Collateralized reinsurance news

Alternative reinsurance capital was once again largely responsible for the expansion of global reinsurance capacity in 2017, as insurance-linked capacity grew 17% to $88 billion by the end of the year, outpacing traditional reinsurance capital significantly, according to Willis Re.

The remaining in-force notes of Bermudian reinsurance firm RenaissanceRe’s $140 million of Series 2017-1 notes issued by Fibonacci Reinsurance Ltd. have been extended again, presumably as loss development continues.

Between April 13th and 15th a major springtime storm system impacted central and eastern areas of the United States, bringing severe convective weather, thunderstorms, hail, tornadoes, flooding rains and heavy snow, resulting in damage across 20 states and economic and insured losses running into the hundreds of millions of dollars.

The insurance-linked securities (ILS) market has continued its advance on global reinsurance markets, with no sign that there has been any impact to investor appetite following the major catastrophe losses of 2017, according to broker Willis Re.

Some reinsurance firms that entered the year with lower overall levels of capital, following the impacts of the major hurricanes and other losses last year, have become ” increasingly dependent on retrocession and alternative capital to maintain gross capacity,” according to rating agency Moody’s.

Bermudian reinsurance firm and third-party capital manager Everest Re has reported an increase in its losses from the California wildfires of late 2017, which the company says it will book in the first-quarter.

Today we’re delighted to announce the first wave of speakers for the third installment of our annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2018. The event will be held on July 12th 2018 at the Suntec Convention Centre, Singapore and early bird tickets are on sale now (grab yours today before they sell […]

The Bermuda Monetary Authority (BMA) has reported an increased number of insurance and reinsurance company registrations on the island in the first two months of 2018, which was helped by an increase in the number of special purpose insurers (SPI’s) being registered for ILS transactions.

The ILS Advisers Index, which tracks the performance of numerous insurance-linked securities (ILS) and reinsurance linked investment funds, scraped to a positive return of just 0.08% in the month of February 2018, as the impacts of prior losses continued to reverberate around the ILS market.

Insurance-linked securities (ILS) and collateralized reinsurance investment fund manager Blue Capital Management, a subsidiary of Sompo International Holdings Ltd., may seek to raise more funds as it looks to grow its London-listed strategy, the Blue Capital Alternative Income Fund.