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.


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 →

Markel CATCo and D.E. Shaw in collateral release dispute

Retrocessional reinsurance focused fund manager Markel CATCo Investment Management and tech focused hedge fund investor with a liking for reinsurance-linked returns D. E. Shaw & Co. are involved in a dispute over a release of collateral related to industry-loss triggered derivative contracts, we have learned. Publicly available court documents seen by read the full article →

CATCo retro fund expects $18.8m side pocket return of capital

The in run-off CATCo Reinsurance Opportunities Fund Ltd., the exchange listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is expecting to receive an $18.8 million return of capital from a range of side pockets in May, with the proceeds set to be used to redeem more read the full article →

Artemis Live: Interview with Tom Johansmeyer, Head of PCS

We've launched a new audio and video feature that will see us talking with leaders of the insurance-linked securities (ILS) and reinsurance industry and broadcasting them via our YouTube channel. Like everyone else, the shift to remote working that comes with the global coronavirus lock-down has made us think differently about read the full article →

Tremor’s weekly ILW auction clears first trade, capacity & bidders rise

Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has already cleared a trade in just the second holding of its new weekly auctions of industry loss warranties (ILW’s). Tremor launched the weekly online industry loss warranty (ILW) auctions from April 2nd 2020, aiming to bring together protection buyers with read the full article →

City National Rochdale ILW fund grows, sees dynamic & improving returns

City National Rochdale's industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund grew during the last quarter and saw "positive opportunities" at the January reinsurance renewals, with an expectation of the ILW market seeing dynamic conditions and improving returns. The City National Rochdale Select Strategies (CNRLX) is a mutual read the full article →

CATCo fund to redeem $29.34m shares at NAV, 40%+ above listed prices

The CATCo Reinsurance Opportunities Fund Ltd., the listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is set to buy-back almost $30 million of shares in a first compulsory purchase and the purchase is being made at NAV, which is well-above the current listed share prices for read the full article →

Silent pandemic risk & how to hedge it – Q&A with Tom Johansmeyer, PCS

Silent pandemic risk as akin to silent cyber. It's an exposure that is potentially secreted deep inside numerous lines of insurance and reinsurance business, with claims governed by contractual fineries and wordings. As a result it's an exposure that is hard to quantify, but that may require hedging. At a time read the full article →

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 →