All of our news and analysis on the retrocessional reinsurance marketplace.
Retrocession is effectively reinsurance for reinsurers, so a tertiary layer of risk transfer away from the original risk, if you consider primary, reinsurance and then retrocession.
As reinsurance is insurance for insurers, retrocessional, or retro, protection is reinsurance for reinsurers.
The retrocession reinsurance market has increasingly come to depend on the capital markets and insurance-linked securities (ILS).
As of mid-year 2022, global retrocession capacity has been estimated to be as high as $60bn, around $20bn of which is indemnity based and the rest in other formats.
The alternative capital markets and ILS funds, or investors, play a significant role in global retrocession, as too do instruments such as catastrophe bonds and industry-loss warranties (ILW).
There’s still time to secure a ticket for Artemis London 2022, our first insurance-linked securities (ILS) market conference held in the UK, which is taking place on September 6th 2022, just before the industry heads to Monaco for the RVS.
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Hannover Re benefited from an increased recovery under its long-standing capital markets backed mortality swap arrangement by the end of the first-half of 2022, with the financial benefit from the retro hedge reaching EUR 88 million by the end of the period.
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Global reinsurance firm Swiss Re has set up a new insurance-linked securities (ILS) venture, launching an SEC registered investment adviser today named Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), which will have a focus on catastrophe bond investment management.
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Global reinsurance company Hannover Re has continued its strong growth through the first-half of 2022, with the firms gross premiums written growing by almost 20% across the group and 26% in the P&C reinsurance business.
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Markel’s flagship insurance-linked securities (ILS) fund management operation Nephila Capital saw another significant rise in catastrophe reinsurance premiums underwritten during the second-quarter of 2022.
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There’s still time to secure a ticket for Artemis London 2022, our first insurance-linked securities (ILS) conference in the City, which is being held on September 6th 2022, just before the industry heads to Monaco for the RVS.
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RenaissanceRe is managing the volatile ceded reinsurance and retrocession market by leveraging its ability to cede more risk to its managed capital and so buy less on the open market, according to comments made by its CEO.
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Global reinsurance firm SCOR has made a relatively significant pull-back from US catastrophe risks at the mid-year renewal season, with its gross premiums written in the United States down 24%.
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Hardening of property catastrophe reinsurance rates is expected to continue through this year and into 2023, according to Alex Maloney, CEO of specialty insurance and reinsurance group Lancashire Holdings.
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Specialty insurance and reinsurance group Lancashire Holdings continued to grow into the firming marketplace during the first-half of 2022 and delivered strong underwriting results across the business, although its third-party capital management underwriting fees and profit commission declined.
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