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).
Catastrophe bond market momentum is expected to continue at a strong pace in 2022, after investor appetite and new sponsors assisted in driving the record issuance seen in 2021, according to Aon Securities.
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As Swiss Re grows its natural catastrophe exposures, which CEO Christian Mumenthaler today called “a core competence”, the company is benefiting from its expanding use of alternative reinsurance capital and insurance-linked securities (ILS), CFO John Dacey explained.
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Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has announced the hiring of Alaina Cubbon as a Vice President, Portfolio Management, in the firm’s Bermuda based Investment Team.
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Fidelis Insurance Holdings Limited, a specialist underwriter of insurance and reinsurance, appears to have performed a renewal transaction of sorts under its Socium Re collateralised and quota share focused reinsurance sidecar for 2022, Artemis has learned.
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Swiss Re is back in the catastrophe bond market to sponsor its first issuance of the year and in a shift from the recent occurrence cat bonds it has sponsored, this new deal sees the reinsurance giant looking for $200 million or more in annual aggregate retrocessional protection with a Matterhorn Re Ltd. (Series 2022-1) […]
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The Markel CATCo retrocessional reinsurance investment funds are seeking support from the US bankruptcy courts for the proposed buyout schemes, which is seen as a precondition for the buyout proceedings moving forwards.
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Andrew Barnard and Brent Slade, the two most senior executives from Lodgepine Capital Management Limited, the in run-off start-up retrocession investment manager owned by Markel Corporation, are departing the company.
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In announcing its results this morning, global reinsurance giant Munich Re cited two factors that helped to improve market conditions and provided opportunities for growth, increasing demand for protection and tightened capacity, in particular from alternative market sources.
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Catastrophe bonds covering pure European windstorm risks are not expected to face any direct losses after the last few days of severe storms that blew across the continent, but there are implications for aggregate retrocession cat bonds, according to Plenum Investments.
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Global reinsurance company Hannover Re is forecasting a record year for the insurance-linked securities (ILS) market in 2022, with continued expansion of the sponsor-base outside of insurance and reinsurance markets expected.
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