Reinsurance sidecars news

Alternative reinsurance capital levels, largely from insurance-linked securities (ILS), has once again increased over the last quarter of record as reported by broker Aon, to reach $96 billion as of the end of March 2021, with collateralized reinsurance returning to growth.

Shevawn Barder, Chief Executive Officer (CEO) of reinsurance MGA, AM RE Syndicate Inc., discussed recently how the US specialty risk-focused firm is keen to broaden its underwriting model with the right capital partners.

Mr. Simon Lam, Executive Director, General Business at the Hong Kong Insurance Authority, expects the region’s new ILS regime to “hit the ground running” as mainland China’s insurance market growth continues apace.

The ongoing and historic flooding across Europe is very unlikely to have an impact on the catastrophe bond market and insurance or reinsurance market losses will only be a fraction of the overall economic impact, showing the evident flood risk protection gap and the opportunity for cat bonds to help close it, according to Plenum […]

With Singapore now an active hub for catastrophe bonds and insurance-linked securities (ILS) and with Hong Kong primed to issue its first deal this year, regional sponsor participation can help to ensure their sustainability as ILS domiciles, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities.

With Hong Kong now established as a regulated domicile for insurance-linked securities (ILS) and catastrophe bonds, there could be several issuances out of the region by the end of 2021, according to Cory Anger, Managing Director of GC Securities.

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has expanded its capital base again thanks to a new strategic investment from an intriguing source, US insurance giant The Travelers Companies Inc.

Re/insurer MS Amlin intends to renew its novel Phoenix 1 Re reinsurance sidecar and expects the vehicle to become an important component of its strategy in the Asia region, according to William Ho, Chief Executive Officer (CEO) of MS Amlin Asia Pacific, and Head of Reinsurance for Asia, MS Amlin.

United States based life, retirement and annuities insurance and reinsurance company Global Atlantic Financial Group is expanding its reach, with its first closed life block reinsurance deal outside the US, in which it has again put third-party capital from its Ivy Re sidecar-like structure to work.

Highlighted by the efforts of Singapore and more recently Hong Kong, there’s an exciting and growing opportunity for the insurance-linked securities (ILS) sector to play a meaningful role in the Asia region, according to industry experts.