Industry loss warranties news

News and articles about industry loss warranties (ILW). Industry loss warranties (ILW’s) are typically a fully-collateralised reinsurance transaction, often known as simply an ILW.

Industry loss warranties provide mainly retrocessional reinsurance protection, on an industry-loss trigger basis and can be structured as a derivative or swap, or a traditional reinsurance arrangement.

Industry loss warranty contracts (ILW’s) are popular hedging tools for global reinsurance firms, enabling them to hedge their broad industry exposure to major catastrophe losses using a contract that pays out based on the industry-wide loss experience from an event.


Stonybrook automates ILW price sheets with service

Stonybrook Capital, a specialist strategic advisory and investment banking firm focused exclusively on the insurance and reinsurance industry, has developed a service to make pricing of industry loss warranty (ILW) contracts more readily available and transparent. We’ve highlighted issues surrounding the pricing of industry-loss warranties (ILW’s) and broker’s pricing sheets before, read the full article →

City National Rochdale ILW fund lifts assets by 13%

City National Rochdale’s largely industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund increased its total net assets under management to $147.8 million by the end of October 2020, an increase of 13% in the quarter. The City National Rochdale Select Strategies (CNRLX) fund is an interval style mutual read the full article →

Quota share & ILW use rises in Bermuda, ILS use flat

The latest catastrophe risk stress testing analysis by the Bermuda Monetary Authority (BMA), of its property and casualty insurance and reinsurance market, shows up some interesting trends in the use of specific types of hedging, reinsurance and retrocession arrangements. Having surveyed its marketplace based on 2019 data, the results show that read the full article →

Munich Re lifts Jebi industry loss to $13bn, some ILW’s potentially in play

Global reinsurance firm Munich Re has lifted its estimate for insurance industry losses from 2018's Japanese typhoon Jebi to $13 billion, which we understand could put a handful of still-exposed industry loss trigger contracts such as ILW's in play. Munich Re provides estimates of insurance market losses for major catastrophe events read the full article →

Turker Re launches Capital Solutions unit & Turkey quake ILW product

Turker Re, a Lloyd's broker with a significant insurance and reinsurance broking footprint in the Turkish marketplace and surrounding region, has launched a new product offering of a Turkey earthquake industry loss warranty (ILW) as the first under a new Capital Solutions unit. The broker hopes to create a new market read the full article →

Conduit Re gets preliminary A- rating as start-up plans progress

Conduit Re, the pure reinsurance start-up looking to raise $1.1 billion with a London Stock Exchange listing and launch in Bermuda, has had an early signal of approval from rating agency AM Best, which has given the company an all-important preliminary A- rating. Conduit Holdings and Conduit Reinsurance are being launched read the full article →

Conduit Re expects to underwrite retro & ILW’s, collateralised an option

Conduit Re, the reinsurance company that is looking to raise $1.1 billion with a London Stock Exchange listing and launch in Bermuda, has retrocession, industry-loss warranties (ILW's) and also collateralised business within its sights. Being a new reinsurance company to the market, at a time when there has been significant private read the full article →

Artemis Live: Interview with Sidney Rostan, Head of ILS, SCOR Investment Partners

We've got a new video for you today, featuring an interview with Sidney Rostan, Head of ILS at SCOR Investment Partners, who is the latest industry executive to join our Artemis Live series. Leading insurance-linked securities (ILS) investments for the asset management group of global reinsurance company SCOR, Rostan shared his read the full article →

COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale

Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW's) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss read the full article →

Aon Reinsurance Solutions hires Pett from Nephila in Bermuda

Aon's Reinsurance Solutions division has announced the hire of Stephen Pett in Bermuda, who joins the broker from his most recent position with insurance-linked securities (ILS) fund manager Nephila Capital. Pett joins Aon as a Vice President and broker and will focus on instruments such as industry loss warranties (ILW's) other read the full article →