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ILW payouts on the cards after typhoon Jebi loss estimate rises

Typhoon Jebi has already become the loss creep story of 2019 so far, but it's set to become an even higher profile case as a rising industry loss estimate for the storm means it's now expected that a number of industry loss warranty (ILW) contracts will payout.We understand that one read the full article →

ILW prices rise for Florida wind triggers as renewal approaches

Indicative pricing for certain types of industry-loss warranty (ILW) backed retrocessional reinsurance protection has been on the rise, with Florida wind and as a result U.S. all natural perils seeing the largest increases of in advance of the mid-year renewals.In 2019 there has been a scarcity of capacity for certain read the full article →

AkinovA selects matching engine & compliance tech from Aquis

AkinovA, one of the insurtech start-ups targeting provision of a marketplace for digital trading of reinsurance risk, has selected Aquis Technologies to provide it with necessary matching engine and compliance related software.Akinova has been promising delivery of a digital platform for transfer and trading insurance and reinsurance risks as it read the full article →

Insurtech AkinovA gets investment from Hiscox & MS&AD

Digital risk trading insurtech start-up Akinova has secured an investment boost from reinsurance firm Hiscox Re and the venture arm of Japanese insurance holding company MS&AD.Akinova promises a digital platform for transfer and trading insurance and reinsurance risks and is looking to launch with an industry-loss warranty (ILW) type of read the full article →

Miller completes acquisition of ILW broker Alston Gayler (AG)

Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW), has completed its acquisition of Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG).Alston Gayler has a recognised ILW broking practice specialty and experience broking to collateralised reinsurance markets as a result and read the full article →

ILW pricing stays relatively flat since recent catastrophe losses

Pricing for industry-loss warranty (ILW) backed retrocessional reinsurance protection has not shifted significantly since the aggregation of recent catastrophe loss events, with brokers still pitching capacity at the same rates as prior to the wildfires, sources have told us.Since the California wildfires are now assumed to be a $15 billion read the full article →

ILW triggers on watch for typhoon Jebi, hurricane Michael & wildfire losses

The industry loss warranty (ILW) market is waiting nervously for confirmed estimates of industry losses to emerge for a number of recent catastrophe events around the globe, with certain trigger points on-watch and further ILW losses possible in the coming weeks.The ILW market, which largely provides retrocessional forms of reinsurance read the full article →

Paul Jardine joins risk trading start-up Akinova’s advisory board

Paul Jardine, of Catlin and XL Catlin experience, is the latest senior figure to join the advisory board of digital risk trading insurtech start-up Akinova.Jardine was most recently the Executive Vice President and Chief Experience Officer of insurance and reinsurance firm XL Catlin, which is now part of AXA XL.Prior read the full article →

ILS vehicle listed for Tullet Prebon insurance-linked note platform

An insurance-linked securities (ILS) vehicle has been listed on the Bermuda Stock Exchange (BSX) that will ultimately house transactions entered into on the Tullett Prebon owned Insurance Linked Notes issuance and trading platform.Tullett Prebon, an electronic and voice interdealer broker that is part of the TP ICAP group, announced the launch read the full article →

ILW broker Alston Gayler (AG) to be acquired by Miller

Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG), which has a recognised ILW broking practice, is to be acquired by fellow broker Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW).Alston Gayler (AG) is well-known as a broker in the insurance-linked read the full article →