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Ever heard the underwriting joke about how to spot the actuary driving a car?
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The deal brings total longevity risk volumes between the two parties to £4.4bn.
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The reinsurer transferred EUR16.4mn of storm losses to retro partners in the first quarter.
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Early signs indicate third-party capital is being deployed aggressively in the Florida market. -
Alternative reinsurance capital increased by 17 percent to $88bn by year-end 2017, despite last year’s catastrophe losses, Willis Re has said in its latest Reinsurance Market Report.
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An "awful lot" of trapped ILS capital may turn out to be lost capital as 2017 claims evolve, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at Trading Risk's London ILS event last week.
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Prudential Retirement and Pension Insurance Corporation (PIC) have launched a new process to expedite longevity reinsurance transactions for smaller pension buy-ins and buy-outs.
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Confirmed Lassa fever deaths have risen from 72 to 95 in Nigeria, the World Health Organization (WHO) said, as the figure remains below the level required to trigger a payout under the World Bank's pandemic cat bond.
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Prudential has transferred £12bn in annuity assets to life reinsurer Rothesay Life as part of its demerger of M&G Prudential from Prudential Plc.
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ILS investors are closely monitoring the World Bank's pandemic cat bond, as a partial payment could be triggered if a major outbreak of Lassa fever widens in Nigeria, sources told Trading Risk.
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Guy Carpenter told Trading Risk that rate increases on retro business ranged from 5 to 25 percent on a risk-adjusted basis, with pricing dependent on loss experience.
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The strategy of Langhorne Re, the closed-ended life fund set up last month by RenaissanceRe and life reinsurer Reinsurance Group of America (RGA), will be based largely around a leveraged asset play, according to sources.
