TransRe cautious & selective on fronting for ILS or third-party capital

TransRe, the Alleghany owned reinsurance brand name for Transatlantic Holdings, is approaching opportunities to provide fronting services for insurance-linked securities (ILS) or third-party capital providers with caution and opting to be selective about those it works with.Options in the world of fronting for ILS funds and capital providers shrank when read the full article →

Hannover Re forecasts ongoing moderate ILS market growth

German big four global reinsurance player Hannover Re continues to leverage the insurance-linked securities (ILS) market and appetite of investors for insurance related returns both for its own benefit, in terms of risk transfer, to support its clients needs and to generate fee income.The reinsurer said in Monte Carlo that read the full article →

SCOR may front for ILS funds: Conoscente

Speaking to Artemis from the SCOR lounge in Monte Carlo, Jean-Paul Conoscente, chief executive of SCOR Global P&C, outlined the company’s ambitious plans to place ILS at the heart of the business.He said the reinsurers remained “nimble”, giving the reinsurer the ability to innovate.SCOR’s latest strategic plan – Quantum Leap read the full article →

Hannover Re facilitates record number of ILS issuances in 2019: Sven Althoff

Hannover Re's role in the insurance-linked securities (ILS) market continues to be a significant contributor to the reinsurance firms earnings, with 2019 looking set to beat records as the firm facilitates an increasing number of ILS catastrophe bond placements and ILS trades.Speaking with Artemis, Sven Althoff, a member of Hannover read the full article →

Fronting & transformer carrier Transverse gets its A- rating

Transverse Insurance Group, a new program and fronting carrier that aims to help facilitate access to risk for insurance-linked securities (ILS) funds and investors, has now received its official A- rating from A.M. Best.Transverse Insurance has been in development for some time, with an experienced team creating a platform that read the full article →

Spinnaker’s growth ambitions to receive support from ILS market

Program and fronting service specialist, Spinnaker Insurance Company, expects further organic growth as it continues to scale its operations with the support of the insurance-linked securities (ILS) space, according to General Counsel, Nicholas Scott and Senior Vice President (SVP), Adam Tyburski.Launched in 2015 by ex-Arch Re Ingrey family members, the read the full article →

Nephila’s Velocity MGA adds North Carolina & New York coastal policies

Reinsurance, catastrophe and weather risk-linked investment fund manager Nephila Capital will add a new source of risk from the U.S. eastern seaboard, as its managing general agency (MGA), Velocity Risk Underwriters LLC has expanded into North Carolina and New York.Velocity Risk Underwriters said yesterday that it has further expanded its read the full article →

Transverse rated. Targets program fronting & transformation for ILS

Transverse Insurance Group, a new program and fronting carrier that aims to help facilitate access to risk for insurance-linked securities (ILS) funds and investors, has received a preliminary A- rating from A.M. Best.Transverse Insurance has been in the works for some time, as the experienced team looked to put together read the full article →

Hannover Re expanded ILS, risk transformation & fronting activities in 2018

In reporting its results this morning, global reinsurance firm Hannover Re has revealed significant growth in its insurance-linked securities (ILS) related activities, particularly in risk transformation and fronting for collateralised reinsurance.Hannover Re has become increasingly involved in the ILS market, acting as a conduit for its ceding clients to access read the full article →

Alleghany CEO warns re/insurers not to chase the ILS tail (risk)

Weston Hicks, the President of the Alleghany insurance, reinsurance and investment group, has warned re/insurers that provide fronting and transformation services to the ILS and collateralized market to beware of being left holding the tail risk.Hicks has a record of highlighting any potential issues he sees related to the ILS read the full article →