Collateralized reinsurance news

Aon Insurance Managers (AIM), the unit of the global insurance and reinsurance broker that deals with insurance management, including of commercial, captive and insurance-linked securities (ILS) vehicles, has added Michael Dunsire in Singapore to lead the regional operation.

We’re delighted to announce that the Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority, will join us at our upcoming ILS Asia 2023 conference on July 13th and deliver an opening keynote speech.

The Texas Windstorm Insurance Association (TWIA) has now secured the reinsurance and risk transfer it wanted for 2023, with its tower placed to the targeted $4.508 billion and $1.2 billion of that provided by catastrophe bonds.

Catastrophe bond and insurance-linked securities (ILS) market conditions improved somewhat for sponsors during the first-quarter of 2023, with tightening of pricing welcomed by re/insurers, Aon Securities has said.

The Florida Retirement System Pension Plan counted over $912 million of insurance-linked securities (ILS) and related assets under management as of the end of 2022, with the institutional investor continuing to expand the diversification within its insurance and reinsurance investments, thanks to longevity-linked life asset growth.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has become the latest company to establish a collateralized insurer class of company in Bermuda, named Arbol Re Ltd.

Reflecting the elevated spreads of catastrophe bonds, after just a few months of this year the return of the Swiss Re catastrophe bond index, perhaps the most widely used benchmark in the insurance-linked securities (ILS) space, is already at its highest level since 2013.

The third session of the day at our Artemis ILS NYC 2023 conference, held in New York on February 10th 2023, saw industry leaders discussing the Florida insurance and reinsurance market, exploring the state of play and how it come overcome some of the challenges that are faced.

Investors are inching back to the catastrophe bond market as issuance volume reached about $2 billion in April despite rising cat losses, AM Best said in a recent webinar. Cat bonds could be on course for a record quarter, having recorded $2.05 billion in April 2023 compared to $490 million in 2022 and $1.33 billion […]

Lumen Re, the main reinsurance underwriting vehicle of LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager LGT Capital Partners, has seen its loss ratio reduce significantly, according to rating agency AM Best.