Insurance
Alternative capital hit $92bn as reinsurance returned to pre-pandemic high: Aon
Global reinsurance capital levels returned to their pre-pandemic high at $625 billion by the end of September 2020, with a slight rise in alternative reinsurance capital recorded during the period by broker Aon. The insurance and reinsurance brokers latest measure of reinsurance capital around the world sees traditional reinsurance capital at a new high of…
Read MoreMetLife reinsured $2bn of longevity risk for L&G in 2020
MetLife, Inc., one of the largest life and annuities insurance groups in the world, has announced that it completed four UK based longevity reinsurance transactions with Legal & General Assurance Society Limited (Legal & General) in 2020. MetLife has been expanding its longevity risk transfer and reinsurance activities in the United Kingdom over the last…
Read MoreExpanded Triple-I Flood Risk Maps Provide Richer Perspective
The Triple-I Resilience Accelerator’s flood risk visualization tool is being enhanced with: National Flood Insurance Program (NFIP) data on “take-up rates” by U.S. county from 2010 to 2021, Differences between take-up rates inside and outside of flood zones, and in different proximities to flood zones. These additions will expand the Accelerator’s visualization from covering only…
Read MoreBermuda Stock Exchange (BSX) ILS listings soar in busy 2020
The Bermuda Stock Exchange (BSX) has listed almost 100 more insurance-linked securities (ILS) and catastrophe bond tranches during the record-breaking issuance year of 2020, than it did in the prior year. As a result, the BSX’s ILS specific listings, which are largely catastrophe bonds, mortgage insurance-linked securities (ILS), reinsurance sidecar notes and some listed ILS…
Read MoreRenRe’s ILS & third-party reinsurance capital vehicles hit $6.9bn
RenaissanceRe, the Bermuda headquartered global reinsurance company, had lifted the amount of assets managed within its third-party capital, joint venture and managed insurance-linked securities (ILS) fund vehicles to $6.9 billion by October 2020, with these structures now getting close to equalling the reinsurers own capital base. RenaissanceRe’s $6.9 billion of insurance-linked securities (ILS) assets and…
Read More2020 ends with an ILS whimper, as rates go sideways: Lane Financial
As expected, the catastrophe bond hard market persisted through the final quarter of 2020, but the year “went out with an ILS whimper” according to consultancy Lane Financial, as insurance-linked security (ILS) rates-on-line went sideways. Catastrophe bond and insurance-linked security (ILS) rates-on-line remained flat through the fourth-quarter of 2020, the latest analysis from ILS focused…
Read MoreMars Inc. interested in alternative reinsurance capital & parametrics: de Wolfe
Mars Incorporated, an American company which is one of the largest globally active and multinational manufacturers of food products, confectionery and pet food, has said that alternative capital is attractive to the firm as a potential backer for its captive, whole parametric risk transfer is seen as a “fantastic” risk management tool. This is according…
Read MoreGallagher Re secured $140m of reinsurance for Arch’s Bellemeade program in 2020
Global reinsurance broker Gallagher Re, part of the Gallagher group, successfully brokered $140 million of traditional mortgage reinsurance for Arch Capital during 2020, as part of the firms Bellemeade Re mortgage insurance-linked securities (ILS) program. Arch Mortgage Insurance sponsored the issuance of over $1.55 billion of Bellemeade Re mortgage insurance-linked notes in 2020, as it…
Read MoreQBE lifts cat reinsurance tower to $3.4bn, pays slightly more for it
Australia headquartered global insurance and reinsurance firm QBE has increased the top of its main catastrophe reinsurance tower to $3.4 billion, with the company saying its renewal came in at a premium rate increase of under 5%, but restructured things slightly to account for heightened catastrophe frequency. QBE said this morning that its January 2021…
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