Retrocession
Cat bonds to break records, but Collateralized Re to outpace: Reader poll
Our readers forecast more than $12 billion of catastrophe bond issuance in 2021, which would see the market setting a new record. But in terms of which area of insurance-linked securities (ILS) is likely to grow fastest, the collateralized reinsurance market is forecast to outpace cat bond market growth this read the full article →
SiriusPoint planning a “sidecar-like” retrocession program
SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, is planning for its retrocession program to be "sidecar-like", the company said. SiriusPoint came about after Bermuda headquartered, once total return focused reinsurer Third Point Re and read the full article →
PartnerRe gets Olympus investment for retro & specialty vehicle Laplace-C
Bermuda headquartered reinsurance company PartnerRe has set up a new retrocession and specialty reinsurance focused investment vehicle named Laplace-C and secured backing from private equity player Olympus Partners. Laplace-C has been established to take advantage of opportunities seen in the global reinsurance market at this time and we understand is just read the full article →
Retro market more balanced than first feared at Jan 1: Vickers, Willis Re
A combination of forces coalesced in the second-half of 2020 which served to reduce demand for retrocession capacity at 1/1, resulting in a less constrained marketplace than initially expected, according to James Vickers, Chair of Willis Re International. In the retro market at the key, January 1st, 2021 reinsurance renewals, “you read the full article →
ILS inflows expected to rise, as portfolios become cleaner: SCOR IP’s Rossary
Inflows to the insurance-linked securities (ILS) asset class are expected to rise over the coming months, as investor appetite increases, according to Fabrice Rossary, the Chief Investment Officer of SCOR Investment Partners. Alongside this, the ILS fund market has been working to improve the quality of the portfolios of risk it read the full article →
Akinova gets first Bermuda Insurance Marketplace Provider licence
Akinova, a company that has created a platform for the transfer and trading of insurance and reinsurance risks, has become the first to receive an Insurance Marketplace Provider licence in Bermuda. Akinova had previously become the first company to be authorised for an insurance regulatory sandbox licence from the Bermuda Monetary read the full article →
RSA & QBE say reinsurance to cover new BI claims after Court ruling
After Friday's ruling from the UK Supreme Court found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals, insurance carriers RSA Group and QBE, have said that at least a portion of the increase in gross pandemic losses due to the read the full article →
Hiscox lifts pandemic BI estimate by $48m net of reinsurance after Court decision
Hiscox Group, the insurance, reinsurance and third-party capital backed underwriter headquartered in Bermuda, is again the first to release a statement following this morning's announcement that the UK Supreme Court found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals. Hiscox has read the full article →
UK court substantially upholds pandemic business interruption judgement
The UK Supreme Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals. This judgement means some insurance firms will end up on the hook for many more business interruption claims from the COVID-19 pandemic than they had been hoping read the full article →
Business interruption test case, COVID wave lockdowns & reinsurance exposure
Reinsurance and also retrocessional exposure to the COVID-19 pandemic may rise if the final judgement in the UK Financial Conduct Authority’s (FCA)’s business interruption insurance test case goes against the industry. But that's not the only current threat, we understand, as new waves from the pandemic are also likely to test read the full article →
