Industry loss warranty news

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

Industry loss warranty contracts 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 warranties (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.


CATCo retro fund to return another $15.8m from side pockets

The in run-off CATCo Reinsurance Opportunities Fund Ltd., the exchange listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is set to return more trapped capital back to investors as its side pockets continue to prove more than adequate for certain older loss reserves. Markel CATCo Investment Management read the full article →

Cat bonds & ILW’s to benefit in any post-Covid-19 ILS market expansion: S&P

More predictable and transparent insurance-linked securities (ILS) structures, offering less ambiguous coverage, may be the immediate winners after the Covid-19 pandemic crisis, with catastrophe bonds and industry loss warranty (ILW) contracts an area set to receive increasing investor focus, according to S&P. S&P Global Ratings asked in a recent report whether read the full article →

Why large risk loss ILW’s are coming back (Covid-19 a factor): PCS’ Johansmeyer

Property Claim Services (PCS) has seen growing interest for its service that tracks global large onshore property losses of $500 million or greater and expects the first large risk industry loss warranty's (ILW’s) will be transacted soon. PCS launched the Global Large Loss service in the fourth-quarter of 2019 in response read the full article →

ILW price sheets slip further from reality, don’t reflect Florida firming

We can't speak for every reinsurance broking team that puts out a regular sheet of pricing indications for industry-loss warranty (ILW) protection, but many of the ones we've seen in the last couple of weeks (which include some of the bigger players) haven't updated their price indications for Florida wind read the full article →

Artemis Live: Interview with Sean Bourgeois, Tremor Technologies

We have another new addition to our Artemis Live series of video interviews with leaders of the insurance-linked securities (ILS) and reinsurance markets this week, featuring Sean Bourgeois, Founder & CEO of technology-based programmatic insurance and reinsurance risk transfer marketplace provider Tremor Technologies Inc. All of our Artemis Live video interviews read the full article →

Reinsurers withhold renewal capacity, as Berkshire & D.E. Shaw quote more

Some reinsurance firms and also a number of insurance-linked securities (ILS) funds have been holding back capacity in the hopes of finding a less competitive and even more profitable market opportunity after the main mid-year renewals are over, as cedents are expected to need additional top-up and hedging capacity. But adding read the full article →

Tremor’s ILW auctions see $100m of capacity a week, spreads narrowing

Tremor's weekly auctions of industry loss warranties (ILW’s) are gaining traction, with around $100 million of capacity available every week and spreads now narrowing fast as the reinsurance and retrocession markets harden. Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has made available some unique data insights into its read the full article →

Everest Re adds to hedges with ILW’s, Mt. Logan Re AuM stays flat

Everest Re, the global insurance and reinsurance firm, has been buying hedging protection in the form of industry-loss warranty (ILW) coverage in 2020, while catastrophe bonds and its Mt. Logan Re collateralised reinsurance vehicle also continue to play a key role in its protection for the all-important hurricane season. Speaking during read the full article →

Hiscox buys $100m of industry loss warranty (ILW) protection

Hiscox Group, the Bermuda headquartered re/insurer, has acquired additional retrocessional reinsurance protection against peak catastrophe risks with a $100 million slug of industry loss warranty (ILW) based protection secured in advance of the all-important hurricane season. Hiscox, as we reported earlier today, is taking a range of capital actions to ensure read the full article →

Expect silent pandemic risk in large insurance programs: Johansmeyer, PCS

Head of PCS, Tom Johansmeyer, tells Artemis that there’s a real sense across the marketplace that certain large, complex insurance towers are going to be affected by silent pandemic risk. Johansmeyer spoke with us in a recent video interview, which you can view in full along with our other video content read the full article →