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).
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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Specialty insurance and reinsurance group Lancashire Holdings continued its story of expansion through full-year 2021, reporting a doubling in the size of its property and casualty reinsurance book over the course of the year.
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The latest catastrophe bond from Allianz Risk Transfer (ART), Blue Halo Re Ltd. (Series 2022-1), appears to have been well-received by investors, as Artemis has learned that the issuance is set to upsize by 25% to $125 million, while the price guidance has been lowered for both tranches of notes.
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Analysts at investment bank Jefferies have questioned the diverging strategies of two of the largest reinsurance companies, Hannover Re and SCOR, pointing out that the former is retaining more catastrophe risk, while the latter is reducing, but the analysts suggest that, in a hardening market, it’s time to make hay.
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International specialty insurance and reinsurance group Chaucer plc has renewed its fully collateralised reinsurance sidecar vehicle for 2022, adding new third-party investor capital to support its reinsurance underwriting at Lloyd’s, Artemis has learned.
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Global reinsurance company SCOR appreciates diversity within its retrocessional reinsurance panel, but aims to keep a roughly 50/50 mix, between ILS and traditional limit, as it appreciates both the mix of products and long-term relationships available, Jean-Paul Conoscente, CEO of SCOR Global P&C said yesterday.
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