Financial

There is an  expectation that the commercial property insurance marketplace could begin to slow down around the middle of the year as some of the forces that had driven recent softening return, according to Willis Towers Watson. Among these are competition and reinsurance capital, including alternative capital from the insurance-linked securities (ILS) market. These were…

The collateralised reinsurance sidecar leaves a lot to be desired, speakers at a conference discussed recently, with the structure singled out as being cumbersome and inefficient, leading to an opportunity for anyone wanting to innovate and work to improve them. Speaking at the SIFMA Insurance and Risk Linked Securities conference in Miami, Richard Spitzer, Insurance…

The Standards Board for Alternative Investments (SBAI) has published a new memo that may be of interest to the insurance-linked securities (ILS) fund managers community, regarding the potential for their to be a conflict of interest between parallel fund strategies. It is a relatively common practice for alternative investment managers to operate parallel investment funds…

In the final quarter of 2019 Florida’s primary insurance carriers continued to add to their ultimate net losses from 2017’s hurricane Irma, demonstrating that the loss creep continued more than two years after the catastrophe event. But these carriers are all too aware of the assistance that their reinsurance panels have provided to them. While…