insurance linked securities

Share

ILS NYC 2020: Horseshoe & Schroder Secquaero speakers join

With less than two months to go until our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020, we have some more speakers to announce. Please register soon to secure your ticket at the best possible price.We’re holding our fourth annual insurance-linked securities (ILS) conference held in read the full article →

Aberdeen says struggling to find ILS opportunity with “satisfactory risk-return”

It looks like Aberdeen Standard Investments may exit the insurance-linked securities (ILS) sector, as it has struggled to find a new investment opportunity that meets its risk and return target requirements, while fitting the mandate of one of its funds.The Aberdeen Diversified Income and Growth Trust plc investment fund had read the full article →

Climate threat needs capital response, but industry has to give it confidence

The economic consequences of climate change may prove particularly severe for insurance and reinsurance companies in the property and casualty (P&C) space, presenting both a threat and an opportunity, but the latter may require access to capital to take full advantage of it.Recently, rating agency Moody's reiterated its stable outlook read the full article →

Swiss Re back with $175m Matterhorn Re 2020 named storm cat bond

Global reinsurance giant Swiss Re has returned to the catastrophe bond market and is seeking to sponsor its second Matterhorn Re catastrophe bond in six months, as it looks to secure at least $175 million of retrocession against U.S. named storm losses.The twin tranche Matterhorn Re Ltd. (Series 2020-1) catastrophe read the full article →

Typhoon Kammuri (Tisoy) causes significant damage, but Philippines cat bond expected safe

The extent of the devastation caused by recent typhoon Kammuri's impacts on the Philippines has become clearer, as the latest report from the government shows more than 460,000 properties damaged.Typhoon Kammuri, known locally as typhoon Tisoy, made landfall in the Philippines as a strong Category 3 or 4 equivalent storm, read the full article →

Lodgepine Reinsurance the first Bermuda “Collateralized Insurer”

Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, has become the first to register a vehicle under Bermuda's recently established "Collateralized Insurer" class of company.Bermuda's regulator designed the collateralized insurance and reinsurance class of Limited Purpose Insurer (LPI) as a response to the increasing read the full article →

Hong Kong’s Carrie Lam reaffirms intentions on ILS & cat bonds

Hong Kong is still aiming to establish itself as a local market hub for insurance-linked securities (ILS) and catastrophe bond business, with its key focus to help Chinese mainland insurance or reinsurance companies access the capital markets.Hong Kong is uniquely placed to act almost as a type of transformer for read the full article →

RenaissanceRe returns to cat bonds with $250m Mona Lisa Re 2020-1

Bermuda-headquartered global reinsurance firm RenaissanceRe is returning to the catastrophe bond market for the first time since 2013, with a $250 million or larger Mona Lisa Re Ltd. (Series 2020-1) transaction, a clear sign that retro market conditions are making cat bond coverage more attractive to sponsors.RenaissanceRe (RenRe) has never read the full article →

Education seen as barrier to public sector partnerships for ILS

“Collaboration and education” remain the key challenges when it comes to partnerships between the insurance-linked securities (ILS) market and public sector organisations, according to industry executives.Speaking at the recent ILS Bermuda Beyond Convergence event in London, experts explained that the industry has made a lot of progress in working with read the full article →

Blue Halo Re 2016-1 cat bond principal reduced again

The Class B tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, originally sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has seen a further small reduction in its principal as presumed loss payments to its beneficiary continue.We reported back in July read the full article →