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Markel: ILS represents ‘strategic pillar’ despite CATCo challenges

Global, North America19-03-2019Insurance news, Reinsurance News

Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.

Markel CatCo board recommends run-off as future in question

Bermuda, North America01-03-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

The future of Markel CatCo looked less certain today as the company’s board said it would “recommend an orderly run-off” of the firm's portfolios.

UnipolSai places €45m Atmos Re cat bond structured by Willis Towers Watson

Europe, Italy01-03-2019Alternative Risk Transfer News, Insurance news, Property cat, Reinsurance News

UnipolSai Assicurazioni, one of the biggest insurers in Italy, has placed a €45 million catastrophe bond providing it with protection against perils in Italy including atmospheric phenomena, snow pressure and flood risks (including Vatican City and San Marino Republic).

IAG issues first cat bond, uses new Singapore ILS laws for first time

Asia Pacific, Australia, Singapore27-02-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Insurance Australia Group (IAG) has issued its first catastrophe bond; the deal also the first to be domiciled in Singapore, using its new insurance-linked securities (ILS) laws.

Belisle/Fredricks leave Markel CATCo after “undisclosed personal relationship” uncovered

Bermuda, North America21-01-2019Alternative Risk Transfer News

Markel CATCo, which has been conducting an internal review into its loss reserves in 2017, has parted company with two of its senior executives with immediate effect after it appears it discovered evidence of an “undisclosed personal relationship” in the course of the investigation.

AlphaCat strikes new ILS deal with Ledger Capital Markets

Bermuda, North America18-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

AlphaCat Managers, AIG's third-party reinsurance capital management and insurance-linked securities (ILS) unit, has entered into an ILS transaction with Ledger Capital Markets.

Global reinsurance capital decreased in Q3 2018 but ILS capacity up

Global11-01-2019Alternative Risk Transfer News, Capital Management News, Insurance news, Reinsurance News

Global reinsurance capital decreased in the third quarter of last year though the mix of capital available changed within this with alternative capital supplying a higher percentage of what was available to insurers, according to a report by Aon.

PIMCO recruits Mt. Logan Re CEO to head up ILS push

North America11-01-2019Alternative Risk Transfer News, Insurance news

Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has recruited Rick Pagnani, the former chief executive of Everest Re’s sidecar Mt. Logan Re, as head of its ILS business.

ILS woes could trigger hardening in retro markets

Global10-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019.

Liberty Mutual strikes new $150m Limestone Re deal despite ‘challenging conditions’

Bermuda, North America09-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re.

Showing 1 to 10 of 493 results

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