convergence

The date has been set for a 2014 event to promote Bermuda’s economic development as a centre of excellence for activities in the reinsurance convergence and insurance-linked securities (ILS) market by the ILS Bermuda committee.

ILS Bermuda, an organisation which brings together a number of key players based in, or with interests in, Bermuda and activities in the reinsurance convergence and insurance-linked securities (ILS) space, is planning its second event, Convergence 2014.

Reinsurance broker Aon Benfield continues to place importance on the convergence of the reinsurance and capital markets in its hiring, as it announced the appointment of Kelly Smith as President of its U.S. business.

Sirius Capital Markets LLC, the newly formed insurance-linked securities (ILS) and third-party reinsurance capital asset management arm of White Mountains Insurance Group, Ltd., is preparing to launch its first ILS fund later this year and to raise capital from external investors.

While much of the news and analysis on the global reinsurance market is focused on an increasingly influential third-party capital and insurance-linked securities (ILS) market and the impact it is having on traditional reinsurance rates and pricing, Charles Philipps, Chief Executive of Amlin expects the capital market and reinsurance to find equilibrium.

Alleghany Corporation, the insurance and reinsurance holding company with property and casualty subsidiaries including reinsurer Transatlantic Re, has purchased a stake in alternative investments asset manager Ares Management LLC, a partnership which positions them to serve the converging reinsurance and capital markets.

The effects felt by some traditional reinsurers from accelerating convergence, between reinsurance and capital market backed reinsurance alternatives, are likely to continue according to a report from Bernstein Research. It forecasts reinsurance convergence and third-party capital will challenge the sectors incumbents for many renewals to come.

At the recent July 1st renewals, reinsurance market pricing continued to be influenced by the influx of third-party reinsurance capital which has poured into the market from institutional and capital market investors, said Guy Carpenter in a report released today. Without significant catastrophe losses through the rest of the year, the pressure on reinsurance rates […]

The southern European country of Malta is targeting the insurance-linked securities (ILS), catastrophe bond and reinsurance convergence sector with a legislative effort to put in place a legal framework allowing for the formation and domicile of Special Purpose Reinsurance Vehicles (SPRV) in Malta.

Every Wednesday morning we send out our weekly email newsletter which contains every story that you may have missed from the last seven days. You can sign up for the newsletter here. In case you missed anything in the last week, here are all of the news stories and articles we published over the last […]