Quota Share

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), saw its overall assets across its mutual ILS funds shrink slightly in the last quarter of record.

It’s becoming clear that some constituents of the insurance-linked securities (ILS) market are taking advantage of opportunities presented during the current period of reinsurance market dislocation and the lack of capacity in certain areas of the sector.

Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), has continued to expand its more catastrophe bond focused mutual ILS fund strategy in the last quarter of record.

Rate increases alone are no longer considered sufficient to improve the underwriting results of insurance-linked securities managers and reinsurance firms, according to AM Best, who believes that after consecutive years of heavy catastrophe losses the only answer is continued improvement of the quality of portfolios of risk.

Fidelis Insurance Holdings Limited, a specialist underwriter of insurance and reinsurance, appears to have performed a renewal transaction of sorts under its Socium Re collateralised and quota share focused reinsurance sidecar for 2022, Artemis has learned.

Global insurance and reinsurance giant Zurich reported that through 2021 it once again lent more heavily on reinsurance and retrocessional capital sources, ceding US $9.2 billion of property and casualty (P&C) premiums to them, an increase of 7% over 2020.

Direct to consumer homeowners insurtech Kin Insurance appears to have an ambition to take greater control of its reinsurance arrangements, as it has established a Bermuda based captive reinsurance platform and a related holding company named Kincession, Ltd.

The recently completed repeat of a landmark Asian property catastrophe risk collateralised reinsurance sidecar arrangement by MS Amlin was backed by a number of Asian investors, the company has revealed.

Ross Stevens, the CEO of Stone Ridge Asset Management, a New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), has declared that right now his firm has the highest forward conviction on the reinsurance sector since its launch in 2013.

MS Amlin has returned to the capital markets for a repeat of its landmark Asian property catastrophe risk collateralised reinsurance sidecar arrangement, with a $37.5 million issuance of Series 2022-1 notes through newly established Singapore SPV Phoenix 2 Re Pte. Ltd.