All of our news and analysis on the retrocessional reinsurance marketplace.
Retrocession is effectively reinsurance for reinsurers, so a tertiary layer of risk transfer away from the original risk, if you consider primary, reinsurance and then retrocession.
As reinsurance is insurance for insurers, retrocessional, or retro, protection is reinsurance for reinsurers.
The retrocession reinsurance market has increasingly come to depend on the capital markets and insurance-linked securities (ILS).
As of mid-year 2022, global retrocession capacity has been estimated to be as high as $60bn, around $20bn of which is indemnity based and the rest in other formats.
The alternative capital markets and ILS funds, or investors, play a significant role in global retrocession, as too do instruments such as catastrophe bonds and industry-loss warranties (ILW).
Augment Risk, the risk capital and reinsurance solutions broking firm, has hired well-known insurance-linked securities market executive Brad Livingston, who joins the firm to strengthen its ILS team and in particular is expected to help grow the private ILS offering in property risk, given his collateralized reinsurance expertise.
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A second catastrophe bond is coming to market via Gallagher Re’s new Arthur Re Ltd. platform, with a $75 million target for industry-loss triggered multi-peril reinsurance to benefit the Fidelis Partnership linked Syndicate 3123 at Lloyd’s, through this Arthur Re Ltd. – Woody Re 2026-1 issuance, Artemis can report.
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Willis Re, the reinsurance advisory and broking joint venture between WTW and Bain Capital, has announced that it has appointed Jonathan Ogilvie as Global Head of Non-Marine Specialties, and Chris Dart as Head of Treaty Reinsurance, Bermuda, effective immediately.
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Willis Re, the reinsurance advisory and broking joint venture between WTW and Bain Capital, has appointed reinsurance and retrocession veteran John Fletcher from Guy Carpenter as Chief Executive Officer of its Bermuda platform, effective immediately.
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Gallagher Re’s new Arthur Re Ltd. platform adds another dimension to the reinsurance broker’s global retrocession offering, and according to Jason Bolding, Global CEO of Gallagher Securities, the platform allows the firm to bring clients more flexible capital solutions while streamlining the issuance process for index-based catastrophe bonds.
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Everest Re, the global reinsurance unit of Everest Group, has returned to the catastrophe bond market in search of at least $530 million of multi-peril collateralized North America focused retrocession with three and four year tenure Kilimanjaro III Re Ltd. (Series 2026-1) and Kilimanjaro III Re Ltd. (Series 2026-2) transactions, Artemis can report.
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Today we are excited to begin announcing expert speakers for our next catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2026. Join us in London on September 1st for a full-day of in-depth discussion about the ILS market and valuable networking, register to attend the conference here.
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Miller, the independent specialist re/insurance broker has appointed Peter Stubbings, a renowned reinsurance and retrocession broking team leader as Chairman of Miller Bermuda, where he will support the continued growth of the firm’s reinsurance and retro offering across the Bermuda market.
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While the hard market in property insurance and reinsurance has ended and the direction of travel for rates is generally down, Ian Beaton CEO of global specialty re/insurer Ark said he still feels there is rate adequacy this year and maybe into next. But, given the investor interest in casualty ILS, he was less certain […]
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Gallagher Re’s new Arthur Re Ltd. platform for index-trigger catastrophe bond transactions demonstrated how it can deliver on efficiency and speed to market with the recent $150 million Arthur Re Ltd. – Quercian Re 2026-1 issuance for first-time cat bond sponsor Oak Global, executives have said.
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