solvency ii


Cat bonds an attractive asset for EU insurers in a Solvency II world

Investing in catastrophe bonds is viewed as an attractive investment by some primary insurance companies, with the implementation of Solvency II meaning the assets can have certain capital benefits, depending on an insurers profile. For a primary insurance firm which does not carry too much catastrophe risk on its balance-sheet, an read the full article →

Solvency II to increase reinsurance demand, benefit equivalent domiciles: Fitch

Solvency II will benefit the reinsurance market through an increase in demand, which is already being seen in longevity risk transfer and also benefit the domiciles or markets which have sought Solvency II equivalence, particularly in commoditised reinsurance lines, according to Fitch Ratings. Solvency II equivalence has taken a significant effort read the full article →

Solvency II reinsurance regulatory arbitrage. Good for ILS?

According to Fitch Ratings there may be a reinsurance regulatory arbitrage available that could benefit U.S. reinsurers, as cedants in Europe look to offload more of their risks, due to higher capital requirements under Solvency II, while reinsurers outside of the S2 framework could have an advantage. Fitch's report specifically discusses read the full article →

Longevity risk transfer market to remain busy due to Solvency II

The longevity risk transfer market, of longevity swap transactions and other reinsurance arrangements that hedge or transfer longevity risk, is particularly busy right now because of impending Solvency II regulation and the resulting capital requirements. With the Solvency II regulatory regime for insurers and reinsurers set to begin on the 1st read the full article →

European Commission finds Bermuda fully equivalent for Solvency II

The insurance and reinsurance industry has applauded the decision by the European Commission to find Bermuda and the Bermuda Monetary Authority (BMA) to be fully equivalent under the Solvency II regulatory regime. Bermuda and Switzerland, both considered key hubs for insurance and reinsurance, as well as for the insurance-linked securities (ILS) read the full article →

Solvency II to increase reinsurance (and ILS) demand in Europe: S&P

As the new European regulatory standards’ adoption moves ever closer, with Solvency II regulation set for January 1st 2016, S&P has said that it should result in higher reinsurance demand, which could mean more opportunity for insurance-linked securities (ILS). The approaching implementation of Solvency II regulation and guidelines has been a read the full article →

Solvency II likely to be “major development” for ILS market: EIOPA

The introduction of the impending Solvency II insurance and reinsurance regulatory environment is likely to be a "major development" for the insurance-linked securities (ILS) market, according to a representative of EIOPA. Petr Jakubik, who leads the Financial Stability Team at the EU insurance and reinsurance industry watchdog, the European Insurance and read the full article →

Solvency II driving life reinsurance but not life ILS (yet)

According to the results of a survey released today more life insurance companies are buying reinsurance protection, with Solvency II suspected a key driver of sales, but it has not yet resulted in increased issuance of life insurance-linked securities (ILS) or mortality catastrophe bonds. The survey from reinsurance broker Aon Benfield read the full article →

First Solvency II compliant catastrophe bond SPRV established in Ireland

The completion of French reinsurer SCOR's latest catastrophe bond deal, Atlas Reinsurance VII Limited, last week was it turns out a first for the market, according to financial law firm Walkers Ireland. Walkers Ireland acted as Irish legal and tax counsel, as well as listing agent for the transaction and read the full article →

EIOPA: ‘Shadow insurance’ needs to be examined

There were some more interesting comments made at the Baden Baden kick-off event held by Guy Carpenter on Sunday. The event featured a number of key industry figures discussing volatility as a concept affecting reinsurers and whether volatility should be looked on as a threat or an opportunity. One of read the full article →