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).
A settlement is being negotiated between parties in a Florida fraud lawsuit lawsuit involving former CATCo CEO Tony Belisle, with the proceedings stayed until May to allow for the negotiations to continue.
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At a directions hearing held in a Bermuda Court yesterday, the judge ruled that meetings of buy-out scheme creditors in the Markel CATCo Investment Management operated retrocessional reinsurance funds be held.
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The level of litigated claims is on the increase in Florida despite legislative efforts to stem the tide, leading Wesley Todd, CEO of CaseGlide to say the trend is “concerning”, after new litigated claims jumped 37% month-on-month in January 2022 for Florida’s largest P&C insurers.
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The Florida reinsurance renewals at June 1st 2022 could see opportunities emerge to selectively underwrite some retrocession contracts, as that segment of the market is expected to remain dislocated through the first-half of the year, according to commentary from Everest Re.
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Reinsurance rates and pricing may rise faster than primary insurance through 2022 and 2023, according to a bullish forecast from analysts at investment bank Goldman Sachs.
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The in run-off retrocessional reinsurance investment funds that are managed by Markel CATCo Investment Management are heading back to the Bermuda Court this week to provide an update on recent developments.
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In the second in a series of sponsor showcase video interviews for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed Thomas Nuth, the Vice President of Marketing at DeNexus, one of our Bronze sponsors for the conference.
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Allianz Risk Transfer’s (ART) latest catastrophe bond, the Blue Halo Re Ltd. (Series 2022-1) issuance, has now been achieved its upsized $125 million target, while both tranches of notes have priced below guidance in a vote of confidence for the sponsor and the subject business, which is suspected to include risks fronted for ILS manager […]
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Global insurance and reinsurance company Everest Re has is experiencing strong investor interest for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, CEO Juan Andrade said yesterday.
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Markel CATCo Investment Management has gained support from a majority of investors in its listed retrocessional reinsurance investment fund for the improved terms of the buy-out offer and an extension of the Support Undertakings to 31st March 2022.
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