Collateralized reinsurance news

Sasria, the state-owned insurer in South Africa that provides cover for riots, public disorder and other difficult to place risks, is facing a reinsurance market with diminishing appetite for exposure linked to power grid failure, which has led it to consider insurance-linked securities (ILS) such as catastrophe bonds.

There is now just one month left to register and get your ticket to attend our next insurance-linked securities (ILS) conference. ILS NYC 2024 will be held in New York City on February 9th 2024, with hundreds of attendees from the ILS community set to come together for a day of thought-leadership, discussion and valuable […]

Third-party capital in reinsurance, so alternative capital or insurance-linked securities (ILS) market capacity, was more than replenished in 2023, as lost capital was replaced and market growth accelerated to levels beyond expectations at the start of the year, rating agency AM Best has said.

Munich Re has now completed the placement of the second listed tranche of its Eden Re II Ltd. collateralized reinsurance sidecar for 2024, which lifts the reinsurers capital market investor-backed retrocessional protection from the structure to $150 million for this year.

With one month still to be counted, the Eurekahedge ILS Advisers Index has already set a new record high annual return in 2023, as the average return of the insurance-linked securities (ILS) funds tracked rose to 13.33% after November.

Investors in reinsurance sidecar structures have been “handsomely rewarded” for their commitment to the product in 2023, broker Aon has said, as these reinsurance-linked investments have experienced strong returns of above 30% in some cases.

Today, we can reveal the third wave of expert speakers confirmed for our next insurance-linked securities (ILS) conference. ILS NYC 2024 will be held in New York City on February 9th 2024, with hundreds of attendees from the ILS community set to come together for a day of thought-leadership, discussion and valuable networking.

Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, has experienced continued asset under management growth for its mutual insurance-linked securities (ILS) fund strategies, with total AUM rising another 10% in the last quarter to reach $3.9 billion at October 31st 2023.

Insurance and reinsurance broking giant Aon has been given an extended time-frame to respond to the complaint filed against it in the New York Supreme Court by fronting specialist Clear Blue Insurance, in relation to the reinsurance letter of credit (LOC) fraud perpetrated by insurtech Vesttoo.

Inflows of capital to certain insurance-linked securities (ILS) managers and structures has helped in moderating retrocession pricing at the January 2024 renewals, resulting in a much less stressed market and better outcomes for some retro buyers.