JLT Re adds Carter to lead structured & non-traditional EU reinsurance

JLT Re, global reinsurance broking and consultancy services provider, has appointed Matthew Carter as a Partner in its London Market & International Division, to lead structured and non-traditional reinsurance activities in the UK and Europe. In this role Carter will likely have close contact with the insurance-linked securities (ILS) market and read the full article →

Hiscox deploys $110m through collateralised reinsurance ILS funds

Bermuda headquartered insurance and reinsurance group Hiscox deployed $110m of its own and third-party sourced capital through collateralised reinsurance and insurance-linked securities (ILS) funds at the beginning of the year, less than it expected. Back in its November results statement Hiscox had said that it hoped to deploy as much as read the full article →

Non-traditional capital softening Australian reinsurance market: Marsh

The influence of non-traditional or alternative reinsurance capital from third-parties such as pension funds is spreading, according to insurance broker Marsh which cites inflows of new capital as a cause of the softening rate environment in Australia. According to Marsh, buyers of corporate insurance in Australia are benefitting from one of read the full article →

Hiscox planning ‘a number of collateralised reinsurance funds’ for 2014

As Bermuda headquartered insurance and reinsurance group Hiscox continues to grow its use of third-party reinsurance capital and insurance-linked securities it is planning to launch a number of collateralised reinsurance funds in 2014. Hiscox has leveraged third-party capital in a number of forms over the years, from quota share partners, syndicate read the full article →

Platinum Underwriters CEO: No plans to manage third-party capital

Platinum Underwriters Holdings, the Bermuda based provider of global property, casualty and finite risk reinsurance coverage, is not currently planning to manage third-party capital preferring to focus on providing adequate returns to its equity investors, according to the firms CEO. Platinum Underwriters is the first of the big insurance and reinsurance read the full article →

Should source of reinsurance capital worry corporate insurance buyers?

In an ideal world, should it matter to a corporate buyer of insurance if its insurers reinsurance program is backed by non-traditional reinsurance capital, perhaps third-party or capital market sourced, or traditional reinsurance capital from a rated reinsurers balance sheet? The answer, of course, is no. In a perfect world (insurance, read the full article →

In non-traditional reinsurance, pension fund capital may be stickiest: Platinum CEO

In its recent second-quarter earnings conference call Platinum Underwriters Holdings, a Bermuda based provider of property, casualty and finite risk reinsurance coverages to a global client base, CEO discussed the differing characteristics of non-traditional reinsurance capital depending on its source. As we wrote last week, Platinum Underwriters has been keenly watching read the full article →

Insurance-linked securities capacity here to stay: Hiscox CEO & Chairman

Both the Chairman, Robert Childs, and CEO, Bronek Masojada, of Bermuda headquartered insurance and reinsurance group Hiscox have said that they see insurance-linked securities (ILS) capacity as a permanent and growing feature of the wider insurance and reinsurance market. The comments were made as Hiscox reported its second-quarter 2013 results. Hiscox read the full article →

No cat bonds for Platinum, but buys $50m of non-traditional retro cover

Platinum Underwriters Holdings, a Bermuda based provider of property, casualty and finite risk reinsurance coverages to a global client base, has said that it chose not to issue any catastrophe bonds since its 2008 Topiary Capital transaction matured. It has however tapped alternative reinsurance capacity this year. Platinum has only issued read the full article →

Goldman Sachs goes neutral on reinsurance, capital flow into alternatives a factor

Readers of Artemis will know that we often discuss the increasing flow of capital from institutional investors into the non-traditional reinsurance space and the effect capital markets sourced capacity has on the traditional reinsurance market and on reinsurers. One of the effects of this influx of capital is pressure on read the full article →