trapped collateral


CATCo gets another $68.9m of trapped collateral back from side pockets

The winding down and running-off of Markel CATCo Investment Management’s retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., continues apace, with the manager securing another $68.9 million release from side pockets established for potential loss reserves. The Markel CATCo managed retrocessional insurance-linked securities (ILS) fund has been successfully retrieving read the full article →

Trapped capital an unknown, but favourable trends to persist: Artemis Live

Positive rate momentum and the re-examining of terms and conditions (T&Cs) is expected to continue at the key January 2021 reinsurance renewals and beyond, while ongoing uncertainty surrounding another year of trapped capital will have an influence, according to industry experts. Artemis, in collaboration with sister publication Reinsurance News and in read the full article →

COVID-crisis accelerates hard market, likely to trap capital: SCOR’s Conoscente

The global pandemic is accelerating the hard reinsurance market, according to Jean-Paul Conoscente, chief executive officer of SCOR Global P&C. Speaking to Artemis ahead of the virtual Monte Carlo renewal discussions, he said that trends which had begun in 2019 were being further fuelled by the expected claims impact of COVID-19. "Collateral read the full article →

All perils, non-U.S. contracts & sidecars to see most trapping at year-end: A.M. Best

Of the insurance-linked securities (ILS) related contracts and structures that are most at-risk of having collateral pre-emptively or otherwise trapped at year-end, rating agency A.M. Best believes all perils or non-U.S. property reinsurance or retro contracts and quota share sidecars are the most exposed to this. In a recent report, A.M. read the full article →

ILS Capital in landmark $57m trapped capital securitisation

ILS Capital Management Ltd., a Bermuda headquartered ILS fund and reinsurance investment manager, has successfully completed a landmark securitisation that reduces the level of trapped capital affecting its ILS funds and returns capital to investors, seeing it as the first ever securitisation of trapped ILS capital. In doing so, ILS Capital read the full article →