reinsurance

Through 2021, Bermuda headquartered insurance and reinsurance firm AXIS Capital managed down its catastrophe probable maximum losses (PML’s) through portfolio pruning and use of third-party capital.

Eclipse Re Ltd., the Horseshoe managed private syndicated collateralised reinsurance note, private catastrophe bond issuance and reinsurance transformer platform, has completed the first issuance we’ve seen of 2022, with a $75 million Eclipse Re Ltd. (Series 2022-1A) transaction coming to light.

The Insurance Council of Australia (ICA) has continued to count rising claims from the recent and in some parts ongoing extreme rainfall and flooding that has affected the Australian east coast region, with claims rising another 25% in the last day and an early estimate of $900 million being given for the insured cost so […]

Insurance and reinsurance broker Miller, the independent and private equity funded broking group, is seeking to build on its insurance-linked securities (ILS) activity in Bermuda with the hire of former Markel and Lodgepine employee John Duda.

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has launched impressive specific functionality to allow buyers and sellers of retrocession to trade in UNL, parametric and blended products.

As the insurance-linked securities (ILS) asset class moves forwards from a few challenging years, it’s key to deliver more predictable outcomes for the ILS investor base and to continue expanding the range of options available to them, Stephan Ruoff and Mark Gibson of Schroders Capital discussed in a recent video interview.

UK government backed mutual terrorism reinsurance firm Pool Re has upsized its new Baltic PCC Limited (Series 2022-1) terror catastrophe bond to £100 million in size, helping it to increase the size of its retrocession tower to UK £2.5 billion at the renewal, up from £2.475 billion a year ago.

The North Carolina Insurance Underwriting Association (NCIUA) has returned to the catastrophe bond market for its first issuance of 2022, seeking $300 million or more in collateralized reinsurance protection from a Cape Lookout Re Ltd. (Series 2022-1) issuance.

Hiscox ILS, the insurance-linked securities (ILS) and collateralised reinsurance underwriting unit of specialist underwriter Hiscox Group, raised $217 million in new assets in time for the January renewal season and started 2022 with an increased $1.6 billion in ILS assets under management.

Global reinsurance markets are expected to bear the brunt of the Australian east coast flood losses, according to S&P Global Ratings, while claims reported have risen by another 53% overnight.