Collateralised reinsurance
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The facility will initially focus on US, Bermudian and European business. -
The resource was developed by leading ILS managers and investors.
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Scott Cobon's most recent title was MD, insurance management services.
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Hannover Re Capital Partners is in talks with two investors for 1 January launch.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The CUO has added the role of head of private ILS, joining the executive team.
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The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
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The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.
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We discuss progress in collateral management with our Outstanding Contributor winner.
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Some $400mn of bonds priced in the past week, after a record-setting H1.
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The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The programme’s total limit this year is down $594mn to $1.36bn.
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The total return for the Swiss Re Global Cat Bond Index stood at 0.61% for the month.
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The documents figure in a potential criminal case against a CCB employee.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The bond will provide protection for storms, quakes and fires in seven US states.
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The bond protects against losses in the US, Canada, Europe and Australia.
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The bond will cover named storms in five US states.
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The bond will offer retrocession coverage for Hannover Re.
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The carrier increased its cession by around 13% year over year.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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The bond will provide fire protection for MGA Bamboo’s California business.
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The Class A section of the bond has doubled in size, at lower pricing.
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The Class B segment of the bond has priced below initial guidance.
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The bond provides coverage for storms, earthquakes and severe weather events.
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Price guidance for the bond is 7.00%-7.75%.
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The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The vehicle is smaller by 8% as White Mountains’ participation grew.
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Over-subscriptions have been evident on well-priced US cat treaties.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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Initial spread guidance for the three-year bond is set at 425-500bps.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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The fund will invest in listed and private transactions.
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Reserve risk specialist Enstar has struck its first deals in the ILS space this year.
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Losses from the hurricane may not significantly impact on many funds’ annual returns.
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Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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The manager’s ILS allocation now spans six of its seven investment funds.
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Quick-moving cat risk trading may become more prevalent in the ILS market.
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The deal economics take into account the investment return that Longtail Re can leverage.
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The bond’s pricing for southern US storms landed at the upper bound of guidance.
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The parametric bond provides coverage for named storms.
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Its Class 13 and 14 notes priced roughly at the midpoint of expectations.
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Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
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The bond will provide protection against Japanese flood and quake events.
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The bond will insure against named storms in eight US states.
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The firm has integrated a trustee bank API into the RUDDR platform.
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The deal is a large expansion on last year’s cat-bond coverage.
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The $175mn bond is priced lower than the original range set out in January.
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Pricing on Class A notes has reduced for a second time.
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The health insurer now expects to secure the lowest-risk tranche of its health bond for under a 3% spread.
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Improving the speed and efficiency of settlements is required to help the market grow.
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Allstate has expanded the size of the bond twice, now reaching $400mn.
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The bond will provide protection from named storms in Florida for three years.
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The bond provides protection for North American named storms and earthquakes.
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The amount offered in Class A and B notes has also expanded slightly.
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The three-year instrument provides cover for US named storms and earthquakes and European windstorms.
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Pricing guidance is currently at 6.75%-7.50% for the Class A notes.
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The Middle Eastern investor had built up a billion-dollar portfolio, but personnel turnover has ultimately driven it to reverse course.
