industry loss warranty


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 →

Bushfires trap Markel CATCo retro fund capital as Irma creeps again

The Australian bushfire disaster has caused some capital to be trapped within the listed retrocessional reinsurance investment fund strategy operated by Markel CATCo, while continued loss creep from hurricane Irma also hit exposed positions at the end of 2019.The 2019 portfolio of stock exchange listed and in run-off retrocessional reinsurance read the full article →

PCS used as trigger source for first New Zealand exposed ILW transaction

Property Claim Services (PCS) has expanded its activities around the world with the introduction of new regions where its industry loss data aggregation and index reporting services are available and the market is responding, with new transactions being placed using PCS data as a trigger source.The most recent success is read the full article →

Investors circle CATCo shares on increases & potential subrogation benefit

Investors are circling shares in retrocessional reinsurance investment manager Markel CATCo's listed insurance-linked securities (ILS) fund, partly due to share price increases experienced in recent weeks, but also over the potential for subrogation to benefit any holdings they have.Evidencing this, one value investor, Almitas Capital LLC based in California, has read the full article →

Markel CATCo listed retro fund adds new director

Markel CATCo Investment Management has added a new director to its stock exchange listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd.The Board of the retro reinsurance fund announced that they have appointed Arthur Jones as a non-executive Director effective yesterday. Jones will also read the full article →

PERILS investigates Venice & UK floods and Australian bush fires

Industry backed catastrophe loss data aggregator and estimator PERILS AG is investigating three recent events around the globe, to establish whether they will meet the various thresholds for each region and peril to warrant regular reporting.Severe weather has led to a number of catastrophe events in countries where PERILS tracks read the full article →

CATCo sees 25% Hagibis, Faxai & Dorian hit to 2019 capital deployed

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management expects that the combined impacts of recent catastrophe events typhoon Hagibis, typhoon Faxai and hurricane Dorian will result in a roughly 25% impact to capital deployed in the 2019 portfolio of its listed fund.Markel CATCo has today revealed its potential exposure read the full article →

Irma loss creep still evident, but reinsurance impact slowing

Loss creep from hurricane Irma has remained evident for the major insurers operating in Florida in the third-quarter of the year, but the impact to reinsurance markets is slowing and the Florida Hurricane Catastrophe Fund (FHCF) has been soaking up much of the new claims inflation, at least from larger read the full article →

ILW demand rising, prices could soar for Japanese wind triggers

Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised.At the same time, we're told demand for ILW capacity covering read the full article →