ILS

Gallagher Re hires Miller’s Alexander to support retro and ILS production

Miller’s Robert Alexander is set to join Gallagher Re as managing director in early 2024.

No sign of new capital wave to alter 1.1 renewal trajectory

Despite traction in fundraising at a number of ILS funds and progress for at least one mooted reinsurance start-up, there is no expectation in the market of a meaningful influx of capital at a level that will alter the supply-demand equation at the upcoming 1 January renewals.

Cat bond activity bounces back in 2023

Catastrophe bond issuance looks likely to set a new record this year, despite a relatively quiet Q3, with observers also confident that next year will be active too.

Singapore regulator aims to strengthen position as leading Asia ILS hub

Expanding capacity through alternative risk transfer instruments will be critical if the Asia Pacific region is to start to close the protection gap, according to Ravi Menon, managing director at the Monetary Authority of Singapore.

ILS in APAC: A growth story in the making

Aon Securities’ Jordan Brown and Yusuke Kikuchi provide an update on the developments taking place around ILS in Asia Pacific.

GC: Cat bonds and parametrics gaining traction in Asia Pacific

Climate change, capital management and the changing nature of risk are set to be the dominant trends across Asia’s insurance landscape in 2024, according to Guy Carpenter’s regional CEO Tony Gallagher.

Growing importance of sustainable cat capacity for Japanese typhoon risks

Perils’ Darryl Pidcock discusses the importance of sustainable cat capacity for the Japanese insurance market,

Cat 5 Otis set to trigger Fonden cat bond as Aon warns of “significant industry event”

Recovery and relief operations are ongoing following Hurricane Otis’ unexpected Category 5 landfall in Acapulco earlier this week, with the storm expected to trigger the Mexican government’s Fonden catastrophe bond.

World Bank to expand cat bond use to $5bn: Bloomberg

The World Bank is planning to expand its cat bond use from $1bn to $5bn over the next five years, according to Bloomberg.

Baden-Baden Symposium: Demand for alternative solutions must be met

The (re)insurance sector must make better use of ILS/non-traditional capital and alternative reinsurance structures to meet the changing needs of clients or face losing relevance at a time of heightened risk, industry leaders warned at the Guy Carpenter Baden-Baden Reinsurance Symposium yesterday.

ILS fund Leadenhall pens APAC distribution agreement with Bennelong

Leadenhall Capital Partners has penned an ILS fund distribution agreement with investment manager Bennelong Funds Management, in a deal which further highlights the increase in investor appetite for the asset class.

Nascent Group to acquire Bermuda Compliance Consultants Ltd

ILS firm Extraordinary Re winding down operations after 11-year run

New York-based ILS platform Extraordinary Re is winding down its operations after having claimed to have developed the only secondary trading platform for insurance liabilities.

Vesttoo bankruptcy judge reiterates stay over White Rock segregated accounts

The judge in Vesttoo’s bankruptcy case has reinforced an automatic stay, ordering Aon’s White Rock and its joint provisional liquidators (JPLs) to act as if the stay applied to the segregated accounts and to take no more action in their Chapter 15 case pending a hearing on a provisional relief motion.

White Rock provisional liquidators hit back at Vesttoo’s claim over control of cells

The joint provisional liquidators of Aon’s White Rock segregated cell platform have opposed Vesttoo’s efforts to find them in contempt of an interim stay in the insurtech’s bankruptcy case, with a key issue in the dispute being who has control of the Vesttoo cells and their assets.

Aeolus promotes Morrison to partner

Bermuda-based ILS fund manager Aeolus Capital Management has promoted Fergus Morrison to become a partner in the firm.

ILS sector on course for record issuance in 2023 after bumper H1

The first half saw record-breaking new ILS issuance, as sponsors found cat bonds a great alternative to hardening traditional reinsurance and investors successfully raised new capital, with market participants confident the momentum can be maintained for the rest of the year and beyond.

On the front foot

Kathleen Reardon, chief executive of Hiscox Re & ILS, explains how the firm has reacted to harder market conditions and positioned itself for growth.

Acrisure Re to launch cat bond offering with Kriesch and Witteveen hires

Acrisure Re has hired Sandro Kriesch and Patrick Witteveen to launch a full-service cat bond offering within its Corporate Advisory and Solutions division.

Triggering a rise in cat capacity

Perils’ Darryl Pidcock discusses the importance of industry loss triggers in supporting the sustainability of the cat market.

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