Insurance linked securities news, ILS news

Capital and capacity is expected to be in abundance at the upcoming mid-year reinsurance renewals, but the management of it is expected to be more conservative, which could help to hold up rates, analysts suggest.

French headquartered investment bank and service provider BNP Paribas and Milliman, a leading provider of consulting services and benefit administration, were both instrumental in the delivery of the first insurance-linked securities (ILS) transaction to be governed by French law.

Discussions on the use of insurance, reinsurance and capital market products for disaster risk financing are rising up the agendas of international meetings focused on the Asia-Pacific region.

Arch Capital Group Ltd. is returning to the capital markets for its second mortgage insurance-linked securities (ILS) transaction of 2019, a $621 million Bellemeade Re 2019-2 Ltd. transaction.

Nephila Capital, the largest insurance and reinsurance linked investment manager, nearly doubled the amount of premiums underwritten through its Lloyd’s of London Syndicate 2357 in full-year 2018.

U.S. primary military mutual insurer USAA is returning to the catastrophe bond market in 2019 for what will be its 33rd Residential Re cat bond issuance, as it seeks to expand its capital markets backed multi-peril reinsurance protection.

Rob Procter, the co-founder of Securis Investment Partners, the independent London-headquartered insurance and reinsurance linked investment manager, has been assigned to the advisory board of Akinova, having also made an investment in the start-up.

The introduction of terrorism risk to the insurance-linked securities (ILS) market remains in its infancy, but the very supportive response from the investor base regarding Pool Re’s Baltic PCC Limited, the world’s first terror catastrophe bond, suggests the peril will be accepted.

Alternative sources of reinsurance capital, deployed into catastrophe bonds as well as through ILS funds and other collateralized vehicles, grew by a slower 9% to $97 billion in 2018, but is expected to “regain momentum” in the coming months, according to Aon.

Investors in the Scottish Re sponsored 2006 Ballantyne Re Ltd. Regulation XXX life insurance-linked securities (ILS) transaction look set to finally realise their losses, as a restructuring of the vehicle, novation of the underlying reinsurance and winding up procedure has been proposed.