third-party reinsurance capital

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IAG highlights “significant reinsurance recoveries” with more to come

Australian primary insurance group IAG has highlighted "significant reinsurance recoveries" made under its program in 2019, including around $280 million from its aggregate tower, with more to come as costs from the recent heavy rain event looks set to be capped by its reinsurance as well.IAG had already revealed that read the full article →

Commercial property insurance rates accelerate globally. Positive for ILS

The impacts of catastrophe losses around the globe continue to be felt in the commercial property insurance market, as rate rises continued to accelerate in the fourth-quarter of 2019 with U.S. property one of the fastest moving segments.Across the globe, on average, pricing for property insurance risks increased by 13% read the full article →

Alternative capital “not even retreating to any great extent” – Peiser, WTW

Alternative reinsurance capital is not going away after the recent losses it has experienced, in fact "it's not even retreating to any great extent" according to the Global Head of Broking at Willis Towers Watson.After the significant catastrophe losses experienced, as well as issues with loss creep and trapped collateral, read the full article →

RenRe’s third-party capital fee income soars as assets continue to rise

Bermuda-based reinsurance firm and third-party capital management specialist RenaissanceRe has benefited from significantly higher fee income earned through its various third-party capital management and ILS fund activities in 2019.Management fees soared for RenaissanceRe (RenRe) in 2019, as its third-party capital assets under management increased significantly across the range of joint-venture read the full article →

Mt. Logan Re AuM & cat bond assets shrank at 1/1 for Everest Re

Third-party reinsurance capital accounted for within reinsurer Everest Re's capital stack shrank at January 1st 2020, as assets under management in its Mt. Logan Re collateralized reinsurance sidecar-like vehicle shrank at year-end, while catastrophe bond maturities outweighed its renewals.Everest Re had been building an increasingly larger contribution from third-party reinsurance read the full article →

Suncorp’s 2020 losses erode around half its aggregate reinsurance

Australian primary insurer Suncorp has revealed that around half of its aggregate reinsurance protection has been used up thanks to heavy losses from bush fires, hail and storms in recent weeks.The start of 2020 saw Suncorp adding an expected $155 million of net losses just in January alone, resulting in read the full article →

Work to do, but ILS ready to grasp opportunities, say ILS NYC 2020 speakers

The insurance-linked securities (ILS) market recognises the need to learn from recent catastrophe loss activity and to firm up its processes and structures to the benefit of cedents and investors, while at the same time ILS players are ready to grasp emerging opportunities for growth and diversification, speakers at our read the full article →

Markel begins fronting insurance business for Nephila Capital

Markel Corporations relationship with its market-leading insurance-linked securities (ILS) fund manager Nephila Capital has deepened in recent months, as its insurance business began acting as a distributor for Nephila's capital, ceding catastrophe exposed insurance business to the manager.Markel acquired the largest manager of catastrophe and weather insurance and reinsurance linked read the full article →

Why cyber re/insurance needs ILS – Q&A with Tom Johansmeyer, PCS

There is constant chatter about cyber insurance and reinsurance as a meaningful future component peril of the insurance-linked securities (ILS) asset class, but so far little transactional flow has been seen. We spoke with Tom Johansmeyer, Head of PCS, to get his view on the current status of cyber ILS.Q: read the full article →

PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners

PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the read the full article →