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.
Indicative pricing for certain types of industry-loss warranty (ILW) backed retrocessional reinsurance protection has been on the rise, with Florida wind and as a result U.S. all natural perils seeing the largest increases of in advance of the mid-year renewals.
Read the full article
Catastrophe exposure, as measured by insured property values featured in the PERILS AG Industry Exposure Database, increased for European windstorm risks and other territories covered by the service provider in its latest exposure database update.
Read the full article
Hurricane industry losses from the 2018 season have risen with hurricane Michael now estimated to have caused an industry loss of $11 billion, while hurricane Florence is estimated at $5.5 billion, both according to insurance and reinsurance broker Aon.
Read the full article
Reinsurance market sources are suggesting that the industry loss from typhoon Jebi in Japan will get closer to $12 billion, as loss creep continues from what is the most costly typhoon event to ever hit the country.
Read the full article
Markel CATCo Investment Management’s stock exchange listed retrocession focused investment fund the CATCo Reinsurance Opportunities Fund is set to be run-off, after investors almost unanimously approved the proposal.
Read the full article
AkinovA, one of the insurtech start-ups targeting provision of a marketplace for digital trading of reinsurance risk, has selected Aquis Technologies to provide it with necessary matching engine and compliance related software.
Read the full article
Markel Corporation is “incredibly optimistic” about the potential for its insurance-linked securities (ILS) business to drive growth and profits for the firm.
Read the full article
After a challenging 2017 and 2018 for Markel CATCo investors, the largely retrocessional reinsurance investment fund managers strategies had a chance to demonstrate their return potential in January 2019.
Read the full article
The Board of stock exchange listed retrocessional reinsurance investment fund the CATCo Reinsurance Opportunities Fund said today that it has agreed to a waiver of one-third of the management fees related to side-pocketed investments that it would normally pay to Markel CATCo Investment Management.
Read the full article
Markel CATCo Investment Management looks likely to run-off the portfolios of retrocession reinsurance from its stock exchange listed fund the CATCo Reinsurance Opportunities Fund.
Read the full article
