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Showing 1 to 10 of 489 results

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

Bermuda, North America21-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance 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.

Five reinsurers back Freddie Mac on latest risk transfer innovation

North America04-01-2019

Freddie Mac, the US government-sponsored enterprise that provides liquidity to the US mortgage markets by buying mortgages from lenders, transferred a new type of risk into the reinsurance markets as part of an ongoing expansion of its risk transfer programme.

Pricing gap highlighted by new Willis Re report

Global02-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re.

Reinsurance treaties vulnerable to California wildfire losses: Fitch

North America20-12-2018Alternative Risk Transfer News, Insurance news, Property cat, Reinsurance News

Reinsurance treaties with aggregate loss triggers are expected to be vulnerable to the November fire losses in California, following previous qualifying catastrophe events in 2018 that would have utilized some or all of their aggregate deductibles, Fitch Ratings said.

New RenRe reinsurer gets AM Best rating

Bermuda, North America20-12-2018Alternative Risk Transfer News, Insurance news, Property cat, Reinsurance News

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Bermuda-based Vermeer Reinsurance, a property catastrophe reinsurer that has recently been launched by RenaissanceRe and Dutch pension fund manager PGGM.

Showing 1 to 10 of 489 results

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