Collateralized reinsurance news

The insurance industry losses from the recent east coast low pressure storm system that affected the New South Wales Australia region, particularly Sydney area, have risen by another 21% to now reach AUD$295m, according to the ICA.

Mt. Logan Re, the collateralized reinsurance sidecar vehicle of global reinsurer Everest Re, has doubled the amount of premiums it underwrote in the first quarter, compared to the prior year, which on top of an improved combined ratio will deliver attractive returns to its investors.

The insurance industry loss estimate from the recent east coast low pressure storm system that affected the New South Wales Australia region, particularly Sydney area, has risen again to hit AUD$244m, according to the ICA.

Insurance, reinsurance and financial services group Allied World Assurance Company (AWAC) has increased its capital contribution to reinsurance linked investment and insurance linked securities (ILS) manager Aeolus Capital Management Ltd. for 2015.

The insurance industry loss estimate for the New South Wales, Australia east coast low pressure storm, that affected the region, particularly Sydney, in recent days, has risen again to reach AUD$201m, according to the ICA.

inea GmbH, a German firm that structures and offer investment opportunities including insurance-linked securities (ILS), has completed a new lottery winning risk collateralized reinsurance transaction, which has become the first ILS deal to be domiciled in Gibraltar.

As expected the insurance industry loss estimate for the east coast low pressure storm that has affected New South Wales, Australia, particularly the Sydney area, has risen overnight, from the AUD$129m reported yesterday to now stand at AUD$161m.

Industry insured losses from the east coast low pressure storm that has affected New South Wales, Australia, particularly the Sydney area, are estimated to have reached $129m but could have much further to rise, according to reports.

Risk modelling firm RMS has issued an insurance industry loss estimate for European windstorm Niklas, a late-season storm that struck northern Europe at the end of March causing significant damage across a number of countries, but with Germany taking the brunt.

Rewire Holdings LLC, a firm that launched in September 2014 aiming to increase efficiency in the syndication of catastrophe risk to reinsurance and capital markets, has today opened its online ILS and catastrophe bond marketplace to users for the first time.