third-party reinsurance capital

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TransRe working to expand strategic capital relationships: Alleghany CEO Hicks

TransRe, the reinsurance arm of Alleghany Corporation, is able to "punch above its weight" in the global reinsurancem market, thanks to its access to efficient third-party capital, Alleghany CEO Weston Hicks said.The Alleghany group is actively working together to help TransRe expand on its strategic capital relationships, to help in read the full article →

AXIS’ third-party capital from ILS investors shrank in 2019

Despite the fact AXIS Capital significantly increased its fee income earned from third-party capital sources in 2019, the firms assets from ILS style investors shrank over the course of the year and the company began 2020 with less of this type of investor capital than a year earlier.Bermuda-based specialist insurance read the full article →

This is the year for ILS to flex its muscles: Albertini at ILS NYC 2020

2020 is the year when the insurance-linked securities (ILS) market should flex its muscles to ensure the robustness of its products for both cedents and investors, speakers at our recent New York ILS conference said.With a theme of ‘Building Back Stronger” the conference as a whole focused on the need read the full article →

Jamaica readies for first cat bond, already budgeting for its renewal

Despite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal.Jamaica's government has been working towards sponsoring its first catastrophe bond for at read the full article →

AIG enhances agg reinsurance, adds new occurrence, all at 7% lower cost

Insurance giant AIG has continued to enhance its catastrophe reinsurance program as it looks to take volatility out of its General Insurance business, further optimising its aggregate tower and adding new occurrence towers at the January renewals.AIG made some relatively significant changes to its reinsurance program at the middle of read the full article →

Lloyd’s plans for third-party & ILS capital appear pushed back

Lloyd’s of London appears to have lowered the priority level of its plans for welcome insurance-linked securities (ILS) capital into the insurance and reinsurance marketplace, as three other initiatives from its Blueprint One are set to be the immediate focus.When Lloyd's revealed its ambitious “Blueprint One” last September, the plan read the full article →

Lancashire Capital Management anticipates mid-teen returns for 2019

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings Limited, expects to deliver an impressive mid-teen return to its investors from its investment strategy for 2019.Reflective of a year when rates were increasing and catastrophe losses and large risk losses read the full article →

AlphaCat income dips for AIG on Q4 catastrophes, but full-year up significantly

Investment income earned from the operations of its AlphaCat Managers ILS unit by global insurance giant American International Group (AIG) dipped in the fourth-quarter of 2019, likely due to the impact of significant catastrophe losses during the period. But for the full-year the ILS-related income earned by AIG is seen read the full article →

Lancashire’s third-party capital fees rise as transition to “harder stage of cycle” begins

Specialty insurance and reinsurance group Lancashire Holdings Limited has benefited from higher fees within its now rebranded third-party capital collateralised reinsurance underwriting arm Lancashire Capital Management Limited, a reflection of increasing assets under management.This coincides with the improvement in pricing in the global reinsurance and retrocession market, which CEO of read the full article →

Peak Re sees ILS capital as key, can help investors access Chinese risks: CEO Hahn

The ability to access the capital markets is key for reinsurers and with Hong Kong eager to establish itself as Asia’s insurance-linked securities (ILS) hub, Peak Re is well positioned to serve as a conduit between investors and Chinese property catastrophe risks.This is according to the Chief Executive Officer (CEO) read the full article →