Insurance

Insurance-linked securities (ILS) have once again demonstrated their lack of correlation to global financial markets in proving themselves “largely immune” to Covid-19 related volatility, Dirk Lohmann has said. Insurance-linked securities (ILS), such as catastrophe bonds and other collateralised reinsurance structures, proved themselves resilient in the face of the Covid-19 coronavirus pandemic, according to Dirk Lohmann,…

The insurance and reinsurance industry is likely facing a larger industry loss from the Covid-19 pandemic than it experienced with the 2001 World Trade Center event, but at the extreme tail-end of probabilities the impact to the market could reach $140 billion, Willis Towers Watson warned today. In a report filled with large numerical estimates…

It’s too early to say exactly how the current pandemic plays out, but the challenges are expected to provide an interesting test case for the collateralised and insurance-linked securities (ILS) business model, according to Frank Majors, Co-CEO and President of Nephila Holdings, and a Director of Nephila Capital. In a recent video interview, which you…

The Covid-19 pandemic is proving to be a catalyst for an expected broad hardening of reinsurance and retrocession markets it seems, with brokers expecting rates to move largely in unison as the financial impact to carriers appears likely to hurt all corners of the market. But one area of the market that had already been…

With natural catastrophe reinsurance premiums underwritten having jumped at Swiss Re in the last year, the company has continued to make use of insurance-linked securities (ILS) investor appetite to help it prepare its portfolio for the coming hurricane season. Swiss Re’s target for natural catastrophe premiums underwritten in the group’s property and casualty reinsurance segment…

Global reinsurance firm Hannover Re continued to expand its activities in the fronting space, with the volume of limit fronted for insurance-linked securities (ILS) investors and funds increasing by 7% during the year. Hannover Re has positioned itself as one of the key facilitators for the ILS market, with its activities spanning a number of…

The impacts of the Covid-19 coronavirus pandemic will be felt broadly across the global reinsurance marketplace, but in the insurance-linked securities (ILS) market the effects may drive a reduction in available ILS capacity and trapping of collateral, Darren Redhead, CEO of Lancashire Capital Management said today. Speaking during the quarterly earnings call for parent company…