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.
The use of collateralized retrocession limits has increased among the largest reinsurance companies as alternative capital continues to be a critical source of retro protection, but for some retro buyers the cost of coverage remains too high, S&P Global Ratings has said.
Read the full article
Howden Capital Markets & Advisory (HCMA), the insurance and reinsurance broker’s capital markets and insurance-linked securities (ILS) specialist unit, has appointed Des Potter as an Independent Non-Executive Director for its UK business.
Read the full article
Artemis has partnered with Wilmington Trust to host a live insurance-linked securities (ILS) focused webinar on October 31st 2024, in which our industry expert speakers will explore the state of the catastrophe bond and broader ILS market, as well as the outlook for 2025.
Read the full article
Back on July 10th we reported on a new $45.5 million Randolph Re (Series 2024-1) private catastrophe bond that appeared to be a renewal of a wildfire transaction for Mercury Insurance and for the first time Aon had used its Guernsey based protected cell company White Rock Insurance Company PCC Limited for the issuance.
Read the full article
With just a few days to go until our catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd, we wanted to give you a last look at who you can meet if you join us. Tickets for Artemis London 2024 are selling fast, so please register now if you want […]
Read the full article
Aon’s segregated accounts company White Rock Insurance (SAC) Ltd. has filed a lawsuit in New York against China Construction Bank, alleging an “inside man” at the bank had represented that letters of credit (LOC) involved in the Vesttoo fraud were authentic, and claiming a minimum $140 million in damages from the bank for the losses […]
Read the full article
Unless there are “substantial” losses to insurance-linked securities (ILS) from catastrophe events in the second-half of 2024, Fitch Ratings said it expects “continued strong supply growth in the alternative reinsurance capital market into 2025.”
Read the full article
There is now just one week to go until our catastrophe bond and insurance-linked securities (ILS) market conference in London on Tuesday September 3rd. Tickets for Artemis London 2024 are selling fast, so please register now if you want to attend.
Read the full article
Yesterday’s launch of Leadline Capital Partners represents a “natural evolution” to third-party reinsurance capital management activities at global re/insurer Ascot, Justin Keith, President and Chief Executive Officer of Ascot Bermuda Limited, told Artemis in an interview.
Read the full article
Ascot Group, the specialist global re/insurance underwriter owned by Canadian pension allocator CPP Investments, has launched a new dedicated third-party capital management platform named Leadline Capital Partners, as it looks to expand its activities in the space and brings on new investors to support it.
Read the full article
