Insurance linked securities news, ILS news

Articles discussing insurance linked securities (ILS), ILS fund managers, insurance-linked securities funds, insurance-linked security transactions such as catastrophe bonds, and other reinsurance linked investment initiatives.


Hurricane Sally U.S. insured losses estimated up to $3.5bn by RMS

Catastrophe risk modeller RMS has estimated that total U.S. insurance and reinsurance industry losses from Hurricane Sally will be between $2 billion and $3.5 billion. This estimate, which includes wind, storm surge, and inland flood losses across parts of the Gulf and Florida regions, also includes losses to the National Flood read the full article →

Aon: Reinsurers won’t cover cost of own capital, but raise new alternative capital

Broking giant Aon said that reinsurance companies included in its Aon’s Reinsurance Aggregate won't cover their cost of capital in 2020, after loss ratios rose on the COVID-19 pandemic. But the broker also noted that some reinsurance companies have been successful in raising new alternative capital, which of course begs the read the full article →

Sidecars helped Swiss Re attract capital in difficult times: CEO Mumenthaler

The alignment inherent in the collateralised reinsurance sidecar vehicles that Swiss Re operates has helped the company to attract fresh ILS capital even during difficult times, the firms CEO Christian Mumenthaler told us. Speaking in a recent Artemis Live video interview, Mumenthaler explained how the world's largest reinsurer Swiss Re is read the full article →

Asian ILS market to benefit regional re/insurers: Fitch

The development and growth of an insurance-linked securities (ILS) market in Asia can only be a benefit to local insurance and reinsurance carriers, as well as those operating regionally, as the capital markets capacity can help them expand their ability to underwrite and diversify capacity sources, rating agency Fitch explained read the full article →

RGA explored pandemic risk transfer, including catastrophe bonds

Reinsurance Group of America (RGA) has explored a variety of ways of transferring mortality risks related to pandemics off its books, including capital markets backed instruments such as catastrophe bonds. The life focused reinsurance firm has a significant mortality book, of course, as a result of which pandemics are one of read the full article →

Not everything in ILS comes down to models: Chin Liu, Amundi Pioneer

When it comes to building a portfolio of insurance-linked securities (ILS) and reinsurance linked investments, there is more to quality and return potential than simply following models, according to Chin Liu of Amundi Pioneer. Liu is a Director of Insurance-Linked Securities and a Portfolio Manager at Amundi Pioneer, managing over $90 read the full article →

Fitch reviews Arch mortgage ILS deals, notes substantial delinquency increase

Fitch Ratings has reviewed a number of outstanding mortgage insurance-linked securities (ILS) deals sponsored by Bermuda-based insurance and reinsurance group Arch Capital Group, noting the substantial increase in mortgage delinquencies due to the Covid-19 pandemic. As yet, Arch Capital has not revealed that any of its Bellemeade Re mortgage insurance-linked notes read the full article →

Western U.S. wildfire insured losses estimated up to $8bn by RMS

Insurance and potentially reinsurance market losses from the ongoing wildfires across western U.S. states are now estimated to have reached between $4 billion to as much as $8 billion, by catastrophe risk modeller RMS. The range is closely aligned with Moody's prediction for industry losses from the wildfires so far this read the full article →

Peak Re hires Andrew Souter for Director of Markets role

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, has announced the hiring of Andrew Souter, to the role of Director of Markets. Souter, formerly of Willis Re and more recently of Pioneer Underwriters, who he joined in 2019, will be tasked with developing Peak Re's read the full article →

Collateral held in trust for ILS transactions rises 11% for Hannover Re

Global reinsurance firm Hannover Re has been quietly expanding its activities in the insurance-linked securities (ILS) space for some time, as a key facilitators for collateralised transactions and acting as a front for certain ILS funds and investors. Every so often, more details emerge on the growth of this side of read the full article →