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).
Global markets and Latin America focused asset manager BTG Pactual Asset Management has hired the team from retrocession and reinsurance focused specialist investment manager Lutece Investment Management Ltd.
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Bermuda-based specialty insurance and reinsurance company AXIS Capital Holdings Ltd. is now set to secure an upsized $200 million of coverage from its new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, while at the same time the pricing has now been fixed below the bottom end of the initial range.
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Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has lifted the target size for its new Northshore Re II Ltd. (Series 2018-1) catastrophe bond to as much as $200 million, while at the same time the coupon offered to investors has fallen and will settle at the bottom of initial guidance or below […]
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The Canadian financial markets regulator, the Office of the Superintendent of Financial Institutions (OSFI), has called for ceding companies to perform a higher level of due diligence on reinsurance purchases involving ILS and alternative sources of capital.
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Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has returned to the capital markets with a new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, with which the company is seeking a multi-year source of multi-peril reinsurance and retrocession.
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Tony Belisle, the Chief Executive Officer of Markel CATCo Investment Management Ltd., has taken the number of shares he has recently acquired in his firms stock exchange listed retrocessional reinsurance ILS fund strategy to 2.5 million shares across all classes, with another two purchases made.
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Tony Belisle, the Chief Executive Officer of Markel CATCo Investment Management Ltd., has sought to demonstrate his alignment with investors in his firms stock exchange listed retrocessional reinsurance ILS fund strategy by acquiring 1.5 million shares across all classes.
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The way the reinsurance industry raises capital after a major loss has changed completely over the last decade, as the rapid entry of ILS capital after a catastrophe event is now an “established trend”, according to David Flandro, of JLT Re.
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Argo Group, the international specialty insurance and reinsurance underwriter, has appointed a new global leader for its ceded reinsurance operations, promoting Ariel Re head of underwriting Katie Partington Howarth to the role of Group Head of Ceded Reinsurance.
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The insurance-linked securities (ILS) fund and collateralized reinsurance sector expanded both the scope of the coverage it was offering as well as its market share at a Florida June 1st reinsurance renewal where rate increases were seen as disappointing, according to broker JLT Re.
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