reinsurance

A collateralized insurer class of company has now officially been registered in Bermuda, with Vesttoo Alpha P&C Ltd. set to play a pivotal role in the companies platform and offering of P&C insurance returns to investors.

The lines between third-party capital, so that allocated by investors and often structured into insurance-linked securities (ILS), and traditional insurance and reinsurance capital, are continuing to blur.

Florida’s residual market insurer, or insurer of last resort, Citizens Property Insurance Corporation, could get back to record levels of exposure and policies under management, if the “extreme dysfunction” of Florida’s property insurance market persists and the private market’s appetite to take on risk there remains limited.

United Insurance Holdings Corp. (UPC Insurance) has announced a plan for its personal lines subsidiary United Property & Casualty Insurance Company (United P&C) carrier to withdraw from operations and go into an orderly run-off.

Insurance-linked securities (ILS) fund managers have been working to free trapped capital related to possible COVID pandemic related losses in European reinsurance contracts, with commutations being pursued, AM Best has reported.

Aon Insurance Managers (AIM), the unit of the global insurance and reinsurance broker that deals with insurance management, including of commercial, captive and insurance-linked securities (ILS) vehicles, has expanded the roles of two well-known executives to encompass additional global responsibilities.

There is now less than a fortnight until our first insurance-linked securities (ILS) market conference held in the UK. Over 200 people are now registered for the event but some tickets are still available for Artemis London 2022, which is taking place on September 6th 2022.

The trend of increased new issuance volume in catastrophe bonds is expected to continue, with positive growth of the cat bond market expected as a result, according to Swiss Re Capital Markets.

Accelerant, the insurtech that aims to help its members exchange and transfer risk more effectively and also connect them with long-term capital, has launched a $175 million reinsurance sidecar structure named Flywheel Re.

The era of catastrophe-focused traditional reinsurers appears to be over, rating agency AM Best announced today, as the pulling-back continues in some quarters, while the addition of more diversifying lines of business accelerates among once cat-specialist US and Bermuda based reinsurance firms.