Collateralised reinsurance
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Allianz said it would assist Pimco’s new ILS business through originating collateralised reinsurance and other investments.
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The new coverage provides Travelers with enhanced protection for its property business at what CFO Daniel Frey said was “an appropriate price”.
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The Dodeka XX notes were listed on the Bermuda Stock Exchange yesterday.
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Two transactions were issued on the Bermuda Stock Exchange.
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The transaction replaces an expiring $160mn deal issued in 2016.
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The Markel subsidiary is under investigation into the accounting of loss reserves for 2017 and 2018.
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Sussex Capital UK PCC will be able to write collateralised reinsurance deals for numerous cedants.
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ILS Capital Management has taken a minority stake in US insurer Producers National, the firm told Trading Risk.
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Tokio Millennium Re’s agreed sale to RenaissanceRe will open up an opportunity for competitors to enter the fronting market.
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ILS market participants said there are various ways to manage loss creep in a collateralised reinsurance framework.
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The Florida insurer said it had no concerns about collateral availability to meet Irma claims.
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Former Marsh broker Richard Green has joined as regional head of the alternative risk transfer business.