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.
With an improved reinsurance market outlook, new capital is now expected to flow in once earnings delivery has been confirmed in reported results, Aon’s Mike Van Slooten has said.
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The Board of the Texas Windstorm Insurance Association (TWIA) has heard details of an industry-loss warranty (ILW) option for the top of its reinsurance tower, as the insurer of last resort considered buying more protection than its 1-in-100 requires for 2023.
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A report from Conservative UK lawmakers that calls for greater Parliamentary accountability of regulators in the country, has cited the UK insurance-linked securities (ILS) experience as an example of regulatory failure to foster a new market opportunity.
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Asset management giant PIMCO is closing down its dedicated insurance-linked securities (ILS) investment platform, citing a lack of alignment with its long-term vision and business priorities, as well as challenges in achieving business scale.
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A new collateralized reinsurance company has been formed, with Cayman Islands-based Northern Reinsurance SPC, Ltd. (Northern Re) established by brothers Anthony and Peter McKelvy to deploy capital against a select group of historically profitable portfolios they know well.
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French reinsurance firm SCOR’s asset management company, SCOR Investment Partners, has announced that its flagship catastrophe bond fund has now surpassed $1 billion in assets under management, while the overall assets of its insurance-linked securities (ILS) fund strategies have reached around $3.5 billion.
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The industry loss warranty (ILW) market has softened somewhat, seemingly in-line with the catastrophe bond market, with what were record high ILW rates-on-line now coming in on average roughly 12% lower for the second-quarter of 2022, according to our sources.
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Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has added a new executive with significant fundraising and investor relations expertise.
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The first session of the day at our Artemis ILS NYC 2023 conference, held in New York on February 10th 2023, featured industry leaders discussing the catastrophe bond market and their expectations around its future potential.
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Bermuda-based insurer and reinsurer Aspen’s use of third-party capital is a key, strategic focus for the firm and will remain so going forward, according to Philip Hough, Global Head of Property Reinsurance at Aspen Re.
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