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.
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.
Read the full article
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).
Read the full article
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.
Read the full article
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.
Read the full article
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.
Read the full article
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.
Read the full article
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.
Read the full article
Markel Corporation has revealed its awaited new retrocessional reinsurance ILS fund management unit, which is based in Bermuda and called Lodgepine Capital Management Limited.
Read the full article
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).
Read the full article
Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.
Read the full article
