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Discipline has returned to the ILS market: Roundtable

Investors in the insurance-linked securities (ILS) space are demanding discipline from managers in the wake of recent loss events and subsequent loss creep, while an elevated need for comfort is leading to a surge in demand for proportional deals, according to industry experts.The difference in the ILS market in the read the full article →

Hiscox has cyber ILS fund ambitions

Hiscox is targeting the launch of a new ILS fund focused on cyber risks, as it looks to put its expertise in underwriting cyber insurance and reinsurance together with its Hiscox Re Insurance Linked Strategies ILS management expertise to create what would be a new and unique insurance-linked investment opportunity.Hiscox read the full article →

ILS market must educate on reserving process, rebuild confidence: Roundtable

As the market moves towards the January 1st renewals season and into 2020, the insurance-linked securities (ILS) space needs to learn and educate on the reserving process and go through a phase of rebuilding, according to industry experts.This was the message from ILS and reinsurance industry executives at the 2019 read the full article →

Artemis Monte Carlo Rendezvous Executive Roundtable 2019

Welcome to the fourth Artemis Monte Carlo Reinsurance Rendezvous Roundtable, in which participants from across the insurance, reinsurance, and insurance-linked securities (ILS) market discussed a range of industry topics and trends.Since 1957 reinsurance companies, insurer clients, investors and service providers have met in Monte Carlo, Monaco at the reinsurance Rendezvous read the full article →

Is the ILS market ready to tackle cyber?

A lack of historical and contextual data continues to hinder the entry of the insurance-linked securities (ILS) market into the cyber re/insurance space, and with ‘silent’ cyber exposures adding further uncertainty, it might be easiest for the ILS sector to focus on affirmative cyber, at least to begin with.This is read the full article →

Re/insurers to partner with governments & capital markets on cyber risk: S&P

Given the enormous economic loss potential associated with cyber risks, rating agency Standard & Poor's feels it inevitable that insurance and reinsurance firms will look to both the government and capital markets to help in boosting available cyber risk capacity.In a new report on the reinsurance market's approach to cyber read the full article →

Capital One cyber attack designated as PCS Global Cyber loss event

The recent Capital One cyber hack attack and resulting significant data breach could lead to a significant cyber insurance and possibly reinsurance market loss, leading Property Claim Services (PCS) to designate the event.Our sister publication Reinsurance News explained over a week ago that U.S. and global banking and personal finance read the full article →

Allianz tests cyber risk securitisation, but “not priority number one”

Global insurance and reinsurance group Allianz has been testing out the securitisation of cyber risks and there transfer to capital markets investors, but the firms CFO explained recently not to expect an explosion of such activity, as it is "not priority number one."Through its industrial insurance and risk transfer group read the full article →

Alternative capital not hindering Munich Re’s cyber growth (yet)

Reinsurance giant Munich Re aims to keep a 10% share of the growing global cyber marketplace and so far says that alternative sources of capital are not impinging on the cyber sector, with little competition seen from ILS market sources.Much has been made of the potential for the insurance-linked securities read the full article →

Artemis Bermuda ILS Executive Roundtable 2019

Welcome to Artemis’ fourth ILS executive roundtable in Bermuda, in which our participants discussed a variety of opportunities and challenges that the reinsurance and insurance-linked securities (ILS) sector is dealing with as it responds to the losses of a second active year for global catastrophes.Against a backdrop of continued loss read the full article →