Insurance linked securities news, ILS news

Insurance-linked securities (ILS) and catastrophe bond limits at risk of losses in the Asia Pacific region continue to expand, according to reinsurance broker Guy Carpenter, which results in increasing global diversification opportunities for the ILS investor base.

American International Group, Inc. (AIG) has reported its first quarter of earnings since the acquisition of Bermudian reinsurance and third-party capital management firm Validus and the insurer gives some visibility of what looks like an improved amount of income earned through the AlphaCat Managers ILS fund activities.

It was the impacts to pharmaceutical giant Merck as well as silent cyber exposure that drove the insurance and reinsurance industry loss from the 2017 Petya / NotPetya cyber attack, according to PCS, providing a further warning of how cyber losses can hit multiple business lines.

The insurance-linked securities (ILS) sector has proven itself to be a relevant and reliable source of reinsurance or retrocession capacity following the major losses of 2017, while at the same time the sector continues to grow and expand, promising to increase its relevance even further.

In supporting the Pacific Island nations on their road to resilience, the World Bank aims to expand the availability of parametric disaster insurance protection, partly through the use of private capital, while expanding the range of parametric insurance products available in the region as well.

An insurance-linked securities (ILS) vehicle has been listed on the Bermuda Stock Exchange (BSX) that will ultimately house transactions entered into on the Tullett Prebon owned Insurance Linked Notes issuance and trading platform.

The shift towards indemnity triggers in the insurance-linked securities (ILS) market has accelerated in 2018, but alternatives such as industry loss index triggers and parametric triggers remain important as well, with the potential to have meaningful impact, according to Willis Re’s ILS team.

According to the state’s Governor Roy Cooper, the economic impact of hurricane Florence on North Carolina could reach as high as $17 billion, which would put the percentage covered by private insurance as low as 27%.

The addition of insurance-linked securities (ILS) investment expertise, through the recently announced acquisition of the Cartesian Re ILS operations, is expected to “enhance” the institutional client portfolios offered by asset manager Neuberger Berman Group.

The acquisition of two of the largest specialist reinsurance, retrocession and insurance-linked securities (ILS) fund managers, as well as program and fronting specialist State National, is a game changer for Markel Corporation, according to the firms two Co-CEO’s.