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.
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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White Rock Insurance (SAC) Ltd. has issued a sixth transaction in the Japanese Asagao private parametric earthquake catastrophe bond series, with a smaller that typical $4.6 million Asagao VI transaction coming to light.
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Insurance-linked securities (ILS) funds delivered another strong month of performance in February 2023, with every ILS fund represented in the Eurekahedge ILS Advisers Index reporting positive returns for the month, but with catastrophe bond funds leading the way.
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Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets under management (AuM) rose in the last quarter of record, seemingly driven in the main by improvements in catastrophe bond values and returns.
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RISCfp, a company focused on financing solutions advisory and platform management, has launched a new managed treasury pool (MTP) notes offering, that can act as both investment and collateral solution for insurance and reinsurance uses.
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PartnerRe, the Bermuda headquartered reinsurance company, continued to cede a significant amount of premiums to its main insurance-linked securities (ILS) vehicle Lorenz Re in 2022, but signalling the effects of loss activity, the firm’s reinsurance recoverable from segregated cells of the structure soared.
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The collateralized reinsurance sidecar segment of the insurance-linked securities (ILS) market could be the last to rebound, as investors remained “skittish” of these structures around the beginning of the year, Cory Anger of GC Securities said.
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Artemis is delighted to return to Singapore for our fifth in-person insurance-linked securities (ILS) conference held in the city, ILS Asia 2023, taking place on July 13th.
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London market insurance and reinsurance players need to be able to attract and efficiently deploy third-party capital, if they are to take advantage of the growth opportunities available to them, rating agency AM Best has said.
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The opportunity cost-of-capital is no longer cheap and therefore reinsurance pricing and returns delivered to ILS investors have to stabilise at higher levels than before, leading analysts at investment bank Berenberg to suggest the hard market will be sustained, while ILS inflows will be moderated for a time.
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