Insurance Linked Securities Market Grows to $93B in 2018: Willis Re

Article 0 Comments Growth of the insurance linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance division of Willis Towers Watson. In the face of multiple smaller catastrophic events in […]

PIMCO and Allianz Partner to Launch Insurance Linked Securities Business

Article 0 Comments PIMCO, the Newport Beach, Calif.-based fixed income investment manager, has hired Rick Pagnani from Mt. Logan Re as executive vice president, to lead the launch of the firm’s property and casualty insurance linked securities (ILS) business. The ILS market, which offers low correlation to other asset classes […]

Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter

Article 0 Comments The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of capital available, said Guy Carpenter & Co., […]

Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon

Article 0 Comments Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605 billion in 2017, remaining resilient in the face of insured natural catastrophe losses of $230 billion over the two-year period, according to a report published by Aon’s […]

Liberty Mutual Again Taps Capital Markets Via Reinsurance Sidecar, Limestone Re

Article 0 Comments Liberty Mutual has once again directly tapped capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 million of collateralized reinsurance capacity for Liberty’s U.S. property catastrophe program, as well as its U.S. homeowners and global property reinsurance businesses, […]

Neon Sponsors 2nd ILS Transaction via UK Transformer Vehicle NCM Re

Article 0 Comments Neon announced it successfully has raised third party capital to support its second insurance linked securities (ILS) transaction through its UK-based transformer vehicle, NCM Re. This marks the first reinsurance renewal under the UK’s nascent regulatory regime for alternative capital investment in the reinsurance sector, said Neon. […]

Neuberger Berman Expands ILS Platform with Purchase of Cartesian Re, Iris Re

Article 0 Comments Investment manager Neuberger Berman Group has acquired an asset manager and an affiliated reinsurer, which manage funds of more than $1 billion and focus on insurance-linked strategies. New York-based Cartesian Re and its Bermuda affiliate Iris Re were purchased from Cartesian Capital Group for an undisclosed amount. […]

Insurance Linked Securities Move from ‘Alternative’ to Mainstream: WTW Survey

Article 0 Comments The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity and accept that reinsurance products backed by “alternative” capital have […]

Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield

Article 0 Comments Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. Indeed, capital levels stood at US$605 billion at Dec. 31, 2017, an increase of 2 percent from […]