third-party reinsurance capital


Arbitration rules in favour of Securis over ICAT clawback complaint

A dispute levelled against specialist insurance-linked securities (ILS) asset manager Securis over a clawback complaint made by Paraline's ICAT Syndicate 4242 has been ruled in favour of the ILS fund manager, as clawback never existed in the contract.Securis Investment Partners had backed a collateralised reinsurance agreement with Paraline operated ICAT read the full article →

The “other perils” conundrum for reinsurance & ILS on coronavirus

With the traditional reinsurance industry and insurance-linked securities (ILS) market working hard to identify any routes through which unexpected claims from the Covid-19 coronavirus pandemic could leak, it's perhaps worth looking at one obvious area of uncertainty, the growing in prevalence "other perils" category and similarly worded contract terms.For us, read the full article →

Disruptive with benefits – Third-party capital still a threat to stable reinsurers, says A.M. Best

Third-party reinsurance capital from the insurance-linked securities (ILS) market and alternative capital vehicles remains a threat to the stable outlook for the global reinsurance market, rating agency A.M. Best believes.While the rating agency highlights the fact that in reinsurance "traditional capacity has become more closely aligned with third-party capital," it read the full article →

ILS capacity tightening to influence June renewals: A.M. Best

An expected tightening of third-party reinsurance capital from insurance-linked securities (ILS) funds and structures is likely to influence pricing at the upcoming mid-year reinsurance renewals, according to A.M. Best.The rating agency explained that while the reinsurance market is adapting to operating under Covid-19 coronavirus pandemic conditions, the fact ILS capacity read the full article →

Credit Suisse ILS backed Arcus Syndicate 1856 targets 2020 expansion

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse Insurance Linked Strategies team, is targeting an expansion of business across most of the underwriting classes it operates in for 2020.In reporting its 2019 results, the Arcus 1856 team revealed that a read the full article →

Varied April renewal outcomes for ILS funds, as Covid-19 bites

The April reinsurance renewals saw significant rate increases that offered a chance for insurance-linked securities (ILS) funds to create a much higher returning book of Japanese catastrophe risk for their portfolios, but the results appear to have been uneven.While loss-hit Japanese catastrophe reinsurance towers exposed to wind and flood saw read the full article →

Rates rise up to 50%, ILS capacity down at 1.4 reinsurance renewal: Willis Re

Reinsurance rates rose by as much as 50% at the 1.4 April reinsurance renewals according to Willis Re, but the insurance-linked securities (ILS) market is reported to have deployed slightly less capacity as some ILS funds dealt with redemption requests.The Covid-19 coronavirus pandemic escalated right as the April reinsurance renewals read the full article →

Demand for fully collateralised cover may rise on pandemic risk awareness

There is a chance that reinsurance and retrocession buyers begin to favour fully collateralised protection more highly again, as they become increasingly aware that there are financial and economic risks which of a scale that can threaten traditional re/insurer solvency.The insurance-linked securities (ILS) market was a fully collateralised source of read the full article →

Obsidian launches as fronting conduit to reinsurance & alternative capital

Obsidian Insurance Holdings, Inc., has been launched as a new fronting insurance holding company with $100 million of capital, that aims to become a conduit to connect risk with reinsurance and alternative capital.Launched by private equity specialist investor Genstar Capital in partnership with management, Obsidian Insurance will be run by read the full article →

Nephila backed Blenheim Underwriting to launch managing agency

Blenheim Underwriting, the Lloyd's focused insurance and reinsurance underwriter that counts ILS specialist Nephila Capital as a key backer, is launching a managing agency which will help the company better manage the connection of its risks to a wide range of capital providers.When Blenheim launched its syndicate 5886 at Lloyd's read the full article →