third-party reinsurance capital


B3i say catastrophe XOL reinsurance system to launch this month

B3i, the insurance and reinsurance industry initiative that aims to create standardised systems for transacting in reinsurance using a distributed ledger, says that its catastrophe excess-of-loss (XOL) reinsurance placement system is finally ready to be released.B3i launched as a blockchain focused consortium of industry insider companies, aiming to create a read the full article →

Singapore to refine ILS infrastructure to support innovation: Gillian Tan, MAS

Singapore is acutely aware that it needs to continue to innovate if it is to achieve its goal of becoming a key insurance-linked securities (ILS) hub for the Asia region, as well as to support the widest range of ILS transactions possible.Speaking at our ILS Asia 2019 conference held in read the full article →

Cat bond risk spreads seen to decline in June

After a few months where risk spreads were seen to have been increasing in the catastrophe bond and insurance-linked securities (ILS) market, on the back of a decline in ILS capital as well as an appetite for higher returns, it seems the market saw its risk spreads decline in June.Catastrophe read the full article →

Jamaica’s cat bond risk modelling supported by World Bank

The work to issue a catastrophe bond for Jamaica continues, with the World Bank providing risk modelling support and expertise to assist in getting a transaction to market, the countries Finance Minister said.Jamaica has been exploring insurance and reinsurance structures for sourcing disaster risk financing for some time now (discussions read the full article →

Education, experience key to developing Asia’s ILS market: ILS Asia 2019 speakers

Yesterday Artemis held its fourth annual insurance-linked securities (ILS) conference in Singapore. ILS Asia 2019 saw 180 attendees from across the globe converge on the country, to hear insightful discussions on the state of ILS in Asia.The key takeaway of the day for me was that education is still absolutely read the full article →

New PFIC regs released, relevant to ILS & hedge fund reinsurance strategies

The U.S. Internal Revenue Service and Department of the Treasury has published a new set of proposed regulations relating to passive foreign investment companies (PFICs), which are relevant to many in insurance and reinsurance, but have particular relevance to certain ILS and hedge fund reinsurer strategies it seems.The updates to read the full article →

Universal names Donaghy CEO, as Downes becomes Exec Chair

Universal Insurance Holdings, the Florida headquartered and expansive primary insurance player, has announced that its CEO Sean P. Downes is stepping into an Executive Chairman role, with his position to be filled by Chief Operating Officer, Stephen J. Donaghy.Universal is a significant buyer of reinsurance and user of alternative capacity read the full article →

Hiscox adds $40m to Jebi & Michael reserves, sees retro opportunities

Insurance and reinsurance group Hiscox has issued a trading update to warn of a hit to first-half profit due to a $40 million strengthening of its typhoon Jebi, hurricane Michael and risk excess book reserves.At the same time the company says that given the improved reinsurance market conditions, it is read the full article →

Arcus 1856 names Shepherd from RenRe as active underwriter

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has named Alex Shepherd as the new active underwriter for the syndicate.Shepherd was most recently with Bermudian reinsurance firm RenaissanceRe, working in London as its read the full article →

ILS funds increasingly differentiate cedants: Willis Re

At the recent mid-year reinsurance renewals, insurance-linked securities (ILS) funds were seen to have become increasingly discerning, as they adopted a more differentiated approach to how they underwrote their portfolios.This follows the trend seen among traditional reinsurance markets, as broker Willis Re explained, "Almost all buyers were able to secure read the full article →