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Tremor launches weekly industry loss warranty (ILW) auctions

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, is launching weekly auctions of industry loss warranties (ILW's), with which it hopes to add efficiency to the process of ILW trading.Tremor noted the challenges currently being faced in the traditional insurance and reinsurance market due tot he Covid-19 coronavirus read the full article →

CATCo retro fund returns 4.3% for 2019 underwriting year

For its 2019 underwriting year investments, the retrocession focussed CATCo Reinsurance Opportunities Fund Ltd. managed a 4.3% return, according to its annual report.The exchange listed Markel CATCo Investment Management retrocessional reinsurance investment fund strategy is of course in run-off, as the other Markel CATCo strategies are. But the investments made read the full article →

CATCo fund directors “will not raise further capital in any circumstances”

The directors of the listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd., have confirmed that they won't look to raise further capital "in any circumstances".The announcement confirms the strategy to run-off and shutter all of the Markel CATCo Investment Management retrocessional reinsurance investment read the full article →

ILW market growth to come from specialty & cyber risks: Johansmeyer

The industry-loss warranty (ILW) market can be a driver of diversification for the insurance-linked securities (ILS) market as a whole, with growth expected in specialty lines and cyber risks.This is according to Tom Johansmeyer, Head of PCS, who spoke with A.M. Best TV at our recent New York insurance-linked securities read the full article →

Chilean riot losses show need for hedging solutions, including ILS: PCS

Insurance and reinsurance market losses from the Chilean riots that took place in 2019 are continuing to rise and the magnitude of the industry loss, as well as the fact their size and location has been relatively unexpected in some quarters, means reinsurers are likely to be looking for hedging read the full article →

PCS launches industry loss index & estimates for Latin America

Property Claim Services (PCS) will now provide industry loss data aggregation and index reporting for the entire Americas, from Canada to Argentina, with the launch of a Latin America service in response to client demand.PCS, a Verisk Analytics business, already provides loss aggregation and reporting solutions for property catastrophe risks read the full article →

Japanese ILW market set to grow as PCS takes share: Johansmeyer

The Japanese industry-loss warranty (ILW) market is recovering and set for growth, helped by the availability of PCS’ product in the region which is seeing increasing uptake.After two consecutive years of heavy typhoon related losses in Japan, retrocessional reinsurance market capacity has been dented.ILW’s structured against Japanese wind were tied read the full article →

Markel CATCo proposes compulsory buy-backs of listed retro fund shares

Retrocessional reinsurance investment manager Markel CATCo is proposing to make compulsory redemptions or buy-backs of some of the remaining shares of its listed and in run-off investment strategy the CATCo Reinsurance Opportunities Fund Ltd.Markel CATCo Investment Management has been managing the run-off of its retrocessional reinsurance fund strategy over recent read the full article →

ILW pricing rises after renewals for US, EU & JP coverage triggers

Indicative pricing for industry-loss warranty (ILW) structured retrocessional reinsurance protection has risen for U.S. and European wind and storm related perils, with some relatively significant increases seen at certain trigger levels.These recent increases to indicative ILS pricing and rates-on-line have only been applied to certain broker pricing sheets after the read the full article →

Turkish quake ILN issued at $7m by Tullett Prebon platform

The Tullett Prebon operated Insurance Linked Notes (ILN) platform has successfully completed its second issuance and settlement of catastrophe risk linked notes, with a $7 million Turkish earthquake exposed industry loss deal transacted with capital market investors.Electronic and voice interdealer broker and part of the TP ICAP group Tullett Prebon read the full article →