Quota Share


One sidecar pulled on lack of investor appetite, others questioned on terms

One collateralised reinsurance sidecar transaction that had been lined up for the January 2019 renewals has been pulled due to a lack of appetite from investors, while at the same time other sidecar arrangements are now being questioned for changes being proposed to their terms, Artemis understands.It's shaping up to read the full article →

Stone Ridge reinsurance interval fund redemptions oversubscribed

For the first time in the mutual insurance-linked securities (ILS) funds history, the Stone Ridge Reinsurance Risk Premium Interval Fund has seen applications for its latest quarterly share repurchase program become oversubscribed, Artemis has learned.With the reinsurance fund being an interval and mutual fund structure, registered under the U.S. Investment read the full article →

Hannover Re cedes 40% or EUR 233m of major losses in 2018 to-date

German reinsurance giant Hannover Re benefited from its retrocessional protections in the third-quarter of 2018, ceding roughly 40% of its major loss impacts which amounted to just over EUR 233 million during the first nine-months of the year, over EUR 190 million of which was in Q3 alone.The third-quarter saw read the full article →

Sidecar activity demonstrated post-loss opportunity: Aon

Activity in the collateralized quota share reinsurance sidecar space lifted following the major losses of 2017 and with $2.9 billion of limit secured through sidecar deals in the year to June 30th 2018 Aon notes that this "demonstrates the opportunity that both sponsors and investors see following catastrophe events."Reinsurance sidecars read the full article →

IAG adds stop-loss protection as part of increased reinsurance spend

Australian primary player Insurance Australia Group (IAG) has spent significantly more on its reinsurance protection in the last six months and added stop-loss protection to cover it when catastrophe losses go above its natural perils budget and servicing a larger overall program.At the January reinsurance renewal earlier this year IAG read the full article →

ILS backing quota shares outpacing sidecar activity

One of the ways the insurance-linked securities (ILS) and investments market has expanded in recent months is through backing quota share-type arrangements for a range of ceding companies, with this activity now outpacing collateralized reinsurance sidecars and helping to provide capacity to support ILS asset growth.Quota shares are becoming an read the full article →

Vegard Nilsen named CEO at Securis, Procter to focus on investments

Securis Investment Partners LLP, the London-based ILS investment manager, has named long-standing employee and previous Chief Operating Officer Vegard Nilsen as the firm's new Chief Executive Officer, while co-founder Rob Procter continues as Chief Investment Officer.Nilsen has been with Securis since the ILS fund manager began in 2005, working his read the full article →

Securis sees StarStone relationship as enhancing access to primary risks

Securis Investment Partners LLP, the London based ILS investment manager, has entered into a new arrangement with property, casualty and specialty lines insurance company StarStone which will see Securis better accessing risks from primary catastrophe insurance.Securis already has an existing platform at Lloyd's, a special purpose vehicle that accesses excess read the full article →

Hannover Re grows its K-Cession placement to $600m for 2018

Global reinsurance firm Hannover Re has increased the size of its regular K-Cession capital markets retrocession placement to $600 million for 2018, as the reinsurer continued to leverage ILS funding as a source of protection and to augment its own capacity.A year ago Hannover Re's K-Cession placement, which sees the read the full article →

IAG sets up 12.5% quota share with Munich Re, Swiss Re and Hannover Re

Australian primary insurance group IAG has entered into a five-year 12.5% quota share arrangement with reinsurance giants Munich Re, Swiss Re and Hannover Re, in a transaction that will see the insurer passing on more of the risks it underwrites, while the reinsurers benefit from gaining access to diversifying risks.Effectively, read the full article →