Retrocession
Terror risk a “useful but complex diversifier for ILS funds” – IFTRIP
Terrorism insurance and reinsurance risks are seen by investors as a useful but complex diversification opportunity for their ILS funds, hot topics discussed at the annual IFTRIP conference suggested.The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) annual conference was held in Brussels last week and insurance-linked securities (ILS) and read the full article →
AXIS says Q3 cat losses up to $175m, much higher than analyst estimates
AXIS Capital Holdings Limited has announced a preliminary estimate that its third-quarter 2019 catastrophe losses from events including hurricane Dorian and Japanese typhoons will total from $150 million to as much as $175 million, net of recoveries from reinsurance and retrocession.This is significantly higher than analysts had been expecting, with read the full article →
Arch reports higher than expected Q3 cat losses of up to $75m
Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has estimated that it will suffer between $65 million to as much as $75 million of losses from catastrophe events in the third-quarter, a level higher than analysts had expected to see.Arch Capital said that its losses will largely come read the full article →
U.S. Treasury continues exploring terror cat bonds for risk sharing
The United States Treasury continues to explore its options for terrorism risk sharing with private markets, with terrorism catastrophe bonds once again under discussion at committee level.With the Terrorism Risk Insurance Program, or TRIP, which was authorised under the Terrorism Risk Insurance Act (TRIA) of 2002, set to expire at read the full article →
Markel CATCo begins returning capital to listed fund shareholders
Markel CATCo Investment Management has begun returning capital to shareholding investors in its listed retrocessional reinsurance investment fund, with almost $16 million set to be returns by way of an interim dividend.The Board of the Markel CATCo exchange listed managed fund recommended an orderly run-off of the fund’s portfolios of read the full article →
$10m insurance-linked notes from first Tullett Prebon deal list on BSX
Following the first successful catastrophe risk transaction to use the Tullett Prebon owned Insurance Linked Notes (ILN) platform, $10 million of insurance-linked securities (ILS) have now been listed on the Bermuda Stock Exchange (BSX).The first issuance and settlement of catastrophe risk linked notes through the ILN platform was recently completed read the full article →
TransRe cautious & selective on fronting for ILS or third-party capital
TransRe, the Alleghany owned reinsurance brand name for Transatlantic Holdings, is approaching opportunities to provide fronting services for insurance-linked securities (ILS) or third-party capital providers with caution and opting to be selective about those it works with.Options in the world of fronting for ILS funds and capital providers shrank when read the full article →
Hyperion adds capital markets expertise with Shumway hire
Hyperion Insurance Group, the global insurance and reinsurance broking, advisory and underwriting company, has hired Mark Shumway, an executive with capital markets and ILS advisory expertise, to its Hyperion X unit.Hyperion has been steadily adding reinsurance and capital markets expertise, with broking capabilities now ranging across traditional and collateralised markets, read the full article →
Guy Carpenter’s Cerulean Re ILS platform completes $25m private deal
Cerulean Re SAC Ltd., the private catastrophe bond and insurance-linked securities (ILS) issuance vehicle operated by reinsurance broker Guy Carpenter and Marsh Captive Solutions, has completed another transaction, a $25 million Cerulean Re SAC Ltd. (Series 2019-E1) issuance.The Cerulean Re vehicle was established in 2017 by Guy Carpenter’s capital markets read the full article →
Tullett Prebon insurance-linked note platform completes first issuance
The Tullett Prebon owned Insurance Linked Notes (ILN) platform has successfully completed its first issuance and settlement of catastrophe risk linked notes, in a transaction involving at least one ILS fund manager in LGT ILS Partners.Tullett Prebon, the electronic and voice interdealer broker and part of the TP ICAP group, read the full article →
