Retrocession

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Aon hires Neville Weston (formerly Aeolus) as Vice Chair, Reinsurance, Bermuda

Insurance and reinsurance broking powerhouse Aon has made a senior hire from the insurance-linked securities (ILS) market, hiring Neville Weston who was previously with ILS manager Aeolus Capital Management Ltd.Weston was a Partner at Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager.He read the full article →

Swiss Re combines ILS & retro in new Alternative Capital Partners unit

Global reinsurance firm Swiss Re is re-organising its insurance-linked securities (ILS) and retrocessional capabilities, merging ILS and retro teams within one new unit named Alternative Capital Partners (ACP).The reinsurer has always had relatively distinct units for its insurance-linked securities (ILS) structuring and origination, as well as for retrocession.But given the read the full article →

ILS capital now more selective, modest retreat shows: Fitch

While capital inflows have begun again in the insurance-linked securities (ILS) sector, the fact that they took a pause and ILS capacity retreated slightly before this shows that the ILS market has become more selective, according to Fitch Ratings.The ILS market shrank slightly slightly at the beginning of 2019, as read the full article →

Firming possible for “next three to four years”, Stephen Catlin says

Rate firming across insurance and reinsurance markets could persist for the "next three to four years" the CEO of Convex Group told the Financial Times.Rates have clearly been on the rise in reinsurance and more broadly across insurance lines, as the effects of the 2017 and 2018 catastrophe losses and read the full article →

Hyperion hires David Flandro to lead new analytics business

Hyperion X, a data and technology focused unit of the global Hyperion Insurance Group, has announced the hiring of David Flandro as its new Managing Director, Analytics.Flandro was most recently the Global Head of Analytics at reinsurance broker JLT Re, but had resigned from his previous role following Marsh & read the full article →

PCS starts Mexico industry loss index & estimates service

Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.PCS, a Verisk Analytics business, will now cover four countries with loss aggregation and reporting read the full article →

Aeolus Capital Management hires Patrick Graham as Head of Claims

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has added a new senior team hire with a focus on its claims operations.The ILS investment manager has appointed Patrick Graham as its new Head of Claims, a role he began this year in read the full article →

CATCo listed fund NAV’s continue rise, but shares priced far below

On a net asset value (NAV) basis, the CATCo Reinsurance Opportunities Fund continued to deliver positive NAV returns in July, but at the same time the share price continues to languish, as much as 135% below their net asset value in the case of one class.Of course, the CATCo Reinsurance read the full article →

Firm reinsurance rates to persist through January 2020 renewal: Fitch

The firm(er) reinsurance market conditions seen of late are expected to persist through the key January 2020 renewals, according to analysts at Fitch Ratings.As a result, Fitch expects that reinsurers will boost their capitalisation and put it to good use, through the retention of more capital in the near term read the full article →

CATCo 2019 deals show 6% H1 return, but new side pockets needed

Despite the fact it is set for run-off it is interesting to note that the 2019 portfolio underwritten for the CATCo Reinsurance Opportunities Fund has delivered a 6% net asset value return in the first-half of the year to one class of shareholders.The CATCo Reinsurance Opportunities Fund is being wound read the full article →