of 2024, as the company ceded out more than half of its losses from hurricane Milton, with retrocessional arrangements seemingly playing a key role.
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Porch Group, the owner of insurer Homeowners of America Insurance Company (HOA) which was impacted by the Vesttoo reinsurance letter of credit (LOC) collateral fraud, has agreed a $7.1 million settlement over constructive trust claims with the Vesttoo Creditors Liquidating Trust, court documents show.
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Oxbridge Re Ltd., the Cayman Islands based reinsurance company, has now confirmed its two tranche offering of tokenized reinsurance securities that will fund its collateralized reinsurance sidecar vehicle Oxbridge Re NS for 2025, with 20% and 42% return targets.
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The ILS Advisers Fund Index has reported a -0.38% return for January 2025 on the back of the recent California wildfire losses. With 75% of ILS fund managers having reported returns for the period so far, the Index could fall further as additional data points from private ILS strategies are included.
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