globally systemically important insurers


Reinsurers won’t be on systemically important (G-SII) list: Kessler & S&P

Reinsurance companies won't be designated as systemically important (G-SII) because they aren't systemic, according to SCOR CEO Dennis Kessler, a view that is also held by rating agency Standard & Poor's. Speaking yesterday at an Insurance Institute of London lecture at Lloyd's, Kessler explained that in his view reinsurance companies do read the full article →

Collateralized retrocession reduces reinsurers systemic risk: S&P

Based on an analysis of extreme loss scenarios, Standard & Poor's says that it does not consider reinsurers' catastrophe risk exposure to be a source of systemic risk and that collateralized retrocession helps to reduce interconnectedness in the sector. The latest report in rating agency S&P's series of Global Reinsurance Highlights, read the full article →

IAIS classes ILS and cat bonds as traditional insurance activities

The International Association of Insurance Supervisors (IAIS) has published its assessment methodology and policy measures for global systemically important insurers, or G-SIIs. As we wrote previously, there had been some uncertainty about how insurance-linked securities and catastrophe bonds would be treated, but this has now been clarified. When the measures were read the full article →

Global insurers pose less systemic risk than global banks

The international insurance and reinsurance think-tank The Geneva Association has been one of the more vocal organisations on the topic of systemic riskiness of global insurers and reinsurers. Back in August they voiced concerns about the International Association of Insurance Supervisors (IAIS) work to identify 'globally systemically important insurers' saying read the full article →

IAIS proposes policy measures for globally systemically important insurers

Our regular readers will be aware that we've been following the work of the International Association of Insurance Supervisors (IAIS) which has been looking at ways to identify and manage what they term G-SII's or Globally Systemically Important Insurers. By insurer you can also read reinsurer and any entities involved read the full article →

IAIS to identify globally systemically important insurers, ILS are a factor

Our regular readers might remember that we wrote about a paper that the International Association of Insurance Supervisors (IAIS) had published in November which provided their thoughts on how the re/insurance industry interacts with the wider financial markets. The paper discussed systemic risk from re/insurers and identified insurance-linked securities and read the full article →