industry loss warranty

Share

Rochdale ILW fund puts capital to work, grows, but Irma dents returns

Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop.The City National Rochdale Select Strategies Fund is read the full article →

Markel CATCo begins returning capital to listed fund shareholders

Markel CATCo Investment Management has begun returning capital to shareholding investors in its listed retrocessional reinsurance investment fund, with almost $16 million set to be returns by way of an interim dividend.The Board of the Markel CATCo exchange listed managed fund recommended an orderly run-off of the fund’s portfolios of read the full article →

$10m insurance-linked notes from first Tullett Prebon deal list on BSX

Following the first successful catastrophe risk transaction to use the Tullett Prebon owned Insurance Linked Notes (ILN) platform, $10 million of insurance-linked securities (ILS) have now been listed on the Bermuda Stock Exchange (BSX).The first issuance and settlement of catastrophe risk linked notes through the ILN platform was recently completed read the full article →

Tullett Prebon insurance-linked note platform completes first issuance

The Tullett Prebon owned Insurance Linked Notes (ILN) platform has successfully completed its first issuance and settlement of catastrophe risk linked notes, in a transaction involving at least one ILS fund manager in LGT ILS Partners.Tullett Prebon, the electronic and voice interdealer broker and part of the TP ICAP group, read the full article →

ILW trading increased on higher pricing at mid-year renewals: Aon

Industry loss warranty (ILW) trading picked up around the middle of the year, as tailwinds drove higher pricing and increased demand also played a factor in driving volumes up, according to Aon.The insurance and reinsurance brokers capital market unit Aon Securities reports that market pricing and clients willingness to pay read the full article →

Markel hires Brenton Slade as President of Lodgepine retro ILS play

Markel Corporation has hired Brenton "Brent" Slade from Hamilton Insurance Group to be the President of its newly launched retrocessional reinsurance ILS fund management unit Lodgepine Capital Management Limited.Brent Slade joins Lodgepine Capital Management Limited, the Markel owned retrocessional ILS fund operation based in Bermuda, from his most recent position read the full article →

Markel CATCo warns of exposure to hurricane Dorian, Typhoon Faxai

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has warned that investors in the 2019 portfolios of its listed fund are exposed to potential losses from recent catastrophe events hurricane Dorian and typhoon Faxai.The investment manager is currently running off its retrocessional reinsurance investment strategies, but having written new read the full article →

Akinova looks to standardisation of ILS risk transfer with ACORD

Akinova, the start-up aiming to launch a platform or marketplace for the transfer and trading of insurance and reinsurance risks, has donated some of its data assets related to ILS to global standards-setting body ACORD.The aim is to showcase standardised insurance-linked securities (ILS) related assets more broadly to the insurance read the full article →

Markel reveals Lodgepine Capital Management, its new retro ILS platform

Markel Corporation has revealed its awaited new retrocessional reinsurance ILS fund management unit, which is based in Bermuda and called Lodgepine Capital Management Limited.The new Markel insurance-linked securities (ILS) fund manager will focus on retrocession and has launched today along with a reinsurance company, Lodgepine Re.Markel said that Lodgepine Capital's read the full article →

Informal ILW triggers can cause trapped collateral & basis risk, PCS warns

The use of informal data sources as inputs to industry loss warranty (ILW) triggers can cause issues related to collateral such as its trapping and produce additional basis risk, according to Property Claim Services (PCS).PCS has produced a report that analyses analysis challenges faced by the global industry loss warranty read the full article →