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.
Allianz Global Corporate & Specialty (AGCS), a division of global insurance and reinsurance firm Allianz, has announced that its Alternative Risk Transfer (ART) unit is reshaping. The move sees the Insurance-Linked Markets team transition to a standalone business line, called Capital Solutions.
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Specialty insurance and reinsurance group Lancashire Holdings Limited has pre-announced some expected third-quarter catastrophe and marine losses, which the firm expects will drive it to a negative return on equity for the quarter.
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The final $3.3 million chunk of notes from Bermudian reinsurance firm RenaissanceRe’s $140 million Series 2017-1 issuance of notes from its Fibonacci Reinsurance Ltd. sidecar-like vehicle have now had their maturity extended into 2019, as loss development continues.
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Insurance-linked securities (ILS) and collateralised reinsurance activity in the island domicile of Guernsey has accelerated in 2018, with more than double the number of ILS structures established in 2018 so far compared to the whole of last year.
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The performance of insurance-linked securities (ILS) funds in August 2018 was hit by a number of factors, leading to an average return for the market of 0.45% for the month, which is below the long-term average.
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Lutece Investment Management Ltd., a retrocession and reinsurance focused specialist investment manager, has added another senior hire in Cornell Fox (who was previously at AlphaCat and Validus) who joined the firm in recent weeks in the role of Head of Investor Relations.
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United Insurance Holdings (UPC Insurance) has announced that it expects to suffer a third-quarter 2018 catastrophe loss of around $35 million before tax and after reinsurance, including the impacts of hurricane Florence.
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Retrocession and reinsurance focused specialist investment manager Lutece Investment Management Ltd. has hired Robert Jardine, formerly of Willis Towers Watson in Bermuda, as the firms new Head of Portfolio Analytics.
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Assets under management of the Pioneer ILS Interval Fund have grown sharply again in the last quarter of record, jumping another 21% to reach almost $983 million at the end of July 2018. However, the impacts of the 2017 catastrophe losses is evident in the reduced valuations of many positions in the fund.
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Frank Majors of Nephila Capital, John Seo of Fermat Capital Management and Tom Johansmeyer of PCS have been revealed as the first confirmed speakers for our February 1st 2019 insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2019.
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